<SEC-DOCUMENT>0000919574-18-002899.txt : 20180409
<SEC-HEADER>0000919574-18-002899.hdr.sgml : 20180409
<ACCEPTANCE-DATETIME>20180409120027
ACCESSION NUMBER:		0000919574-18-002899
CONFORMED SUBMISSION TYPE:	20-F/A
PUBLIC DOCUMENT COUNT:		133
CONFORMED PERIOD OF REPORT:	20171231
FILED AS OF DATE:		20180409
DATE AS OF CHANGE:		20180409

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TORM plc
		CENTRAL INDEX KEY:			0001655891
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		20-F/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38294
		FILM NUMBER:		18744977

	BUSINESS ADDRESS:	
		STREET 1:		BIRCHIN COURT
		STREET 2:		20 BIRCHIN LANE
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC3V 9DU
		BUSINESS PHONE:		44 203 286 6222

	MAIL ADDRESS:	
		STREET 1:		BIRCHIN COURT
		STREET 2:		20 BIRCHIN LANE
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC3V 9DU

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TORM Ltd
		DATE OF NAME CHANGE:	20151125

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Anchor Admiral Ltd
		DATE OF NAME CHANGE:	20151016
</SEC-HEADER>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">UNITED STATES</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">SECURITIES AND EXCHANGE COMMISSION</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Washington, D.C. 20549</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">FORM 20-F/A</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Amendment No. 1</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify">&#160;(Mark One)</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify">REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify">ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">For the fiscal year ended<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold"> December 31, 2017</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify">TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">For the transition period from _________________ to _________________</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify">SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Date of event requiring this shell company report:</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Commission file number: <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">001-38294</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">TORM plc</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">(Exact name of Registrant as specified in its charter)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">(Translation of Registrant's name into English)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">England and Wales</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">(Jurisdiction of incorporation or organization)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">Birchin Court, 20 Birchin Lane, London, EC3V 9DU, United Kingdom</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">(Address of principal executive offices)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Jacob Meldgaard, Chief Executive Officer, Tuborg Havnevej 18, DK-2900 Hellerup, Denmark,</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">+45 39 17 92 00</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">(Name, Telephone, E-mail and/or Facsimile, and address of Company Contact Person)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">Securities registered or to be registered pursuant to section 12(b) of the Act.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">Name of each exchange on which registered</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Class A common shares, par value $0.01 per</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify">&#160;share</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Nasdaq Stock Market LLC</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">Securities registered or to be registered pursuant to section 12(g) of the Act.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">(Title of class)</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">NONE</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">(Title of class)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-TOP: 3pt; TEXT-INDENT: 36pt">Indicate the number of outstanding shares of each of the issuer's classes of capital or common stock as of the close of the period covered by the annual report: As of December 31, 2017 there were 61,985,975 of the Registrant's Class A common shares outstanding.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-TOP: 3pt; TEXT-INDENT: 36pt">Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">&#9744;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">No</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; BACKGROUND-COLOR: #ffffff">&#9746;</font></div>
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<div style="MARGIN-BOTTOM: 3pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">No</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">&#9744;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-TOP: 3pt; TEXT-INDENT: 36pt">Note &#8211; Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-TOP: 3pt; TEXT-INDENT: 36pt">Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">Yes</div>
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<td style="WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; BACKGROUND-COLOR: #ffffff">&#9746;</font></div>
</td>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">No</div>
</td>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">&#9744;</div>
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<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-TOP: 3pt; TEXT-INDENT: 36pt">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (&#167;232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">Yes</div>
</td>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; BACKGROUND-COLOR: #ffffff">&#9746;</font></div>
</td>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">No</div>
</td>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">&#9744;</div>
</td>
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<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-TOP: 3pt; TEXT-INDENT: 36pt">Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or an emerging growth Company.&#160; See the definitions of "large accelerated filer," "accelerated filer" and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):</div>

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<td style="WIDTH: 15.37%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 26.96%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Large accelerated filer <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">&#9744;</font></div>
</td>
<td style="WIDTH: 13.46%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 28.82%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Accelerated filer&#160; <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">&#9744;</font></div>
</td>
<td style="WIDTH: 1.92%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 13.46%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
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<tr>
<td style="WIDTH: 15.37%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 26.96%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 13.46%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 28.82%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 1.92%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 13.46%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 15.37%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 26.96%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Non-accelerated filer&#160;&#160; <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; BACKGROUND-COLOR: #ffffff">&#9746;</font></div>
</td>
<td style="WIDTH: 13.46%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 28.82%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Emerging growth company <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; BACKGROUND-COLOR: #ffffff">&#9746;</font></div>
</td>
<td style="WIDTH: 1.92%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 13.46%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 15.37%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 26.96%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">(Do not check if a smaller reporting company)</div>
</td>
<td style="WIDTH: 13.46%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 28.82%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 1.92%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 13.46%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
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<div><br>
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<div style="MARGIN-BOTTOM: 3pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards&#8224; provided pursuant to Section 13(a) of the Exchange Act.&#160; &#160;&#160; <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">&#9744;</font></div>

<div style="MARGIN-BOTTOM: 3pt; MARGIN-TOP: 3pt"><br>
</div>

<div style="MARGIN-BOTTOM: 3pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">&#8224; The term "new or revised financial accounting standard" refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.</div>

<div style="MARGIN-BOTTOM: 3pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">&#160;</div>

<div style="MARGIN-BOTTOM: 3pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">&#160;</div>

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<div><br>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-TOP: 3pt; TEXT-INDENT: 36pt">Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;[&#160; ]</div>
</td>
<td style="WIDTH: 7.76%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 79.48%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">U.S. GAAP</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">[X]</div>
</td>
<td style="WIDTH: 7.76%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 79.48%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">International Financial Reporting Standards as issued by the international Accounting Standards Board</div>
</td>
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<td style="WIDTH: 12.77%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 7.76%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 79.48%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
</tr>

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<td style="WIDTH: 12.77%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;[&#160; ]</div>
</td>
<td style="WIDTH: 7.76%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 79.48%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Other</div>
</td>
</tr>
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</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-TOP: 3pt; TEXT-INDENT: 36pt">If "Other" has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">Item 17</div>
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<td style="WIDTH: 20.01%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">&#9744;</div>
</td>
<td style="WIDTH: 19.01%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 21.03%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;Item 18</div>
</td>
<td style="WIDTH: 19.95%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">&#9744;</div>
</td>
</tr>
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<div style="MARGIN-BOTTOM: 3pt; MARGIN-TOP: 3pt"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-TOP: 3pt; TEXT-INDENT: 36pt">If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">Yes</div>
</td>
<td style="WIDTH: 20.6%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">&#9744;</div>
</td>
<td style="WIDTH: 20.6%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 17.6%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">No</div>
</td>
<td style="WIDTH: 21.6%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; BACKGROUND-COLOR: #ffffff">&#9746;</font></div>
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<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">EXPLANATORY NOTE</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">TORM plc&#160;(the "Company") is filing this Amendment No. 1 (the "Amendment") to the Company's Annual Report on&#160;Form 20-F&#160;for the year ended December 31, 2017, filed with the Securities and Exchange Commission on&#160;March 8, 2018&#160;(the "Original Filing"), solely to file Exhibit 101 to the&#160;Form 20-F&#160;in accordance with Rule 405 of Regulation S-T. Exhibit 101 to this report provides the financial statements and related notes from the Form 20-F formatted in&#160;eXtensible&#160;Business Reporting Language ("XBRL") and amends "Item 19. Exhibits" to reflect the&#160;filing of Exhibit 101.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">This Amendment does not modify or update any other items or disclosures contained in the Original Filing and does not reflect events occurring after the date of the Original Filing. This Amendment consists solely of the cover page, this&#160;explanatory&#160;note, the&#160;exhibit index and the exhibits filed herewith.</div>

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<div style="MARGIN-BOTTOM: 12pt; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Item 19.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">List of Exhibits</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">1.1</div>
</td>
<td style="WIDTH: 89.78%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a href="http://www.sec.gov/Archives/edgar/data/1655891/000091957417008154/d7611444_ex1-1.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Memorandum and Articles of Association</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller"><u>(1)</u></sup></a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 89.78%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">2.1</div>
</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a href="http://www.sec.gov/Archives/edgar/data/1655891/000091957417008154/d7636292_ex2-1.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Form of Class A Common Share Certificate</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller"><u>(1)</u></sup></a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 89.78%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">2.2</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a href="http://www.sec.gov/Archives/edgar/data/1655891/000091957417008154/d7611412_ex2-2.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>B Share Minority Trust Deed, dated May 30, 2016</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller"><u>(1)</u></sup></a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">2.3</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a href="http://www.sec.gov/Archives/edgar/data/1655891/000091957417008154/d7636340_ex2-3.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Equity Warrant Instrument, dated March 15, 2016</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller"><u>(1)</u></sup></a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">4.1</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a href="http://www.sec.gov/Archives/edgar/data/1655891/000091957417008154/d7674503_ex4-1.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>The Working Capital Facility, dated July 13, 2015</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller"><u>(1)</u></sup></a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">4.2</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a href="http://www.sec.gov/Archives/edgar/data/1655891/000091957417008154/d7674823_ex4-2.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Term Facility 1, dated July 13, 2015</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller"><u>(1)</u></sup></a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">4.3</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a href="http://www.sec.gov/Archives/edgar/data/1655891/000091957417008154/d7674237_ex4-3.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>DSF Facility, dated September 20, 2017</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller"><u>(1)</u></sup></a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">4.4</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a href="http://www.sec.gov/Archives/edgar/data/1655891/000091957417008154/d7611628_ex4-4.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Registration Rights Agreement, dated April 14, 2016</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller"><u>(1)</u></sup></a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">4.5</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a href="http://www.sec.gov/Archives/edgar/data/1655891/000091957417008154/d7637056_ex4-5.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>CEXIM Facility, dated July 8, 2016</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller"><u>(1)</u></sup></a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">4.6</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a href="http://www.sec.gov/Archives/edgar/data/1655891/000091957417008154/d7636649_ex4-6.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Term Facility 2, dated January 6, 2017</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller"><u>(1)</u></sup></a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">4.7</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a href="http://www.sec.gov/Archives/edgar/data/1655891/000091957417008154/d7612213_ex4-7.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>TORM plc 2017 Management Long-Term Incentive Plan</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller"><u>(1)</u></sup></a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">4.8</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a href="http://www.sec.gov/Archives/edgar/data/1655891/000091957417008154/d7649420_ex4-8.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>ING Facility, dated September 8, 2017</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller"><u>(1)</u></sup></a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">4.9</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a href="http://www.sec.gov/Archives/edgar/data/1655891/000091957417008154/d7674759_ex4-9.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Amendment and Waiver Letter to Working Capital Facility and Term Facility 1, dated December 21, 2015</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller"><u>(1)</u></sup></a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">4.10</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a href="http://www.sec.gov/Archives/edgar/data/1655891/000091957417008154/d7674659_ex4-10.htm"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Amendment and Waiver Letter to Working Capital Facility and Term Facility 1, dated August 23, 2016</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller"><u>(1)</u></sup></a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">4.11</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif" href="http://www.sec.gov/Archives/edgar/data/1655891/000091957418002307/d7838384_ex4-11.htm">Term Sheet for ABN AMRO Facility, dated January 19, 2018*</a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">8.1</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif" href="http://www.sec.gov/Archives/edgar/data/1655891/000091957418002307/d7777548_ex8-1.htm">List of Subsidiaries*</a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">11.1</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif" href="http://www.sec.gov/Archives/edgar/data/1655891/000091957418002307/d7830775_ex11-1.htm">TORM's Business Principles*</a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">12.1</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif" href="http://www.sec.gov/Archives/edgar/data/1655891/000091957418002307/d7830775_ex12-1.htm">Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer*</a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 89.78%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">12.2</div>
</td>
<td style="WIDTH: 89.78%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif" href="http://www.sec.gov/Archives/edgar/data/1655891/000091957418002307/d7830775_ex12-2.htm">Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer*</a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<td style="WIDTH: 89.78%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">13.1</div>
</td>
<td style="WIDTH: 89.78%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif" href="http://www.sec.gov/Archives/edgar/data/1655891/000091957418002307/d7830775_ex13-1.htm">Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*</a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 89.78%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">13.2</div>
</td>
<td style="WIDTH: 89.78%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #0000ff; TEXT-ALIGN: justify"><a style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif" href="http://www.sec.gov/Archives/edgar/data/1655891/000091957418002307/d7830775_ex13-2.htm">Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*</a></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
</td>
<td style="WIDTH: 89.78%; VERTICAL-ALIGN: top">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">101.INS</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">XBRL Instance Document</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">101.SCH</div>
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<td style="WIDTH: 89.78%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">XBRL Taxonomy Extension Schema</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">101.CAL</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">XBRL Taxonomy Extension Schema Calculation Linkbase</div>
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<tr>
<td style="WIDTH: 10.22%; VERTICAL-ALIGN: top">
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">*Previously filed with the Original Filing.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">(1)</sup>&#160;These exhibits are incorporated by reference to the Company's Registration Statement on Form 20-F (Registration No. 001-38294), as amended, filed with the SEC on November 24, 2017.</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

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 &#160;</div>

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<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt">The registrant hereby certifies that it meets all of the requirements for filing on Form 20-F/A and has duly caused and authorized the undersigned to sign this Amendment No. 1 to its Annual Report on its behalf.</div>

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<div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Date: April 9, 2018</div>

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<trmd:VesselsAndCapitalizedDrydock contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">1294472000</trmd:VesselsAndCapitalizedDrydock>
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<ifrs-full:NoncurrentPrepayments contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="USD" decimals="-3">72600000</ifrs-full:NoncurrentPrepayments>
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<ifrs-full:PropertyPlantAndEquipment contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">1389650000</ifrs-full:PropertyPlantAndEquipment>
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<ifrs-full:PropertyPlantAndEquipment contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">180000000</ifrs-full:PropertyPlantAndEquipment>
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<ifrs-full:PropertyPlantAndEquipment contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-4">1697400000</ifrs-full:PropertyPlantAndEquipment>
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<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_BorrowingsByNameAxis_TermFacilityTwoMember" unitRef="USD" decimals="-6">0</ifrs-full:Borrowings><ifrs-full:LongtermBorrowings contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_BorrowingsByNameAxis_TermFacilityTwoMember" unitRef="USD" decimals="-6">0</ifrs-full:LongtermBorrowings>


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<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_BorrowingsByNameAxis_TermFacilityTwoMember" unitRef="USD" decimals="-6">0</ifrs-full:Borrowings><ifrs-full:LongtermBorrowings contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_BorrowingsByNameAxis_TermFacilityTwoMember" unitRef="USD" decimals="-6">0</ifrs-full:LongtermBorrowings>


<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_BorrowingsByNameAxis_IngFacilityMember" unitRef="USD" decimals="-6">0</ifrs-full:Borrowings><ifrs-full:LongtermBorrowings contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_BorrowingsByNameAxis_IngFacilityMember" unitRef="USD" decimals="-6">0</ifrs-full:LongtermBorrowings>


<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_BorrowingsByNameAxis_InterestBearingDebtMember" unitRef="USD" decimals="-6">672000000</ifrs-full:Borrowings>

<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">719100000</ifrs-full:Borrowings><ifrs-full:LongtermBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">629198000</ifrs-full:LongtermBorrowings>


<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_TermFacilityMember" unitRef="USD" decimals="-5">400800000</ifrs-full:Borrowings><ifrs-full:LongtermBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_TermFacilityMember" unitRef="USD" decimals="-5">400800000</ifrs-full:LongtermBorrowings>


<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_DsfFacilityMember" unitRef="USD" decimals="-5">74300000</ifrs-full:Borrowings><ifrs-full:LongtermBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_DsfFacilityMember" unitRef="USD" decimals="-5">74300000</ifrs-full:LongtermBorrowings>


<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_DsfFacilityThreeMember" unitRef="USD" decimals="-5">56500000</ifrs-full:Borrowings><ifrs-full:LongtermBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_DsfFacilityThreeMember" unitRef="USD" decimals="-5">56500000</ifrs-full:LongtermBorrowings>


<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_DsfFacilityFourMember" unitRef="USD" decimals="-5">26800000</ifrs-full:Borrowings><ifrs-full:LongtermBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_DsfFacilityFourMember" unitRef="USD" decimals="-5">26800000</ifrs-full:LongtermBorrowings>


<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_TermFacilityTwoMember" unitRef="USD" decimals="-5">115000000</ifrs-full:Borrowings><ifrs-full:LongtermBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_TermFacilityTwoMember" unitRef="USD" decimals="-5">115000000</ifrs-full:LongtermBorrowings>


<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_IngFacilityMember" unitRef="USD" decimals="-5">45800000</ifrs-full:Borrowings><ifrs-full:LongtermBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_IngFacilityMember" unitRef="USD" decimals="-5">45800000</ifrs-full:LongtermBorrowings>


<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_TermFacilityIMember" unitRef="USD" decimals="-6">401000000</ifrs-full:Borrowings>

<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_TermFacilityIIMember" unitRef="USD" decimals="-6">115000000</ifrs-full:Borrowings>

<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_BilateralLoanAgreementsMember_CategoriesOfRelatedPartiesAxis_DanishShipFinanceMember" unitRef="USD" decimals="-6">158000000</ifrs-full:Borrowings>

<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_BilateralLoanAgreementsMember_CategoriesOfRelatedPartiesAxis_IngMember" unitRef="USD" decimals="-6">46000000</ifrs-full:Borrowings>

<ifrs-full:Borrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_InterestBearingDebtMember" unitRef="USD" decimals="-6">719000000</ifrs-full:Borrowings>

<ifrs-full:NoncurrentFinanceLeaseLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">25294000</ifrs-full:NoncurrentFinanceLeaseLiabilities>
<ifrs-full:NoncurrentLiabilities contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">638879000</ifrs-full:NoncurrentLiabilities>
<ifrs-full:NoncurrentLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">699398000</ifrs-full:NoncurrentLiabilities>
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<ifrs-full:CurrentPortionOfLongtermBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">91720000</ifrs-full:CurrentPortionOfLongtermBorrowings>
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<ifrs-full:CurrentFinanceLeaseLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">2899000</ifrs-full:CurrentFinanceLeaseLiabilities>
<ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">28498000</ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers>
<ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">26150000</ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers>
<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">773000</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">1393000</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:CurrentLiabilities contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">151797000</ifrs-full:CurrentLiabilities>
<ifrs-full:CurrentLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">156127000</ifrs-full:CurrentLiabilities>
<ifrs-full:Liabilities contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">790676000</ifrs-full:Liabilities>
<ifrs-full:Liabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">855525000</ifrs-full:Liabilities>
<ifrs-full:EquityAndLiabilities contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">1571254000</ifrs-full:EquityAndLiabilities>
<ifrs-full:EquityAndLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">1646575000</ifrs-full:EquityAndLiabilities>
<trmd:EquityBeforeReorganization contextRef="Context_As_Of_31-Dec-2014T00_00_00" unitRef="USD" decimals="-3">469514000</trmd:EquityBeforeReorganization>
<trmd:EquityBeforeReorganization contextRef="Context_As_Of_31-Dec-2014T00_00_00_ComponentsOfEquityAxis_IssuedCapitalMember" unitRef="USD" decimals="-3">87986000</trmd:EquityBeforeReorganization>
<trmd:EquityBeforeReorganization contextRef="Context_As_Of_31-Dec-2014T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3">381528000</trmd:EquityBeforeReorganization>


<ifrs-full:IncreaseDecreaseThroughChangeInEquityOfSubsidiaries contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">14040000</ifrs-full:IncreaseDecreaseThroughChangeInEquityOfSubsidiaries>
<ifrs-full:IncreaseDecreaseThroughChangeInEquityOfSubsidiaries contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3">14040000</ifrs-full:IncreaseDecreaseThroughChangeInEquityOfSubsidiaries>
<ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">367778000</ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary>
<ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ComponentsOfEquityAxis_IssuedCapitalMember" unitRef="USD" decimals="-3">242000</ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary>
<ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3">367536000</ifrs-full:IncreaseDecreaseThroughAcquisitionOfSubsidiary>
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<ifrs-full:ShareIssueRelatedCost contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3">2723000</ifrs-full:ShareIssueRelatedCost>
<ifrs-full:PurchaseOfTreasuryShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">176000</ifrs-full:PurchaseOfTreasuryShares>
<ifrs-full:PurchaseOfTreasuryShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ComponentsOfEquityAxis_TreasurySharesMember" unitRef="USD" decimals="-3" id="Footnote-3_3">176000</ifrs-full:PurchaseOfTreasuryShares>
<ifrs-full:PurchaseOfTreasuryShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">2887000</ifrs-full:PurchaseOfTreasuryShares>
<ifrs-full:PurchaseOfTreasuryShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ComponentsOfEquityAxis_TreasurySharesMember" unitRef="USD" decimals="-3" id="Footnote-3_4">2887000</ifrs-full:PurchaseOfTreasuryShares>
<ifrs-full:PurchaseOfTreasuryShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">0</ifrs-full:PurchaseOfTreasuryShares>
<ifrs-full:ChangesInEquity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">506462000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ComponentsOfEquityAxis_IssuedCapitalMember" unitRef="USD" decimals="-3">242000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ComponentsOfEquityAxis_TreasurySharesMember" unitRef="USD" decimals="-3" id="Footnote-3_5">-176000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ComponentsOfEquityAxis_ReserveOfCashFlowHedgesMember" unitRef="USD" decimals="-3">1400000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ComponentsOfEquityAxis_ReserveOfExchangeDifferencesOnTranslationMember" unitRef="USD" decimals="-3">160000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3">504836000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">-195398000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ComponentsOfEquityAxis_IssuedCapitalMember" unitRef="USD" decimals="-3">-15000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ComponentsOfEquityAxis_TreasurySharesMember" unitRef="USD" decimals="-3" id="Footnote-3_6">-2711000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ComponentsOfEquityAxis_ReserveOfCashFlowHedgesMember" unitRef="USD" decimals="-3">-1010000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ComponentsOfEquityAxis_ReserveOfExchangeDifferencesOnTranslationMember" unitRef="USD" decimals="-3">-240000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3">-191422000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">10472000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ComponentsOfEquityAxis_ReserveOfCashFlowHedgesMember" unitRef="USD" decimals="-3">6919000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ComponentsOfEquityAxis_ReserveOfExchangeDifferencesOnTranslationMember" unitRef="USD" decimals="-3">360000</ifrs-full:ChangesInEquity>
<ifrs-full:ChangesInEquity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3">3193000</ifrs-full:ChangesInEquity>
<ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">-6564000</ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners>
<ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3">-6564000</ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners>
<ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">146000</ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners>
<ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3">146000</ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners>
<trmd:AcquisitionOfNonControllingInterest contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3" id="Footnote-6_1">-19235000</trmd:AcquisitionOfNonControllingInterest>
<trmd:AcquisitionOfNonControllingInterest contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ComponentsOfEquityAxis_IssuedCapitalMember" unitRef="USD" decimals="-3" id="Footnote-6_2">-15000</trmd:AcquisitionOfNonControllingInterest>
<trmd:AcquisitionOfNonControllingInterest contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ComponentsOfEquityAxis_TreasurySharesMember" unitRef="USD" decimals="-3" id="Footnote-6_3">176000</trmd:AcquisitionOfNonControllingInterest>
<trmd:AcquisitionOfNonControllingInterest contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3" id="Footnote-6_4">-19396000</trmd:AcquisitionOfNonControllingInterest>
<ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">2029000</ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions>
<ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3">2029000</ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions>
<ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">1880000</ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions>
<ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3">1880000</ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions>
<ifrs-full:DividendsPaid contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">25000000</ifrs-full:DividendsPaid>
<ifrs-full:DividendsPaid contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3">25000000</ifrs-full:DividendsPaid>
<ifrs-full:DividendsPaid contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">1240000</ifrs-full:DividendsPaid>
<ifrs-full:DividendsPaid contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ComponentsOfEquityAxis_RetainedEarningsMember" unitRef="USD" decimals="-3">1240000</ifrs-full:DividendsPaid>
<ifrs-full:ParValuePerShare contextRef="Context_As_Of_15-Apr-2016T00_00_00" unitRef="DKK_per_Share" decimals="0">15</ifrs-full:ParValuePerShare>
<ifrs-full:ParValuePerShare contextRef="Context_As_Of_15-Apr-2016T00_00_00" unitRef="USD_per_Share" decimals="2">0.01</ifrs-full:ParValuePerShare>
<ifrs-full:ParValuePerShare contextRef="Context_As_Of_26_Jan_2018T00_00_00_TO_26_Jan_2018T00_00_00_NonadjustingEventsAfterReportingPeriodAxis_MajorOrdinaryShareTransactionsMember_ClassesOfShareCapitalAxis_CommonClassASharesMember" unitRef="USD_per_Share" decimals="2">0.01</ifrs-full:ParValuePerShare>
<ifrs-full:ParValuePerShare contextRef="Context_As_Of_26_Jan_2018T00_00_00_TO_26_Jan_2018T00_00_00_NonadjustingEventsAfterReportingPeriodAxis_MajorOrdinaryShareTransactionsMember_ClassesOfShareCapitalAxis_CommonClassBSharesMember" unitRef="USD_per_Share" decimals="2">0.01</ifrs-full:ParValuePerShare>
<ifrs-full:ParValuePerShare contextRef="Context_As_Of_26_Jan_2018T00_00_00_TO_26_Jan_2018T00_00_00_NonadjustingEventsAfterReportingPeriodAxis_MajorOrdinaryShareTransactionsMember_ClassesOfShareCapitalAxis_CommonClassCSharesMember" unitRef="USD_per_Share" decimals="2">0.01</ifrs-full:ParValuePerShare>
<ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">-2762000</ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets>
<ifrs-full:AdjustmentsForDepreciationExpense contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">67327000</ifrs-full:AdjustmentsForDepreciationExpense>
<ifrs-full:AdjustmentsForDepreciationExpense contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">122215000</ifrs-full:AdjustmentsForDepreciationExpense>
<ifrs-full:AdjustmentsForDepreciationExpense contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">114451000</ifrs-full:AdjustmentsForDepreciationExpense>
<ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">185000000</ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss>
<ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">3572000</ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss>
<ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">202000</ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates>
<ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">176000</ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates>
<ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">3000</ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates>
<ifrs-full:AdjustmentsForFinanceIncome contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">992000</ifrs-full:AdjustmentsForFinanceIncome>
<ifrs-full:AdjustmentsForFinanceIncome contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">2814000</ifrs-full:AdjustmentsForFinanceIncome>
<ifrs-full:AdjustmentsForFinanceIncome contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">4255000</ifrs-full:AdjustmentsForFinanceIncome>
<ifrs-full:AdjustmentsForFinanceCosts contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">16926000</ifrs-full:AdjustmentsForFinanceCosts>
<ifrs-full:AdjustmentsForFinanceCosts contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">37333000</ifrs-full:AdjustmentsForFinanceCosts>
<ifrs-full:AdjustmentsForFinanceCosts contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">40601000</ifrs-full:AdjustmentsForFinanceCosts>
<ifrs-full:AdjustmentsForIncomeTaxExpense contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">1041000</ifrs-full:AdjustmentsForIncomeTaxExpense>
<ifrs-full:AdjustmentsForIncomeTaxExpense contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">760000</ifrs-full:AdjustmentsForIncomeTaxExpense>
<ifrs-full:AdjustmentsForIncomeTaxExpense contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">777000</ifrs-full:AdjustmentsForIncomeTaxExpense>
<trmd:OtherAdjustmentsForNon-CashItems contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">874000</trmd:OtherAdjustmentsForNon-CashItems>
<trmd:OtherAdjustmentsForNon-CashItems contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">7114000</trmd:OtherAdjustmentsForNon-CashItems>
<trmd:OtherAdjustmentsForNon-CashItems contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">-3696000</trmd:OtherAdjustmentsForNon-CashItems>
<ifrs-full:DividendsReceivedClassifiedAsOperatingActivities contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">200000</ifrs-full:DividendsReceivedClassifiedAsOperatingActivities>
<ifrs-full:DividendsReceivedClassifiedAsOperatingActivities contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">188000</ifrs-full:DividendsReceivedClassifiedAsOperatingActivities>
<ifrs-full:InterestReceivedClassifiedAsOperatingActivities contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">624000</ifrs-full:InterestReceivedClassifiedAsOperatingActivities>
<ifrs-full:InterestReceivedClassifiedAsOperatingActivities contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">2735000</ifrs-full:InterestReceivedClassifiedAsOperatingActivities>
<ifrs-full:InterestReceivedClassifiedAsOperatingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">1641000</ifrs-full:InterestReceivedClassifiedAsOperatingActivities>
<ifrs-full:InterestPaidClassifiedAsOperatingActivities contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">12364000</ifrs-full:InterestPaidClassifiedAsOperatingActivities>
<ifrs-full:InterestPaidClassifiedAsOperatingActivities contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">31385000</ifrs-full:InterestPaidClassifiedAsOperatingActivities>
<ifrs-full:InterestPaidClassifiedAsOperatingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">36698000</ifrs-full:InterestPaidClassifiedAsOperatingActivities>
<ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">584000</ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities>
<ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">1430000</ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities>
<ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">586000</ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities>
<ifrs-full:IncreaseDecreaseInWorkingCapital contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">-16870000</ifrs-full:IncreaseDecreaseInWorkingCapital>
<ifrs-full:IncreaseDecreaseInWorkingCapital contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">-8322000</ifrs-full:IncreaseDecreaseInWorkingCapital>
<ifrs-full:IncreaseDecreaseInWorkingCapital contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">12996000</ifrs-full:IncreaseDecreaseInWorkingCapital>
<ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">253964000</ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">119408000</ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">145112000</ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">-77544000</ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities>
<ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">17640000</ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">31382000</ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">93100000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">49256000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">175377000</ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities>
<trmd:ProceedsFromSaleAndLeasebackTransactions contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">30195000</trmd:ProceedsFromSaleAndLeasebackTransactions>
<ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">29214000</ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">142740000</ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">125487000</ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities>
<ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">3410000</ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities>
<ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">16724000</ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities>
<ifrs-full:DividendsPaidClassifiedAsFinancingActivities contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">25000000</ifrs-full:DividendsPaidClassifiedAsFinancingActivities>
<ifrs-full:DividendsPaidClassifiedAsFinancingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">1240000</ifrs-full:DividendsPaidClassifiedAsFinancingActivities>
<trmd:Acquisitionofnoncontrollinginterestofsubsidiary contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">19241000</trmd:Acquisitionofnoncontrollinginterestofsubsidiary>
<ifrs-full:PaymentsFromChangesInOwnershipInterestsInSubsidiaries contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">-14040000</ifrs-full:PaymentsFromChangesInOwnershipInterestsInSubsidiaries>
<ifrs-full:PaymentsForShareIssueCosts contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">2723000</ifrs-full:PaymentsForShareIssueCosts>
<trmd:PurchaseOrIssueOFtreasuryShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">176000</trmd:PurchaseOrIssueOFtreasuryShares>
<trmd:PurchaseOrIssueOFtreasuryShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">2887000</trmd:PurchaseOrIssueOFtreasuryShares>
<ifrs-full:IncreaseDecreaseInCashAndCashEquivalents contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">130202000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalents>
<ifrs-full:IncreaseDecreaseInCashAndCashEquivalents contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">-92287000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalents>
<ifrs-full:IncreaseDecreaseInCashAndCashEquivalents contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">58236000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalents>
<ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 1 &amp;#8211; ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;OVERVIEW OF BUSINESS&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;TORM plc is a shipping company, incorporated in the United Kingdom, which owns and operates a fleet of product tankers. Unless otherwise indicated, the terms "TORM plc," "we," "us," "our," the "Company" and the "Group" refer to TORM plc and its consolidated subsidiaries, which includes TORM A/S and its consolidated subsidiaries following the closing of the Exchange Offer (defined below). When used herein to describe events prior to the closing of the Exchange Offer, the terms "TORM A/S," "we," "us," "our," the "Company" and the "Group" refer to TORM A/S and its consolidated subsidiaries before such time. References to "Former TORM A/S" refer to TORM A/S and its consolidated subsidiaries prior to the Combination (defined below).&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;On March 27, 2015, TORM A/S, a company organized under the laws of Denmark, Oaktree Capital Management L.P., or Oaktree, and certain of TORM A/S' lenders entered into a restructuring agreement to recapitalize TORM A/S. The agreement included a mandatory and an optional debt cancellation of a part of TORM A/S' debt and required that OCM Njord Holdings S.&amp;#224; r.l., or Njord Luxco, a subsidiary of Oaktree, contribute OCM (Gibraltar) Njord Midco Ltd., or Njord, to TORM A/S in exchange for shares in TORM A/S. We refer to this transaction as the "Combination." The Combination was completed on July 13, 2015, the date on which Njord was transferred to TORM A/S, and comprised a part of a series of transactions, discussed more fully herein, which together we refer to as the "2015 Restructuring." We refer to the consummation of the 2015 Restructuring on July 13, 2015 as the Restructuring Completion Date.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Combination was accounted for as a reverse acquisition, based on guidance in IFRS 3 "Business Combinations", under the acquisition method of accounting, with Njord considered to be the accounting acquirer of TORM A/S and the continuing reporting entity, though TORM A/S continued as the legal entity (we refer to Njord and Former TORM A/S, including their respective subsidiaries, together as the "Combined Group"). This was largely due to the fact that following the acquisition, Njord Luxco held 62% of the voting rights in TORM A/S (excluding the additional voting rights associated with the TORM A/S C-share, which relates to election and dismissal of members of our Board of Directors and certain amendments to our Articles of Association), was exposed to variable returns from involvement with the Combined Group and had the ability to use its control to affect the amount of the Group's return.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans:
 2;
 letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;On 15 April 2016, a new corporate structure was established, whereby TORM plc effectively acquired all of the outstanding A-shares of TORM A/S (referred to herein as Danish A-shares) in exchange for TORM plc's securities. A total of 97.6% of TORM A/S' shareholders exchanged their shareholdings to TORM plc, and TORM plc acquired the remaining 2.4% shares from TORM A/S' minority shareholders in a statutory squeeze-out transaction under the Danish Companies Act for a total cash consideration of USD 19.2m.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;In addition and in connection with the exchange of the Danish A-shares, all TORM A/S warrant holders exchanged their warrants on a one-for-one basis for warrants of TORM plc. We refer to these transactions collectively as the "Exchange Offer." On 19 April 2016, upon the closing of the Exchange Offer, TORM plc became the Group's publicly-held parent company incorporated under the laws of England and Wales. We refer to this as the "Redomiciliation". The Redomiciliation was accounted for as an internal reorganization of entities under common control and, therefore, the assets and liabilities of TORM A/S were accounted for at their historical cost basis and not revalued in the transaction.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Corporate Reorganization is accounted for as a capital restructuring, where the assets and liabilities of TORM A/S and its subsidiaries are accounted for at their historical cost basis and not revalued at market value.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The consolidated financial statements for the TORM Group are presented in the legal name of TORM plc, but are a continuation of the financial statements of TORM A/S with a retroactive adjustment of the legal capital of the legal parent (TORM plc). The consolidated financial results reflect the activities for TORM A/S only for 2015 and the period from 1 January 2016 until 15 April 2016, whereas the remaining period of 2016 and all of 2017 reflects the combined activity of TORM plc and TORM A/S.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The impact on equity in 2016 of the Corporate Reorganization reflected the accumulated deficit of TORM plc at that date and the squeeze-out transaction impact of USD 19.2m.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;TORM plc is listed on the stock exchange NASDAQ
 Copenhagen,
 Denmark and on NASDAQ New York, United States.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;BASIS OF PREPARATION&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The consolidated financial statements of the Group have been prepared in accordance with the International Financial Reporting Standards ("IFRS") as adopted by the EU and as issued by the International Accounting Standards Board ("IASB").&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The consolidated financial statements have been prepared on a going concern basis and under the historical cost convention except where fair value accounting is specifically required by IFRS.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The functional currency is USD, and the Company applies USD as presentation currency in the preparation of the consolidated financial statements.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;GOING CONCERN&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;As of 31 December 2017, TORM's cash position was USD 134m, TORM's net debt was USD 620m (of which USD 271m was undrawn) and the net interest-bearing debt loan-to-value ratio was 55.8%. In January 2018 the Group's financial position was further strengthened via an equity raise of USD 100m. Further information on the Group's objectives and policies for managing its capital, its financial risk management objectives and its exposure to credit and liquidity risk can be found in note 20 to the financial statements.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Group monitors its funding position throughout the year to ensure that it has access to sufficient funds to meet its forecast cash requirements, including newbuilding and loan commitments, and to monitor compliance with the financial covenants within its loan facilities, details of which
 are in note 2 to the
 financial statements. Sensitivity calculations are run to reflect different scenarios including, but not limited to, future freight rates and vessel valuations in order to identify risks to future liquidity and covenant compliance and to enable Management to take corrective actions, if required.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Board of Directors has considered the Group's cash flow forecasts and the expected compliance with the Company's financial covenants for a period of not less than 12 months from the date of approval of these financial statements. Based on this review, the Board of Directors has a reasonable expectation that, taking into account reasonably possible changes in trading performance and vessel valuations, the Group will be able to continue in operational existence and comply with its financial covenants for the foreseeable future. Accordingly, the Group continues to adopt the going concern basis in preparing its financial statements.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;ADOPTION OF NEW OR AMENDED IFRSS&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;TORM has implemented the following standard amendments issued by IASB and adopted by the EU and the interpretations in the consolidated financial statements for 2017:&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Amendments to IAS 7: "Disclosure initiative"&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Amendments to IAS 12 "Recognition of Deferred Tax Assets for Unrealised Losses"&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Amendments to IFRS 12 included in Annual Improvements to IFRS Standards 2014-2016 Cycle&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The implementation of the standard amendments and improvements had no significant impact on the Group's financial statements.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space:
 normal; orphans: 2;
 letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;ACCOUNTING STANDARDS AND INTERPRETATIONS NOT YET ADOPTED&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;IASB has issued a number of new or amended accounting standards (IFRS) and interpretations (IFRIC) that have not yet come into effect:&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Amendments to IFRS 2 "Classification and Measurement of Share-based Payment Transactions". Effective date is 1 January 2018. The Company has evaluated the impact of this standard on the financial statements as insignificant.&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;IFRS 9 "Financial Instruments". The effective date of the standard is 1 January 2018. The standard and subsequent amendments will substantially change the classification and measurement of financial instruments and hedging requirements. Furthermore, IFRS 9 changes the recognition of credit losses from "incurred losses" to "expected losses". TORM has assessed the new requirement and concludes that the effect of the change will be insignificant, as TORM historically has had very limited actual incurred losses on receivables. The changes in the standard regarding classification will not change the measurement of the majority of financial assets from amortized cost except from derivatives that also under IFRS 9 will be measured at fair value through profit &amp;amp; loss unless cash flow hedge accounting is applied.&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;IFRS 15 "Revenue from Contracts with Customers". The effective date is 1 January 2018. The standard will change the recognition pattern of revenue. The change in revenue recognition will go from recognizing from "discharge-to-discharge" to "load-to-discharge". The cumulative effect of adopting the standard as at 1 January 2018 was a reduction in total equity of USD 1m. As this is not considered material the impact will be reflected in the results of the group for the year ending 31 December 2018 and prior periods will not be restated.&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;IFRS 16 "Leases". The effective date is 1 January 2019. The standard will change the recognition of leases. The standard is not expected to have a material impact on the TORM Group as TORM mainly operates owned vessels. It will however result in a right of use asset and related lease liability being recorded for
 certain (mostly property
 related) leases which are currently treated as operating leases. It will also result in a reclassification of costs associated with these operating leases from "Administrative expenses" (operating leases) to either "Depreciations" or "Financial expenses".&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;ACCOUNTING POLICIES&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Consolidation principles&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The consolidated financial statements comprise the financial statements of the Parent Company, TORM plc, and entities controlled by the Company and its subsidiaries. Control is achieved when the Company:&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;has the power over the investee; and&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;is exposed, or has the right to variable returns from involvement with the investee; and&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;has the ability to use its power to affect its returns&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Company should reassess whether it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;When the Company has less than a majority of the voting rights of an investee, it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities unilaterally. The Company considers all facts and circumstances in
 assessing whether or not the
 Company's voting rights in an investee are sufficient to give it power, including:&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;the size of the Company's holding of voting rights relative to the size and dispersion of holdings of the other vote holders&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;potential voting rights held by the Company, other vote holders or other parties&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;rights arising from other contractual arrangements, and&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;any additional facts and circumstances that indicate that the Company has, or does not have, the current ability to direct the relevant activities at the time when decisions need to be made, including voting pattern at previous shareholders' meetings&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Entities in which the Group exercises significant but not controlling influence are regarded as associated companies and are accounted for using the equity method.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Companies which are managed jointly by agreement with one or more companies and therefore are subject to joint control (joint ventures) are accounted for using the equity method.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and ends when the Company loses control over the subsidiary. Specifically, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated income statement and other comprehensive income from the date on which the Company obtains control until the date when the Company loses control over the subsidiary.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&amp;#160;&lt;/div&gt;&lt;div
 style="text-align: left; widows: 2;
 text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The consolidated financial statements are prepared on the basis of the financial statements of the Parent Company, its subsidiaries and the Company's share of the income statement and balance sheet of joint operations by combining items of a uniform nature and eliminating intercompany transactions, balances and shareholdings as well as realized and unrealized gains and losses on transactions between the consolidated entities. The financial statements used for consolidation purposes are prepared in accordance with the Company's accounting policies.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The consolidated financial statements following a reverse acquisition are issued under the name of the legal parent (accounting acquiree) but as a continuation of the financial statements of the legal subsidiary (accounting acquirer). The accounting acquirer's legal capital is adjusted retrospectively to reflect the legal capital of the accounting acquiree. Comparative information is adjusted accordingly.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Business combinations&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Newly acquired or formed entities are recognized in the consolidated financial statements from the date of acquisition or formation. The date of acquisition is the date on which control over the entity is effectively transferred.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Business combinations are accounted for by applying the purchase method, whereby the acquired entities' identifiable assets, liabilities and contingent liabilities are measured at fair value at the acquisition date. The tax effect of the revaluation activities is also taken into account. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the amount of that adjustment is included in the cost of the combination if the event is probable and the adjustment can be measured reliably. Costs of issuing debt or equity instruments in connection with a business combination are accounted for together with the debt or equity issuance. All other costs associated with the acquisition are expensed in the income statement.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style:
 initial; text-decoration-color: initial;"&gt;In
 reverse acquisitions the purchase price of a business combination is measured as the fair value of the consideration agreed upon. The purchase price in a reverse acquisition is calculated as the fair value of the interest in the accounting acquirer that the existing shareholders of the accounting acquiree would have received, had the business combination not been a reverse acquisition.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The excess of the cost of the business combination over the fair value of the acquired assets, liabilities and contingent liabilities is recognized as goodwill under intangible assets and is tested for impairment at least once every year. Upon acquisition, goodwill is allocated to the cash generating units, which subsequently form the basis for the impairment test. If the fair value of the acquired assets, liabilities and contingent liabilities exceeds the cost of the business combination, the identification of assets and liabilities and the processes of measuring the fair value of the assets and liabilities and the cost of the business combination are reassessed. If the fair value of the business combination continues to exceed the cost, the resulting gain is recognized in the income statement.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Foreign currencies&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The functional currency of all significant entities, including subsidiaries and associated companies, is United State dollars (USD), because the Company's vessels operate in international shipping markets, in which income and expenses are settled in USD, and because the Companies most significant assets and liabilities in the form of vessels and related liabilities are denominated in USD. Transactions in currencies other than the functional currency are translated into the functional currency at the transaction date. Cash, receivables and payables and other monetary items denominated in currencies other than the functional currency are translated into the functional currency at the exchange rate at the balance sheet date. Gains or losses due to differences between the exchange rate at the transaction date and the exchange rate at the settlement date or the balance sheet date are recognized in the income statement under "Financial income" and "Financial expenses".&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;An exchange rate gain or loss relating to a non-monetary item carried at fair value is recognized in the same line as the fair value adjustment.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The
 reporting currency of the Company is USD. Upon recognition
 of entities with functional currencies other than USD, the financial statements are translated into USD. Income statement items are translated into USD at the average exchange rates for the year, whereas balance sheet items are translated at the exchange rates as of the balance sheet date. Exchange differences arising from the translation of financial statements into USD are recognized as a separate component through other comprehensive income. On the disposal of an entity, the cumulative amount of the exchange differences recognized in the separate component of equity relating to that entity is transferred to the income statement as part of the gain or loss on disposal.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Derivative financial instruments&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Derivative financial instruments, primarily forward currency exchange contracts, forward freight agreements and forward contracts regarding bunker purchases, are entered to hedge future committed or anticipated transactions. TORM applies hedge accounting under the specific rules on cash flow hedges when appropriate.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Derivative financial instruments are initially recognized in the balance sheet at fair value at the date when the derivative contract is entered into and are subsequently measured at their fair value as other receivables or other liabilities, respectively.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Changes in the fair value of derivative financial instruments that are designated as cash flow hedges and deemed to be effective are recognized directly in "Other comprehensive income". When the hedged transaction is recognized in the income statement, the cumulative value adjustment recognized in "Other comprehensive income" is transferred to the income statement and included in the same line as the hedged transaction. However, when the hedged transaction results in the recognition of a fixed asset, the gains and losses previously accumulated in "Other comprehensive income" are transferred from "Other comprehensive income" and included in the initial measurement of the cost of the fixed asset. Changes in the fair value of a portion of a hedge deemed to be ineffective are recognized in the income statement.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Changes in the fair value of derivative financial instruments that are not designated as hedges are recognized in the income statement. While effectively reducing cash flow risk in accordance with the Company's risk management policy, interest rate swaps with cap features and certain forward freight agreements and forward contracts regarding bunker purchases do not qualify for hedge accounting. Changes in fair value of these derivate financial instruments are therefore recognized in the income statement under "Financial income" or "Financial expenses" for interest rate swaps with cap features, under "Revenue"
 for forward freight agreements and under "Port expenses, bunkers and
 commissions" for forward bunker contracts.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Segment information&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;In 2015, TORM consisted of two business segments: The Tanker Segment and Bulk Segment. Due to divestment of the Bulk Segment during 2015, only the Tanker Segment remains for 2016 and 2017.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The segmentation is based on the Group's internal management and reporting structure. In the Tanker Segment, the services provided primarily comprise transportation of refined oil products such as gasoline, jet fuel and naphtha.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Group has only one geographical segment, because the Company considers the global market as a whole, and as the individual vessels are not limited to specific parts of the world. Furthermore, the internal management reporting does not provide such information. Consequently, it is not possible to provide geographical segment information on revenue from external customers or non-current segment assets.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The segment income statement comprises income and expenses which are directly attributable to the segment. Not allocated items primarily comprise assets and liabilities as well as revenues and expenses relating to the Company's administrative functions and investment activities, including cash and bank balances, interest-bearing debt, income tax, deferred tax, etc.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The accounting policies applied for the segments regarding recognition and measurement are consistent with the policies for TORM as described in this note.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;
 text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align:
 left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Employee benefits&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Wages, salaries, social security contributions, holiday and sick leave, bonuses and other monetary and non-monetary benefits are recognized in the year in which the employees render the associated services. Please also refer to the accounting policy for share-based payment.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Pension plans&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Group has entered into defined contribution plans only. Pension costs related to defined contribution plans are recorded in the income statement in the year to which they relate.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Leases&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Agreements to charter in vessels and to lease other plant and operating equipment for which TORM substantially has all the risks and rewards of ownership are recognized in the balance sheet as finance leases. Lease assets are measured at the lower of fair value and the present value of minimum lease payments determined in the leases.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;For the purpose of calculating the present value, the interest rate implicit in the lease or an incremental borrowing rate is used as discount factor. The lease assets are depreciated and written down under the same accounting policy as the vessels owned by the Company or over the lease period depending on the lease terms.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The corresponding lease obligation is recognized as a liability in the balance sheet, and the interest element of the lease payment is charged to the income statement as incurred.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color:
 #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal;
 orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other charter agreements concerning vessels and other leases are classified as operating leases, and lease payments are charged to the income statement on a straight-line basis over the lease term. The obligation for the remaining lease term is disclosed in the notes to the financial statements.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Agreements to charter out vessels for which substantially all the risks and rewards of ownership are transferred to the lessee are classified as finance leases, and an amount equal to the net investment in the lease is recognized and presented in the balance sheet as a receivable. The carrying amount of the vessel is derecognized, and any gain or loss on disposal is recognized in the income statement. Other agreements to charter out vessels are classified as operating leases, and lease income is recognized in the income statement on a straight-line basis over the lease term.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;INCOME STATEMENT&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Revenue&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Income is recognized in the income statement when:&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;The income generating activities have been carried out on the basis of a binding agreement&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;The income can be
 measured reliably&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff;
 font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;It is probable that the economic benefits associated with the transaction will flow to the Company&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Costs relating to the transaction can be measured reliably&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Revenue comprises freight, charter hire and demurrage revenues from the vessels and gains and losses on forward freight agreements designated as hedges. Revenue is recognized when it meets the general criteria mentioned above, and when the stage of completion can be measured reliably. Accordingly, freight, charter hire and demurrage revenue are recognized at selling price upon delivery of the service as per the charter parties concluded.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Cross-over voyages&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Revenue is recognized upon delivery of services in accordance with the terms and conditions of the charter parties. For cross-over voyages (voyages in progress at the end of a reporting period), the uncertainty and the dependence on estimates are greater than for finalized voyages. The Company recognizes a percentage of the estimated revenue for the voyage equal to the percentage of the estimated duration of the voyage completed at the balance sheet date. The estimate of revenue is based on the expected duration and destination of the voyage. Voyage expenses are recognized as incurred.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;When recognizing revenue, there is a risk that the actual number of days it takes to complete the voyage will differ from the estimate, and for time charter parties a lower day rate may have been agreed for additional days. The contract for a single voyage may state several alternative destination ports. The destination port may change during the voyage, and the rate may vary depending on the destination port. Changes to the estimated duration of the voyage as well as changing destinations and weather conditions will affect the voyage expenses.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Demurrage revenue&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal;
 text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color:
 #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Freight contracts contain conditions regarding the amount of time available for loading and discharging of the vessel. If these conditions are breached, TORM is compensated for the additional time incurred in the form of demurrage revenue. Demurrage revenue is recognized upon delivery of services in accordance with the terms and conditions of the charter parties. Upon completion of the voyage, the Company assesses the time spent in port, and a demurrage claim based on the relevant contractual conditions is submitted to the charterers.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The claim will often be met by counterclaims due to differences in the interpretation of the agreement compared to the actual circumstances of the additional time used. Based on previous experience, 95% of the demurrage claim submitted is recognized as demurrage revenue upon initial recognition. The Company receives the demurrage payment upon reaching final agreement on the amount, which on average is approximately 100 days after the original demurrage claim was submitted. Any adjustments to the final agreement are recognized as demurrage revenue.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Port expenses, bunkers and commissions&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Port expenses, bunker fuel consumption and commissions are recognized as incurred. Gains and losses on forward bunker contracts designated as hedges and write-down and provisions for losses on freight receivables are included in this line.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Freight and bunker derivatives&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Freight and bunker derivatives comprise fair value adjustments and gains and losses on forward freight agreements, forward bunker contracts and other derivative financial instruments directly relating to shipping activities which are not designated as hedges. The freight and bunker derivatives that qualify for hedge accounting are recognized in Revenue and Port expense, bunkers and commissions respectively, as the hedging instrument is realized.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif;
 white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px;
 font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Charter hire&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Charter hire comprises expenses related to the chartering in of vessels under operating leases which have been incurred in order to achieve the net revenue for the year.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Operating expenses&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Operating expenses, which comprise crew expenses, repair and maintenance expenses and tonnage duty, are expensed as incurred.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Profit from sale of vessels&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Profit from sale of vessels is recognized when the significant risks and rewards of ownership have been transferred to the buyer, representing the difference between the sales price less cost to sell and the carrying value of the vessel.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Administrative expenses&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Administrative expenses, which comprise administrative staff costs, management costs, office expenses and other expenses relating to administration, are expensed as incurred.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other operating expenses&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal;
 -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other operating expenses primarily comprise chartering
 commissions and management fees paid to commercial and technical managers for managing the fleet and to a lesser extent profits and losses deriving from the disposal of other plant and operating equipment.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Depreciation and impairment losses&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Depreciation and impairment losses comprise depreciation of tangible fixed assets for the year as well as the write-down of the value of assets by the amount by which the carrying amount of the asset exceeds its recoverable amount. In the event of indication of impairment, the carrying amount is assessed, and the value of the asset is written down to its recoverable amount equal to the higher of value in use based on net present value of future earnings from the assets and its fair value less cost to sell.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Financial income&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Financial income comprises interest income, realized and unrealized exchange rate gains relating to transactions in currencies other than the functional currency, realized gains from other equity investments and securities, unrealized gains from securities, dividends received and other financial income including value adjustments of certain financial instruments not accounted for as hedges of future transactions.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Interest is recognized in accordance with the accrual basis of accounting taking into account the effective interest rate. Dividends from other investments are recognized when the right to receive payment has been decided, which is typically when the dividend has been declared and can be received without conditions.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Financial expenses&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal;
 color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;
 text-decoration-style: initial; text-decoration-color: initial;"&gt;Financial expenses comprise interest expenses, financing costs of finance leases, realized and unrealized exchange rate losses relating to transactions in currencies other than the functional currency, realized losses from other equity investments and securities, unrealized losses from securities and other financial expenses including value adjustments of certain financial instruments not accounted for as hedges of future transactions.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Interest is recognized in accordance with the accrual basis of accounting taking into account the effective interest rate.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Tax&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Tax expenses comprise the expected tax including tonnage tax on the taxable income for the year for the Group, adjustments relating to previous years and the change in deferred tax for the year. However, tax relating to items in other comprehensive income is recognized directly in the statement of other comprehensive income.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;BALANCE SHEET&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Goodwill&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Goodwill is measured as the excess of the cost of the business combination over the fair value of the acquired assets, liabilities and contingent liabilities and is recognized as an asset under intangible assets. Goodwill is not amortized as it is considered to have an indefinite useful life, but the recoverable amount of goodwill is assessed at least once a year. For impairment testing purposes, goodwill is on initial recognition allocated to the cash generating unit expected to benefit from the synergies of the combination. If the recoverable amount of the cash generating unit is less than the carrying amount of the unit, the impairment loss is first allocated to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on
 the basis of the carrying amount of each asset in the unit. An impairment loss for goodwill is not reversed in a subsequent period.&lt;/div&gt;&lt;div style="widows: 2;
 text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Vessels&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Vessels are measured at cost less accumulated depreciation and accumulated impairment losses. Cost comprises acquisition cost and costs directly related to the acquisition up until the time when the asset is ready for use, including interest expenses incurred during the period of construction based on the loans obtained for the vessels. All major components of vessels except for dry-docking costs are depreciated on a straight-line basis to the estimated residual value over their estimated useful lives, which TORM estimates to be 25 years. The Company considers that a 25-year depreciable life is consistent with what is used by other shipowners with comparable tonnage. Depreciation is based on cost less the estimated residual value. Residual value is estimated as the lightweight tonnage of each vessel multiplied by scrap value per ton. The useful life and the residual value of the vessels are reviewed at least at each financial year-end based on market conditions, regulatory requirements and the Company's business plans.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Company also evaluates the carrying amounts to determine if events have occurred that indicate impairment and would require a modification of the carrying amounts. Prepayment on vessels is measured at costs incurred.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Dry-docking&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Approximately every 30 and 60 months, depending on the nature of work and external requirements, the vessels are required to undergo planned dry-dockings for replacement of certain components, major repairs and major maintenance of other components, which cannot be carried out while the vessels are operating. These dry-docking costs are capitalized and depreciated on a straight-line basis over the estimated period until the next dry-docking. The residual value of such components is estimated at nil. The useful life of the dry-docking costs is reviewed at least at each financial year-end based on market conditions, regulatory requirements and TORM's business plans.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px;
 font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;A portion of the cost of
 acquiring a new vessel is allocated to the components expected to be replaced or refurbished at the next dry-docking. Depreciation hereof is carried over the period until the next dry-docking. For newbuildings, the initial dry-docking asset is estimated based on the expected costs related to the first-coming dry-docking, which again is based on experience and past history of similar vessels. For second-hand vessels, a dry-docking asset is also segregated and capitalized separately, taking into account the normal docking intervals of the vessels.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;At subsequent dry-dockings, the costs comprise the actual costs incurred at the dry-docking yard. Dry-docking costs may include the cost of hiring crews to carry out replacements and repairs, the cost of parts and materials used, cost of travel, lodging and supervision of Company personnel as well as the cost of hiring third-party personnel to oversee a dry-docking. Dry-docking activities include, but are not limited to, the inspection, service on turbocharger, replacement of shaft seals, service on boiler, replacement of hull anodes, applying of anti-fouling and hull paint, steel repairs as well as refurbishment and replacement of other parts of the vessel.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other plant and operating equipment&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Operating equipment is measured at cost less accumulated depreciation.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Computer equipment is depreciated on a straight-line basis over three years, and other operating equipment is depreciated on a straight-line basis over five years.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Leasehold improvements are measured at cost less accumulated amortization and impairment losses, and leasehold improvements are amortized on a straight-line basis over the shorter of the term of the lease and the estimated useful life. Cost comprises acquisition cost and costs directly related to the acquisition up until the time when the asset is ready for use.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal;
 -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Investments in joint ventures&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color:
 #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Investments in joint ventures comprise investments in companies which by agreement are managed jointly with one or more companies and therefore are subject to joint control and in which the parties have rights to the net assets of the joint venture. Joint ventures are accounted for using the equity method. Under the equity method, the investment in joint ventures is initially recognized at cost and thereafter adjusted to recognize TORM's share of the profit or loss in the joint venture. When TORM's share of losses in a joint venture exceeds the investment in the joint venture, TORM discontinues recognizing its share of further losses. Additional losses are recognized only to the extent that TORM has incurred legal or constructive obligations or made payments on behalf of the joint venture.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Financial assets&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Financial assets are initially recognized at the settlement date at fair value plus transaction costs, except for financial assets at fair value through profit or loss, which are recognized at fair value. Financial assets are derecognized when the rights to receive cash flows from the assets have expired or have been transferred.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Financial assets are classified as:&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Financial assets at fair value through profit or loss&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Loans and receivables&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Available-for-sale financial assets&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2;
 letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color:
 initial;"&gt;Other investments&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other investments comprise shares in other companies and are classified as available-for-sale. Listed shares are measured at the market value at the balance sheet date, and unlisted shares are measured at estimated fair value. Unrealized gains and losses resulting from changes in fair value of shares are recognized in "Other comprehensive income". Realized gains and losses resulting from sales of shares are recognized as "Financial income" or "Financial expenses" in the income statement. The cumulative value adjustment recognized in "Other comprehensive income" is transferred to the income statement when the shares are sold. Dividends on shares in other companies are recognized as "Financial income" in the period in which they are declared.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other investments are presented as non-current, unless Management intends to dispose of the investments within 12 months from the balance sheet date.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Receivables&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Outstanding freight receivables and other receivables that are expected to be realized within 12 months from the balance sheet date are classified as loans and receivables and presented as current assets.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Receivables are measured at the lower of amortized cost and net realizable values, which corresponds to nominal value less provision for bad debts. Derivative financial instruments included in other receivables are measured at fair value.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Provisions for bad debt&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Provision for bad debt is defined as the write off of certain accounts receivable assessed as being uncollectible. The assessment is based on historical experience and on an individual basis.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style:
 normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps:
 normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Impairment of assets&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Non-current assets are reviewed at least annually to determine any indication of impairment due to a significant decline in either the assets' market value or in the cash flows generated by the assets. In case of such indication, the recoverable amount of the asset is estimated as the higher of the asset's fair value less costs to sell and its value in use. The value in use is the present value of the future cash flows expected to derive from a cash generating unit, utilizing a pre-tax discount rate that reflects current market estimates of the time value of money and the risks specific to the unit for which the estimates of future cash flows have not been adjusted. If the recoverable amount is less than the carrying amount of the cash generating unit, the carrying amount is reduced to the recoverable amount. The impairment loss is recognized immediately in the income statement. Where an impairment loss subsequently reverses, the carrying amount of the cash generating unit is increased to the revised estimate of the recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined, had no impairment loss been recognized in prior years.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;For the purpose of assessing impairment, assets and time charter- and bareboat contracts are grouped at the lowest levels at which impairment is monitored for internal management purposes. There were two cash generating units in 2015, the Tanker Segment and the Bulk Segment. In 2017 and 2016, there was only one cash generating unit as the Bulk Segment was wound down in 2015.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Bunkers&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Bunkers and luboil are stated at the lower of cost and net realizable value. Cost is determined using the FIFO method and includes expenditures incurred in acquiring the bunkers and luboil and delivery cost less discounts.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Assets held-for-sale&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times,
 serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial;
 text-decoration-color: initial;"&gt;Assets are classified as held-for-sale if the carrying amount will be recovered principally through a sales transaction rather than through continuing use. This condition is regarded as met only when the asset is available for immediate sale in its present condition subject to terms that are usual and customary for sales of such assets, and when its sale is highly probable. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one year from the date of classification.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Assets held-for-sale are measured at the lower of their previous carrying amount and fair value less costs to sell.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Gains are recognized on delivery to the new owners in the income statement in the item "Profit from sale of vessels". Anticipated losses are recognized at the time the asset is classified as held-for-sale in the item "Impairment losses on tangible and intangible assets".&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Treasury shares&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Treasury shares are recognized as a separate component of equity at cost. Upon subsequent disposal of treasury shares, any consideration is also recognized directly in equity.&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Share-based payments&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Group makes equity settled share-based payments to certain employees, which are measured at fair value at the date of grant and expensed on a straight-line basis over the vesting period, based on the Group's estimate of shares that will eventually vest. The fair value of the share schemes is calculated using the Black Scholes method at grant date.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new
 roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial;
 text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Dividend&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Dividend is recognized as a liability at the time of declaration. Dividend proposed for the year is moved from "Retained profit" and presented as a separate component of equity.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Provisions&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Provisions are recognized when the Company has a legal or constructive obligation as a result of past events, and when it is probable that this will lead to an outflow of resources that can be reliably estimated. Provisions are measured at the estimated liability that is expected to arise, taking into account the time value of money.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Deferred tax&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. In addition, the deferred tax also constitutes the reserve in relation to the transition balance in connection with the Danish tonnage tax scheme.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realized, based on the laws that have been enacted by the balance sheet date. The deferred tax is charged through the income statement except when it relates to other comprehensive income items.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style:
 initial; text-decoration-color: initial;"&gt;Mortgage debt and bank loans&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2;
 letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;At the time of borrowing, mortgage debt and bank loans are measured at fair value less transaction costs. Mortgage debt and bank loans are subsequently measured at amortized cost. This means that the difference between the net proceeds at the time of borrowing and the nominal amount of the loan is recognized in the income statement as a financial expense over the term of the loan applying the effective interest method.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;When terms of existing financial liabilities are renegotiated, or other changes regarding the effective interest rate occur, TORM performs a test to evaluate whether the new terms are substantially different from the original terms. If the new terms are substantially different from the original terms, TORM accounts for the change as an extinguishment of the original financial liability and the recognition of a new financial liability. TORM considers the new terms to be substantially different from the original terms if the present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective interest rate, is at least 10% different from the discounted present value of the remaining cash flows of the original financial liability.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other liabilities&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other liabilities are generally measured at amortized cost. Derivative financial instruments included in other liabilities are measured at fair value.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;CASH FLOW STATEMENT&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The cash flow statement shows the Company's cash flows as well as cash and cash equivalents at the beginning and the end of the period.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400;
 word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Cash flow from operating activities is presented using the indirect method and is based on net profit/(loss) for the year
 adjusted for tax, financial income and expenses, net profit/(loss) from sale of vessels, non-cash operating items, changes in working capital, income tax paid, dividends received and interest paid/received.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Cash flow from investing activities comprises the purchase and sale of tangible fixed assets and financial assets as well as cash from business combinations.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Cash flow from financing activities comprises changes in long-term debt, bank loans, finance lease liabilities, purchases or sales of treasury shares and dividend paid to shareholders.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Cash and cash equivalents comprise cash at bank and in hand including restricted cash. Other investments are classified as investing activities.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;EARNINGS PER SHARE&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Basic earnings per share is calculated by dividing the consolidated net profit/(loss) for the year available to common shareholders by the weighted average number of common shares outstanding during the period. Treasury shares are not included in the calculation. Purchases of treasury shares during the period are weighted based on the remaining period.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Diluted earnings per share is calculated by adjusting the consolidated profit or loss available to common shareholders and the weighted average number of common shares outstanding for the effects of all potentially dilutive shares. Such potentially dilutive common shares are excluded when the effect of including them would be to increase earnings per share or reduce a loss per share.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2;
 letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform:
 none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The preparation of financial statements in accordance with IFRS requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and assumptions are affected by the way TORM applies its accounting policies. An accounting estimate is considered critical if the estimate requires Management to make assumptions about matters subject to significant uncertainty, if different estimates could reasonably have been used, or if changes in the estimate that would have a material impact on the Company's financial position or results of operations are reasonably likely to occur from period to period. Management believes that the accounting estimates applied are appropriate and the resulting balances are reasonable. However, actual results could differ from the original estimates requiring adjustments to these balances in future periods.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Management believes that the following are the significant accounting estimates and judgements used in the preparation of the consolidated financial statements:&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;ACCOUNTING ESTIMATES&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Carrying amounts of vessels&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Company evaluates the carrying amounts of the vessels (including newbuildings) to determine if events have occurred that would require a modification of their carrying amounts. The valuation of vessels is reviewed based on events and changes in circumstances that would indicate that the carrying amount of the assets might not be recoverable. In assessing the recoverability of the vessels, the Company reviews certain indicators of potential impairment such as reported sale and purchase prices, market demand and general market conditions. Furthermore, market valuations from leading, independent and internationally recognized shipbrokers are obtained on a quarterly basis as part of the review for potential impairment indicators. If an indication of impairment is identified, the need for recognizing an impairment loss is assessed by comparing the carrying amount of the vessels to the higher of the fair value less cost to sell and the value in use.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures:
 normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space:
 normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The review for potential impairment indicators and projection of future discounted cash flows related to the vessels is complex and requires the Company to make various estimates including future freight rates, utilization, earnings from the vessels, future operating and capital expenditure and discount rates. For more information on key assumptions and related sensitivities, please refer to note 8 in these financial statements. All these factors have been historically volatile. The carrying amounts of TORM's vessels may not represent their fair market value at any point in time, as market prices of second-hand vessels to a certain degree tend to fluctuate with changes in charter rates and the cost of newbuildings. However, if the estimated future cash flow or related assumptions in the future experience change, an impairment write-down or reversal of vessels may be required.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;JUDGEMENTS&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Reverse acquisition&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;TORM's Restructuring was completed on 13 July 2015 and included inter alia a contribution by OCM Njord Holdings S.&amp;#224; r.l. ("Njord Luxco") of Njord to TORM in exchange for a controlling interest in TORM. The transaction is described in detail in note 27. Management has concluded that the contribution should be accounted for as a reverse acquisition according to IFRS 3 (Revised 2008) &amp;#8211; Business Combinations ("IFRS 3"), i.e. Njord is the acquirer and Former TORM is the acquiree. Management's most significant judgements applying to the accounting policies relate to:&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Identification of the acquirer&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Calculation of consideration&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space:
 normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none;
 background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Identification of the acquirer&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;IFRS 3 requires that the determination of the acquirer shall be determined based on the guidance in IFRS 10 &amp;#8211; "Consolidated Financial Statements", which means that the acquirer will be the entity that obtains control over the acquiree. The acquirer in a business combination will therefore most often be the entity (Former TORM A/S) legally acquiring the other (Njord) in exchange for cash, other assets or in exchange for issuing its equity interests. However, IFRS 3 states that in some cases the accounting acquirer can be the entity that is legally being acquired, i.e. Njord. The latter is typically the case when the former shareholder (Njord Luxco) of the entity whose shares are being acquired (Njord) owns the majority of shares and controls the majority of votes in the combined entity (TORM) after the transaction.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Following the transaction, Njord Luxco had control with the majority of the share capital and associated votes of Former TORM A/S, which led Management to conclude that the transaction is to be accounted for as a reverse acquisition, i.e. as if Former TORM A/S has been acquired by Njord rather than Former TORM A/S acquiring Njord.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Calculation of consideration&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Based on the provision of IFRS 3, Njord's purchase price for a controlling interest in Former TORM A/S is calculated as the fair value of the interest in Njord that the existing shareholders and warrant holders in Former TORM A/S would have received, had the business combination of Former TORM A/S and Njord not been a reverse acquisition. As the issued shares of Former TORM A/S were publicly traded, Management considered whether the fair value of Former TORM A/S would have been a more reliable measure of the consideration. Management believes that the fair value of the interest in Njord that would have been issued represented the fair value of the consideration more reliably than the share price of Former TORM A/S. The share price of Former TORM A/S was very volatile during the period before the Restructuring due to the significant uncertainty about Former TORM A/S' future as an independent group.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory>
<trmd:DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 2 &amp;#8211; LIQUIDITY, CAPITAL RESOURCES AND SUBSEQUENT EVENTS&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;LIQUIDITY AND CAPITAL RESOURCES&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;As of 31 December 2017, TORM's cash position totaled USD 134m (2016: USD 76m; 2015: USD 168m) and undrawn credit facilities amounted to USD 271m (2016: USD 190m; 2015: USD 75m). The undrawn credit facilities consisted of a USD 75m Working Capital Facility, a bilateral USD 115m facility with China Export-Import Bank and a bilateral USD 81m facility with Danish Ship Finance. TORM had ten newbuildings on order for delivery in 2018-2019 (2016: four; 2015: seven). The total outstanding CAPEX related to these newbuildings was USD 307m (2016: USD 149m; 2015: USD 224m) and is mainly financed by the undrawn facilities with China Export-Import Bank and Danish Ship Finance.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;TORM has a Term Facility I of USD 401m and an undrawn Working Capital Facility of USD 75m both with maturity in 2021. In addition to the Term Facility I and the Working Capital Facility, TORM has a Term Facility II of USD 115m with maturity in 2022 and bilateral loan agreements with Danish Ship Finance of USD 158m maturing in 2022 and with ING of USD 46m maturing in 2024. As of 31 December 2017, the scheduled minimum payments on mortgage debt and bank loans in 2018 were USD 93m.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;TORM's bank debt facilities include financial covenants related to:&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Minimum liquidity including committed credit lines&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Minimum cash&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none;
 background-color:
 #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Loan-to-value&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Equity ratio&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;During 2017, 2016 and 2015, TORM did not have any covenant breaches.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;SUBSEQUENT EVENTS&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;On 12 January 2018, TORM took delivery of the newbuilding TORM Herdis,(hull no. 15121049), a 114,000 DWT LR2 tanker from Guangzhou Shipyard International.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;On 22 January 2018, TORM secured commitment from ABN AMRO for attractive vessel financing of up to USD 50m regarding the two LR1 tanker newbuilding options exercised in December 2017. TORM expects the two LR1 newbuildings to be delivered in 2019 throughout the first quarter of 2020.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;On 23 January 2018, TORM plc announced the USD 100m Private Placement by issuing 11,920,000 new A-shares. The related capital increase was filed on 26 January 2018 with the UK Companies House. After the capital increase, TORM's share capital amounts to a total nominal value of USD 742,188.48 divided into 74,218,846 A-shares of USD 0.01 each, one B-share of USD 0.01 and one C-share of USD 0.01.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff;
 font-style: normal; text-indent: 0px;
 font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;On 26 January 2018, TORM delivered the Handysize tanker TORM Rhone to its new owner. In the financial statements, TORM Rhone is treated as an asset held-for-sale. The delivery results in a net profit from sale of vessels in TORM of USD 0.6m in 2018.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;On 9 February 2018, TORM took delivery of the newbuilding TORM Hermia (hull no. 15121050), a 114,000 DWT LR2 tanker from Guangzhou Shipyard International.&lt;/div&gt;</trmd:DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateTextBlock>
<ifrs-full:DisclosureOfOperatingSegmentsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 3 &amp;#8211; CONSOLIDATED SEGMENT INFORMATION&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="padding-bottom: 2px; background-color: #ffffff; width: 687px; vertical-align: bottom; border-top: #000000 2px solid;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 720px; vertical-align: bottom; border-top: #000000 2px solid;" colspan="4"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Tanker Segment&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Bulk Segment&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Not allocated&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Income Statement&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Revenue&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;538.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;540.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Port expenses, bunkers and commissions&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-169.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-169.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Charter hire&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-11.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new
 roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px;
 vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-12.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Operating expenses&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-121.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-122.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Administrative expenses&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-19.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-19.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Other operating expenses&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-6.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-6.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Share of profit/(loss) from joint ventures&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Impairment losses on tangible and intangible assets&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Depreciation&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-67.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000
 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-67.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td
 style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Operating profit/(loss) (EBIT)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;169.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-25.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;143.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Financial income&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 18px;"&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Financial expenses&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-16.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-16.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Profit/(loss) before tax&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;169.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-41.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;127.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 18px;"&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Tax&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Net profit/(loss) for the year&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;169.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif;
 font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-42.5&lt;/div&gt;&lt;/td&gt;&lt;td
 style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;126.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 687px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;In 2015 TORM consisted of two business segments: The Tanker Segment and the Bulk Segment. Due to the divestment of the Bulk Segment in 2015, only the Tanker Segment remains for 2016 and 2017, and thus no segment information has been presented for 2017 and 2016.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;During 2015, there have been no transactions between the Tanker and the Bulk Segments, and therefore all revenue derives from external customers.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;As the Company considers the global market as a whole, and as the individual vessels are not limited to specific parts of the world, the Group has only one geographical segment.&lt;/div&gt;</ifrs-full:DisclosureOfOperatingSegmentsExplanatory>
<ifrs-full:DisclosureOfEmployeeBenefitsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 4 &amp;#8211; STAFF COSTS&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom; border-top: #000000 2px solid;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom; border-top: #000000 2px solid;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom; border-top: #000000 2px solid;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom; border-top: #000000 2px solid;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Total staff costs&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Staff costs included in operating expenses&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;9.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;9.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;9.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Staff costs included in administrative expenses&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;34.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;31.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;14.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;43.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;40.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;23.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Staff costs comprise the following&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman',
 times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Wages and salaries&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff;
 width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;36.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;32.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;22.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Share-based compensation&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Pension costs&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;3.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Other social security costs&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;0.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Other staff costs&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;2.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;43.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;40.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;23.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Average number of permanent employees&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Seafarers&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;130.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;&amp;#160;137.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;65.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Land-based&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;286.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;269.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;133.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;417.2&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;406.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;198.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Employee information&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The majority of the staff on vessels are not employed by TORM. Staff costs included in operating expenses relate to the 131 seafarers (2016: 137, 2015: 65).&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The average number of employees is calculated as a full-time equivalent (FTE).&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Executive Director is, in the event of termination by the Company, entitled to a severance payment of up to 12 months' salary.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;br /&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing:
 normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;table style="widows: 2;
 text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom; border-top: #000000 2px solid;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USD '000&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;" colspan="4"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Non-Executive Board and Committee Remuneration, Short term&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Cheam Directors Limited &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Christopher H. Boehringer&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;290&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;237&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;88&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Kari Millum Gardarnar &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&amp;#8308;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;31&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Rasmus Johannes Hoffmann &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;29&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Flemming Ipsen &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px;
 vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;38&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size:
 10pt;"&gt;Olivier Dubois &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;17&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Alexander Green &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;19&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Jon Syvertsen &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;19&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;David Weinstein&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;174&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;131&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;48&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Torben Janholt&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;174&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;131&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;48&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;G&amp;#246;ran Trapp&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;174&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;158&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;58&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Jeffery Stein &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman',
 times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;812&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;657&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;405&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;" colspan="4"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Former member of the Board of Directors of Njord. Left the Board of Directors due to the reverse acquisition on 13 July 2015.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;" colspan="4"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Former member of the Board of Directors of Former TORM A/S. Resigned on 25 August 2015.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;" colspan="4"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Took up position as Board Observer of TORM plc.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;sup style="line-height: 1; font-size: smaller; vertical-align: text-top;"&gt;4)&lt;/sup&gt;&amp;#160;R&lt;/font&gt;esigned as Board Observer as of 31 July 2017.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;" colspan="4"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/font&gt;&amp;#160;The 2015 figures represent amounts earned subsequent to the Restructuring on 13 July 2015.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;br /&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Executive Management&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 676px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USD '000&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Salary&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-right: 5.65pt;"&gt;Taxable benefits&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Annual performance bonus&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Transaction bonus&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff;
 width: 147px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 676px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Executive Management Remuneration&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 147px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 676px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Jacob Meldgaard&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 147px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 676px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2015, TORM A/S&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;362&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;19&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;144&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;345&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 147px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;870&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 676px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2016, TORM A/S - restated &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;834&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;41&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;559&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 147px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;1,434&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 676px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2016, TORM plc&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;39&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 147px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;39&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 676px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2017, TORM A/S&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right;
 font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;923&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;42&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;580&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td
 style="background-color: #ffffff; width: 147px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;1,545&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 676px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2017, TORM plc&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;81&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 147px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;81&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 676px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Paid by legal entity as noted.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 146px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 147px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1407px; vertical-align: bottom;" colspan="6"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;The 2016 figures have been restated in order to include the figure for the annual bonus for 2016 as this was finalised and subsequently paid in 2017. No value was shown in the 2016 annual report. The total annual performance bonus of the Executive Director of TORM plc for 2016. arising in the period 1 January 2016 to 31 December 2016 was DKK 3.758.700 (USD 559t).&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Senior Management Team&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The aggregate compensation paid by the Group to the other members of the Senior Management Team (excluding Mr. Meldgaard) was USD 1,625,425 (2016: USD 1,735,563, 2015: USD 2,944,715), which includes an aggregate of USD 112,236 (2016: USD 93,163, 2015: USD 180,354) allocated for pensions for these individuals.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px;
 font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal;
 orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;br class="apple-interchange-newline" /&gt;Long-Term Incentive Plan - RSUs granted in 2017:&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;RSU LTIP grant&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Exercise price per share &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;RSU grant value assuming 100% vesting&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;LTIP element of Jacob Meldgaard's remuneration package 2017:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Jacob Meldgaard &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,276,273&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;DKK 96.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;USD 3.4m&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -7.1pt; font-family: 'times new roman', times, serif; margin-left: 7.1pt; font-size: 10pt;"&gt;&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Exercise price originally DKK 96.3. Subsequently adjusted 13 December 2016 to DKK 93.6 due to dividend payment&lt;/div&gt;&lt;div style="text-align: left; text-indent: -7.1pt; font-family: 'times new roman', times, serif; margin-left: 7.1pt; font-size: 10pt;"&gt;in September 2016. Further adjusted in December 2017 to DKK 93.5 due to dividend payment in September 2017.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -7.1pt; font-family: 'times new roman', times, serif; margin-left: 7.1pt; font-size: 10pt;"&gt;&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;LTIP award is fixed by the Board of Directors and was communicated via company announcement no. 2 of 18&lt;/div&gt;&lt;div style="text-align: left; text-indent: -7.1pt; font-family: 'times new roman', times, serif; margin-left: 7.1pt; font-size: 10pt;"&gt;January 2016. Therefore there is no minimum or maximum for 2017.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2;
 text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;TORM has in accordance with its Remuneration Policy granted the CEO a number of
 Restricted Share Units (RSUs), which was communicated in company announcement no. 2 dated 18 January 2016. There are no performance conditions associated with this grant of RSUs.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The RSUs granted to the CEO will vest over a five-year period, with one fifth of the grant amount vesting at each anniversary during the five-year period. As at 1 January 2017, one fifth of the grant amounting to 255,345 RSUs vested, and as at 31 December 2017, the exercise period relating to those vested RSUs expired. The total value of the RSU allocation is calculated based on the Black-Scholes model and is included in the overall cost estimate for the Company's Long-Term Incentive Program (cf. company announcements dated 18 January and 8 March 2016).&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The total number of securities granted was 1,276,725 (assuming 100% vesting). No further grants were made to the CEO during 2017. As of 31 December 2017, 1,021,380 RSUs remain.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The value of the grant, USD 3.4m, is based on the Black-Scholes model with an exercise price of DKK/share 96.3, a market value of one TORM A-share of DKK 84.05 (the closing price on 15 January 2016) and assuming 100% vesting. Subsequently, the exercise price was adjusted on 13 December 2016 to DKK 93.6 due to the dividend payment in September 2016. The exercise price was further adjusted in December 2017 to DKK 93.5 due to the dividend payment in September 2017.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Long-term employee benefit obligations&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;The obligation comprises an obligation under the incentive programs to deliver Restricted Share Units (RSUs) in TORM plc at a determinable price to the entity's key personnel. The RSUs granted entitle the holder to acquire one TORM A-share.&lt;/div&gt;&lt;div&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;The program was established during the year and
 comprises the following number of shares in TORM plc:&lt;/div&gt;&lt;div&gt;&amp;#160;&lt;/div&gt;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Number of shares (1,000)&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid;
 background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Outstanding 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,999.8&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Granted during the period&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;866.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2,127.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Exercised during the period&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Expired during the period&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-233.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Forfeited during the period&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-21.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-127.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Outstanding 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-right: 5.65pt;"&gt;&amp;#160;2,611.2&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,999.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif;
 margin-left: 6.25pt; font-size: 10pt;"&gt;Exercisable 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;255.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;538.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The vesting period of the program is three years for key employees and five years for the Executive Director. The exercise price is set to DKK 93.5. The exercise period is six months after the vesting date for key employees and twelve months after the vesting date for the Executive Director. The fair value of the options granted in 2017 was determined using the Black-Scholes valuation model and is not material.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</ifrs-full:DisclosureOfEmployeeBenefitsExplanatory>
<trmd:DisclosureForAuditorRemunerationTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;NOTE 5 &amp;#8212; REMUNERATION TO AUDITORS APPOINTED AT THE PARENT&lt;/font&gt;&lt;/p&gt;
&lt;table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;COMPANY'S ANNUAL GENERAL MEETING&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; width: 1095px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; width: 154px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2015&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Audit fees&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Fees payable to the Company's auditor for the audit of the Company's annual accounts&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.4&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.4&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.2&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Audit of the Company's subsidiaries pursuant to legislation&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.2&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.1&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.1&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Total audit fees&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.6&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.3&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Non-audit fees&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Audit related services&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.4&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.6&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;1.1&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Tax services&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;"
 size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.3&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.5&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Other services&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.1&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.2&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Total non-audit fees&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.4&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;1.0&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;1.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Total&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;1.0&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;1.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2.1&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Under SEC regulations, the remuneration of the auditor of USD 1.0m (2016: USD 1.5m, 2015: USD 2.1m) is required to be presented as follows: Audit USD 0.6m (2016: USD 0.5m, 2015: USD 0.3m), other audit-related USD 0.4m (2016: USD 0.6m, 2015: USD 1.1m), tax USD 0.0m (2016: USD 0.3m, 2015: USD 0.5m) and all other fees USD 0.0m (2016: USD 0.1m, 2015: USD 0.2).&lt;/font&gt;&lt;/p&gt;
&lt;div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Our Audit Committee pre-approves all audit, audit-related and non-audit services not prohibited by law to be performed by our independent auditors and associated fees prior to the engagement of the independent auditor with respect to such services.&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;</trmd:DisclosureForAuditorRemunerationTextBlock>
<ifrs-full:DisclosureOfIntangibleAssetsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;p style="line-height: normal; margin: 0in 0in 0pt; background: white;" class="msonormal"&gt;&lt;font style="font-family: times new roman,times;"&gt;NOTE 6 &amp;#8211; INTANGIBLE ASSETS&lt;/font&gt;&lt;/p&gt;&lt;div&gt;&amp;#160;&lt;/div&gt;&lt;div&gt;&lt;table style="width: 884px; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr style="height: 15.75pt;"&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl67" height="21" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 15.75pt;"&gt;&lt;td style="background-color: white; width: 519pt; height: 15.75pt; border: #f0f0f0;" class="xl65" height="21" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Goodwill&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 15pt;"&gt;&lt;td style="background-color: white; width: 519pt; height: 15pt; border: #f0f0f0;" class="xl65" height="20" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Cost:&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 15pt;"&gt;&lt;td style="background-color: white; width: 519pt; height: 15pt; border: #f0f0f0;" class="xl65" height="20" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Balance as of 1 January&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl69" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&amp;#160;11.4&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl69" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&amp;#160;11.4&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl69" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 15.75pt;"&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl67" height="21" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Additions during the year&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&amp;#160;11.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16.5pt;"&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 16.5pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl67" height="22" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Balance as of 31 December&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&amp;#160;11.4&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&amp;#160;11.4&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&amp;#160;11.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 15.75pt;"&gt;&lt;td style="background-color: white; width: 519pt; height: 15.75pt; border: #f0f0f0;" class="xl66" height="21" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 15pt;"&gt;&lt;td style="background-color: white; width: 519pt; height: 15pt; border: #f0f0f0;" class="xl65" height="20" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Impairment losses:&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td
 style="background-color: white; width: 48pt; border:
 #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 15pt;"&gt;&lt;td style="background-color: white; width: 519pt; height: 15pt; border: #f0f0f0;" class="xl65" height="20" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Balance as of 1 January&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl69" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-11.4&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl69" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl69" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 15.75pt;"&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl67" height="21" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Impairment losses for the year&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-11.4&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16.5pt;"&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 16.5pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl67" height="22" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Balance as of 31 December&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-11.4&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-11.4&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 15.75pt;"&gt;&lt;td style="background-color: white; width: 519pt; height: 15.75pt; border: #f0f0f0;" class="xl66" height="21" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 15.75pt;"&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl67" height="21" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Carrying amount as of 31 December&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&amp;#160;11.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div&gt;&amp;#160;&lt;/div&gt;&lt;div&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Goodwill is related to the reverse acquisition of TORM A/S in 2015 and has been allocated to the Tanker Segment.&lt;/font&gt;&lt;/div&gt;</ifrs-full:DisclosureOfIntangibleAssetsExplanatory>
<ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 7 &amp;#8211; TANGIBLE FIXED ASSETS&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Vessels and capitalized dry-docking&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Cost:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,697.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,567.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;530.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Additions&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;103.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;40.8&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;112.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Additions from business combinations&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;857.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Disposals&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-14.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-16.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-18.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td
 style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt;
 font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Transferred to/from other items&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;105.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;104.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Transferred to assets held-for-sale&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-59.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-18.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,726.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,697.4&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,567.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Depreciation:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;180.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;75.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;27.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Disposals&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-14.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-15.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-18.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Depreciation for the year&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;113.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;120.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;66.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12px;"&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Transferred to assets held-for-sale&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color:
 #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-20.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px
 solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;258.5&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;180.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;75.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Impairment:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;173.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Impairment losses on tangible fixed assets&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;173.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;173.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;173.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Carrying amount as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,294.5&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,343.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;1,492.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px;
 vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Of which finance leases as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;28.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;12.4&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;13.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;br /&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Prepayments on vessels&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;44.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;72.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;34.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Additions&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;44.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;76.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;142.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Transferred to/from other items&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-105.4&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-104.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color:
 #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;88.4&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom:
 #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;44.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;72.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Carrying amount as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;88.4&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;44.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;72.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Other plant and operating equipment&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Cost:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Additions&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-right: 5.65pt;"&gt;&amp;#160;1.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;1.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt;
 font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Additions from business combinations&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Disposals&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.7&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Depreciation:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Disposals&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Depreciations for the year&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px;
 vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.7&lt;/div&gt;&lt;/td&gt;&lt;td
 style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Carrying amount as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Of which finance leases as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Included in the carrying amount for "Vessels and capitalized dry-docking" are capitalized dry-docking costs in the amount of USD 68.1m (2016: USD 80.4m, 2015: USD 81.7m).&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;For information on assets used as collateral security, please refer to note 16. Please refer to note 8 for information on impairment testing.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal;
 font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The depreciation expense related to "Other plant and operating equipment" of USD 0.9m relates to "Administrative expense" (2016: USD 1.8m, 2015: USD 0.9m). Depreciations and impairment losses on tangible fixed assets on "Vessels and capitalized dry-docking" relate to operating expenses.&lt;/div&gt;</ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory>
<ifrs-full:DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 8 &amp;#8211; IMPAIRMENT TESTING&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;As of 31 December 2017, Management performed an impairment test of the recoverable amount of significant assets within the cash-generating unit &amp;#8212; the Tanker Segment.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The recoverable amount of the Tanker Segment was based on its value in use.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Management concluded that the impairment test did not provide the basis for any impairment or reversal of the impairment recorded in 2016, as the value in use was materially equivalent to the carrying amount.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The assessment of the value in use of the Tanker Segment was based on the present value of the expected future cash flows. The freight rate estimates in the period 2018-2020 are based on the Company's business plans. Beyond 2020, the freight rates are based on TORM's 10-year historical average rates, amended to reduce strong rates in 2008, and also adjusted for inflation. The approach used for long-term freight rates outlined above represents a change in estimates, as in previous years the long-term freight rates have been based on the 10-year historical average rates from Clarksons .&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;From the year ended 31 December 2017 and going forward TORM has decided to use its own historical average rates, rather than the ones from Clarksons, as it has been concluded, following detailed analysis, that they are better estimates of the future earnings potential of TORM as they reflect TORM's actual trading pattern and routes which differ to the benchmarks used by Clarksons, in addition to reflecting operating efficiencies that TORM is able to achieve due to the size and interdependency of its fleet. TORM has historically continuously performed at or higher than the Clarksons benchmark.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing:
 0px;
 font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The effect of the change in estimate of long-term freight rates on the year end impairment test was to significantly increase the value in use of the Tanker Segment, as of 31 December 2017. However, if the lower Clarksons rates were applied instead of TORM's the impairment charge arising in the current year would have been capped at USD 20m based on the fair value less cost to sell of the Tanker Segment, as indicated by a range of market valuations from independent shipbrokers.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The discount rate used in the value in use calculation is based on a Weighted Average Cost of Capital (WACC) of 8.7% as of 31 December 2017 (2016: 8.8%, 2015: 8.3%) . WACC is calculated by using a standard WACC model in which cost of equity, cost of debt and capital structure are the key parameters.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;As of 31 December 2017, the amended 10-year historical average spot freight rates used in the value in use calculation are as follows:&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;LR2 USD/day 17,216 (2016: USD/day 20,176, 2015: USD/day 21,975)&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;LR1 USD/day 16,445 (2016: USD/day 17,124, 2015: USD/day 18,900)&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;MR USD/day 15,794 (2016: USD/day 15,118, 2015: USD/day 16,948)&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Handysize USD/day 14,416 (2016: USD/day 15,203, 2015: USD/day 17,868)&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff;
 font-style: normal;
 text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Operating expenses and administrative expenses are estimated based on TORM's business plans for the period 2018-2020. Beyond 2020, operating expenses are adjusted for 3% (2016: 2%) inflation and administrative expenses are adjusted for 2% inflation (2016: 2%).&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The product tankers are expected to generate normal income for 25 years from delivery from the shipyard. Given the current age profile of the tanker fleet, the average remaining life would be approximately 14 years.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The calculation of the value in use is sensitive to changes in the key assumptions which are related to the future development in freight rates, the WACC applied as discounting factor in the calculations and the development in operating expenses. All other things being equal, the sensitivities to the value in use have been assessed as follows:&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;A decrease/increase in the tanker freight rates of USD/day 1,000 would result in in a decrease/increase in the value in use of USD 241m.&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;An increase/decrease in WACC of 1.0% would result in a decrease/increase in the value in use of USD 100-112m.&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;An increase/decrease in operating expenses of 10.0% would result in a decrease/increase in the value in use of USD 187m.&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none;
 background-color: #ffffff;
 font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;However, if the downside sensitivities outlined above had been applied to the impairment test as of December 31 2017, the impairment charge arising in the current year would have been capped at USD 20m based on the fair value less cost to sell of the Tanker Segment, as outlined above. If the upside sensitivities outlined above had been applied,&amp;#160; the impairment reversal would have been capped at USD 159m being the impairment charge applied to the Group's vessels in 2016 adjusted for the impact of the incremental depreciations that would have been charged during the year and vessel disposals during 2017.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;As outlined above, the impairment test has been prepared on the basis that the Company will continue to operate its vessels as a fleet in the current set-up. The market value based on broker values of TORM's vessels including the order book and chartered in vessels was USD 1,672m, which is USD 20 m below the carrying amount.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory>
<ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 9 &amp;#8211; FINANCIAL ITEMS&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Financial income&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Interest income from cash and cash equivalents &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Exchange rate adjustments, including gain from forward exchange rate contracts&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Financial expenses&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td
 style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width:
 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Interest expenses on mortgage and bank debt &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;33.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;29.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;15.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Exchange rate adjustments, including loss from forward exchange rate contracts&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Other financial expenses&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;4.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;40.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;37.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;16.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total financial items&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-36.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-34.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-15.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom;" colspan="4"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Interest for financial assets and liabilities not at fair value through profit and loss.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory>
<ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 10 &amp;#8211; FREIGHT RECEIVABLES&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Analysis as of 31 December of freight receivables:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Neither past due nor impaired&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;25.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;28.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;40.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Past due not impaired:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Due before 30 days&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;26.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;13.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;22.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Due between 30 and 180 days&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;18.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;18.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;16.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent:
 -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Past due and impaired:&lt;/div&gt;&lt;/td&gt;&lt;td
 style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Due after 180 days&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.7&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.7&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total gross&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;72.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;65.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;84.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Provision for impairment of freight receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total net&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;71.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62.5&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;83.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;As of 31 December 2017, freight receivables included receivables at a value of USD 0.0m (2016: USD 0.6m, 2015: USD 1.9m) that are individually determined to be impaired to a value of USD 0.0 m (2016: USD 0.5m, 2015: USD 0.2m).&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Movements in
 provisions for impairment of freight receivables during the year are as follows:&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family:
 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Provisions for impairment of Freight receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Addition from business combinations&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Provisions for the year&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Provisions reversed during the year&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size:
 10pt; margin-right: 5.65pt;"&gt;2.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff;
 width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Provisions for impairment of freight receivables have been recognized in the income statement under "Port expenses, bunkers and commissions".&lt;/div&gt;</ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory>
<ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 11 &amp;#8211; OTHER RECEIVABLES&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; width: 1166px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; width: 201px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; width: 200px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1166px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Partners and commercial managements&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 201px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 200px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1166px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Derivative financial instruments&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 201px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;7.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 200px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1166px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Tax receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 201px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 200px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;1.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; width: 1166px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Other&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; width: 201px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; width: 200px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; width: 1166px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; width: 201px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;11.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; width: 200px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;8.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;No significant other receivables are past due or impaired.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400;
 word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;
 text-decoration-style: initial; text-decoration-color: initial;"&gt;Please refer to note 21 for further information on fair value hierarchies.&lt;/div&gt;</ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory>
<ifrs-full:DisclosureOfIncomeTaxExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 12 &amp;#8211; TAX&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Tax for the year&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Current tax for the year&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Adjustments related to previous years&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Adjustment of deferred tax asset&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing:
 normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal;
 font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The majority of the Group's taxable income is located in Denmark, and therefore the majority of the tax base is subject to Danish tax legislation. As such, the Group has elected to participate in the Danish tonnage tax scheme; the participation is binding until 31 December 2025.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Group expects to participate in the tonnage tax scheme after the binding period and, at a minimum, to maintain an investing and activity level equivalent to the time of entering the tonnage tax scheme.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Under the Danish tonnage tax scheme, income and expenses from shipping activities are not subject to direct taxation, and accordingly an effective rate reconciliation has not been provided, as it would not provide any meaningful information. Instead, the taxable income is calculated from:&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;- The net tonnage of the vessels used to generate the income from shipping activities; and&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;- A rate applicable to the specific net tonnage of the vessel based on a sliding scale&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Due to the provisions of the tonnage tax scheme, the effective tax rate of the Group is 24.4% (2016: -0.6 %, 2015: 0.8 %).&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif;
 margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align:
 bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Deferred tax liability&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance at 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;45.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;45.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Addition from business combination&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;45.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Deferred tax for the year&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;44.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;45.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;45.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Essentially all deferred tax relates to vessels included in the transition account under the Danish tonnage tax scheme.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px;
 font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Group operates in a wide variety of jurisdictions, in some of which the tax
 law is subject to varying interpretations and potentially inconsistent enforcement. As a result, there can be practical uncertainties in applying tax legislation to the Group's activities. Whilst the Group considers that it operates in accordance with applicable tax law, there are potential tax exposures in respect of its operations, the impact of which cannot be reliably estimated but could be material.&lt;/div&gt;</ifrs-full:DisclosureOfIncomeTaxExplanatory>
<ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="text-align: left; width: 1095px; vertical-align: top;"&gt;&lt;font size="2"&gt;NOTE 13 &amp;#8211; COMMON SHARES &amp;amp; TREASURY SHARES&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 154px; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Common shares&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;2015&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;Number of shares&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;Number of shares&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;Number of shares&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;A-shares&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;62,298,846&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;62,298,846&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;63,836,249&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;B-shares&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;1&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;1&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;1&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;C-shares&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;1&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;1&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;1&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Total&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;62,298,848&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;62,298,848&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;63,836,251&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;For accounting purposes due to the Corporate Reorganization, the common shares have been adjusted retrospectively to reflect the issued capital and common shares of TORM plc amounting to USD 0.4m as per 1 January 2015.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;The A-shares are listed on NASDAQ Copenhagen and NASDAQ in New York and are publicly available for trading. Each A-share carries one vote at the Annual General Meeting and gives the shareholder right to dividends, liquidation proceeds or other distributions. The A-shares carry no other rights or obligations.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;The B-share has one vote at the general meeting, has no pre-emption rights in relation to any issue of new shares of other classes and carries no right to receive dividends, liquidation proceeds or other distributions from TORM. The holder of the B-share has the right to elect one member to the Board of Directors (being the Deputy Chairman), up to three alternates as well as one Board Observer. The B-share cannot be transferred or pledged, except for a transfer to a replacement trustee.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;The C-share represents 350,000,000 votes at the general meeting in respect of certain Specified Matters, including election of members to the Board of Directors (including the Chairman but excluding the Deputy Chairman) and certain amendments to the Articles of Association proposed by the Board of Directors. The C-share has no pre-emption rights in relation to any issue of new shares of other classes and carries no right to receive dividends, liquidation proceeds or other distributions from TORM. The C-share cannot be transferred or pledged, except to an affiliate of Njord Luxco.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;The B-share and the C-share are redeemable by TORM in the event that (i) TORM has received written notification from Njord Luxco (or its affiliates) that Njord Luxco and its affiliates (as defined in the Articles of Association) hold less than 1/3 in aggregate of TORM's issued and outstanding shares, (ii) five business days have elapsed from the Board of Directors' receipt of such written notice either without any Board member disputing such notice or with at least 2/3 of the Board members confirming such notice and (iii) both of the B-share and the C-share are redeemed at the same time.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;Issued warrants&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;Key management participates in an LTIP program, which gives the right to buy TORM shares at a predefined share price. Please refer to Note 4.&lt;/font&gt;&lt;/p&gt;
&lt;table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; width: 1095px; vertical-align: top;"&gt;&lt;font size="2"&gt;Treasury shares&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: bottom;"&gt;&lt;font size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: bottom;"&gt;&lt;font size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; width: 154px; vertical-align: bottom;"&gt;&lt;font size="2"&gt;2015&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Number of shares ('000)&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Balance as of 1 January&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;312.9&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;15.3&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Additions&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;312.9&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;15.3&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Cancellations&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-15.3&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Disposals&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Balance as of 31 December&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;312.9&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;312.9&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;15.3&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Nominal value USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Balance as of 1 January&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Additions&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Cancellations&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Disposals&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Balance as of 31 December&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;% of share capital&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Balance as of 1 January&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;0.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;0.2&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Additions&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;0.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;0.2&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Cancellations&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-0.2&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Disposals&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Balance as of 31 December&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;0.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;0.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"&gt;&lt;font size="2"&gt;0.2&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;The total consideration for the treasury shares was USD 0.0m (2016: 2.9m and 2015: USD 0.2m). At 31 December 2016, the Company's holding of treasury shares represented 312,871 shares (2016: 312,871 shares and 2015: 15,319 shares) of USD 0.01 each at a total nominal value of USD 0.0m (2016: USD 0.0m and 2015: USD 0.0m) and a market value of USD 2.7m (2016: USD 2.8m 2015: USD 0.2m).&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory>
<ifrs-full:DisclosureOfOtherLiabilitiesExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;NOTE 14 &amp;#8211; OTHER LIABILITIES&lt;/font&gt;&lt;/p&gt;
&lt;table style="widows: 2; text-transform: none; text-indent: 0px; width: 80%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="text-align: left; width: 1252px; vertical-align: top;"&gt;&lt;font size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 154px; vertical-align: top;"&gt;&lt;font size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Partners and commercial managements&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;1.4&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;2.0&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Accrued operating expenses&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;8.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;5.2&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Accrued interest&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;5.2&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;5.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Wages and social expenses&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;16.3&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;14.6&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Derivative financial instruments&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;4.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Payables to joint ventures&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;0.1&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;0.1&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Other&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;2.3&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;0.5&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Balance as of 31 December&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;33.8&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;33.0&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;Please refer to note 21 for further information on fair value hierarchies.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfOtherLiabilitiesExplanatory>
<trmd:DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansExplanatoryTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;NOTE 15 - EFFECTIVE INTEREST RATE, OUTSTANDING MORTGAGE DEBT AND BANK LOANS&lt;/font&gt;&lt;/div&gt;&lt;div&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;div&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;In July 2015, TORM completed the Corporate Restructuring. This resulted in a Term Facility Agreement and a Working Capital Facility of USD 75m both expiring in 2021. In 2017, TORM agreed on an additional Term Facility Agreement with a syndicate of four banks expiring in 2022. Furthermore, TORM has a debt facility with Danish Ship Finance, the tranches of which expire in 2021 and 2022, and a debt facility with ING expiring in 2024. In 2018, TORM will take delivery of four new LR2 tankers. The Export Import Bank of China (CEXIM) has committed funding of up to USD 115m in a 12-year facility to finance these newbuildings. In 2019, TORM will take delivery of four new MR and two new LR1 tankers. Danish Ship Finance has committed funding of up to USD 81m in a 7-year facility to finance the four MR newbuildings.&lt;/font&gt;&lt;/div&gt;&lt;div&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;/font&gt;&amp;#160;&lt;/div&gt;&lt;div&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;/font&gt;&lt;/font&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;As of 31 December 2017, no drawdowns had been made on the Working Capital Facility, the CEXIM Facility or the new USD 81m DSF Facility.&lt;/div&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;/font&gt;&lt;/font&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;/font&gt;&lt;/font&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Please refer to note 2 for further information on the Company's liquidity and capital resources and note 19 and 20 for further information on interest rate swaps and financial risks.&lt;/div&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;/font&gt;&lt;/font&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;/font&gt;&lt;/font&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The table below shows the effective interest and the value of the outstanding mortgage debt and bank loans.&lt;/div&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;/font&gt;&lt;/font&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;/font&gt;&lt;/font&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="padding-bottom: 2px; background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="padding-bottom: 2px; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 294px; vertical-align: bottom;" colspan="3"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 293px; vertical-align: bottom;" colspan="3"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 292px; vertical-align: bottom;" colspan="3"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color:
 #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align:
 right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Fixed/&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;floating&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Maturity&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Effective&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;interest&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Carrying&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;value&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Maturity&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Effective&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;interest&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Carrying&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;value&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Maturity&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Effective&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;interest&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Carrying&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;value&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;LOAN&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;DSF Facility 1 (USD)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Floating&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.4%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;74.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2019&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.6%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;109.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2019&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-right: 5.65pt;"&gt;4,1%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times
 new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;125.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;TFA Facility 1 (USD)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Floating&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.0%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;400.8&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.6%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;470.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.3%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;548.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;DSF Facility 3 (USD)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Floating&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.0%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;56.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.6%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4,4%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;66.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;DSF Facility 4 (USD)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Floating&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2022&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.1%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;26.8&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2022&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.8%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;30.0&lt;/div&gt;&lt;/td&gt;&lt;td
 style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2019&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px;
 vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4,1%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;26.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;TFA Facility 2 (USD)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Floating&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2022&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.4%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;115.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;ING (USD)&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Floating&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2024&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.6%&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;45.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Weighted average effective interest rate&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.1%&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000
 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.6%&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px
 solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.3%&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Carrying value&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;719.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;671.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;767.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Hereof non-current &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;633.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;595.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;717.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Hereof current &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;86.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;75.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff;
 width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;49.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;/font&gt;&lt;/font&gt;&lt;div
 style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&lt;/font&gt;&lt;/font&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1567px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Effective interest rate includes deferred and amortized bank fees.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1567px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;The carrying value of the Group's mortgage debt and bank loans is, due to their short-term nature of fixing of interest, approximate to fair value, and excludes amortized bank fees.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</trmd:DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansExplanatoryTextBlock>
<ifrs-full:DisclosureOfCollateralExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 16 &amp;#8211; COLLATERAL SECURITY FOR MORTGAGE DEBT AND BANK LOANS&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The total carrying amount for vessels that have been provided as security amounts to USD 1,259m at 31 December 2017 (2016: USD 1,115m, 2015: USD 1,329m).&lt;/div&gt;</ifrs-full:DisclosureOfCollateralExplanatory>
<ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2"&gt;NOTE 17 &amp;#8211; GUARANTEE COMMITMENTS AND CONTINGENT LIABILITIES&lt;/font&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2"&gt;&lt;/font&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2"&gt;The guarantee commitments of the Group are less than USD 0.1m (2016: USD 0.1m, 2015: USD 0.1m) and relate to guarantee commitments to Danish Shipowners' Association.&lt;/font&gt;&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2"&gt;The Group is involved in certain legal proceedings and disputes. It is Management's opinion that the outcome of these proceedings and disputes will not have any material impact on the Group's financial position, results of operations and cash flows.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory>
<ifrs-full:DisclosureOfCommitmentsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 18 &amp;#8211; CONTRACTUAL OBLIGATIONS&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;TORM has various contractual obligations and commercial commitments to make future payments including lease obligations, purchase commitments, interest payments and repayment of mortgage debt and bank loans.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The following table summarizes the Company's contractual obligations at 31 December 2017.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 531px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 72px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2019&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2020&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2022&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Thereafter&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 531px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Mortgage debt and bank loans&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 72px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;92.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;86.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;82.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times
 new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;&amp;#160;&amp;#160;346.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;89.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;725.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 531px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Interest payments related to scheduled interest fixing&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 72px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;20.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;14.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;12.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;8.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;56.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 531px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Estimated variable interest payments&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 72px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#178;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;11.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;13.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;12.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;9.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;51.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 531px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Finance lease liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 72px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;15.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 531px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Interest element regarding finance lease&lt;/div&gt;&lt;/td&gt;&lt;td
 style="background-color: #ffffff; width: 72px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;7.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 531px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Newbuilding installments&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 72px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#179;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;144.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;162.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;306.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 531px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Chartered-in vessels (operating lease)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 72px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#8308;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 531px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Other operating leases&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 72px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.8&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times
 new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;5.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 531px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Trade payables and other obligations&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 72px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;51.5&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;51.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 531px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 72px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;331.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;284.4&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;112.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;370.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;107.5&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;30.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1,235.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;The presented amounts to be repaid do not include directly related costs arising from the issuing of the loans of USD 4.8m (2016: USD 2.0m), which are amortized over the term of the loans. Borrowing costs capitalized during the year amount to USD 3.5m (2016: USD 1.3m).&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Variable interest payments are estimated based on the
 forward rates for each interest period.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size:
 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;As of 31 December 2017, TORM had ten contracted newbuildings (2016: four) to be delivered during 2018-2019.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8308;&amp;#8318;&lt;/font&gt;&amp;#160;Leases have been entered into with a mutually non-cancellable lease period of up to eight years. Certain leases include a profit-sharing element implying that the actual charter hire may be higher. The average period until redelivery of the vessels is 0.5 years (2016: 0.9 years). The leasing expense for 2017 amounts to USD 8.5m (2016: USD 21.5m, 2015: USD 12.0m) and is recognized under "Charter hire".&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/font&gt;&amp;#160;Other operating leases primarily consist of contracts regarding office spaces, cars and apartments as well as IT-related contracts. The leasing expense for 2017 amounts to USD 2.3m (2016: USD 2.2m) and is recognized under "Administrative expenses".&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; margin-top: 10pt; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; margin-bottom: 10pt; letter-spacing: normal; color: #000000; clear: both; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" &gt;&amp;#160;The following table summarizes the reconciliation of liabilities arising from financing activities:&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="padding-bottom: 2px; background-color: #ffffff; width: 718px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="padding-bottom: 2px; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 234px; vertical-align: bottom;" colspan="2"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Cash&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; width: 228px; vertical-align: bottom;" colspan="2"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Non-cash&lt;/div&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2px; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 718px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Opening balance as of 1 January 2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Borrowings&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 121px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Repayments&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Changes in fair value&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Other changes&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;End balance as of 31 December 2017&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 718px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Mortgage debt&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;669.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;175.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 121px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-125.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman',
 times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;720.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 718px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Financial lease&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;13.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;30.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 121px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-16.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 718px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Swaps, fair value hedging&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 121px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-1.4&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 718px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;685.2&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;205.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 121px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-143.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.7&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.2&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;749.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 718px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 121px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman',
 times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400;
 word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;TORM has contractual rights to receive future payments as lessor of vessels on time charter and bareboat charter.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The following table summarizes the Company's contractual rights at 31 December 2017.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 532px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 71px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2019&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2020&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2022&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Thereafter&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 532px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Contractual rights - as lessor:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 71px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 532px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Charter hire income for vessels&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 71px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;45.5&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.7&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom:
 #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;50.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 532px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 71px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;45.5&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.7&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;50.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 1407px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&amp;#160;Charter hire income for vessels on time charter and bareboat charter is recognized under "Revenue". The average period until redelivery of the vessels is 1.1 year (2016: 2.1 years).&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</ifrs-full:DisclosureOfCommitmentsExplanatory>
<ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 19 &amp;#8211; DERIVATIVE FINANCIAL INSTRUMENTS&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Fair value of derivatives:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Derivative financial instruments regarding freight and bunkers:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Forward Freight Agreements&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Bunker swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.8&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Derivative financial instruments regarding interest and currency exchange rate:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Forward exchange contracts&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.8&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-4.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Interest rate swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;5.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Fair value of derivatives as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;7.5&lt;/div&gt;&lt;/td&gt;&lt;td
 style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Of which included in:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Other receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;7.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1047px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Other liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-4.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Please refer to Note 21 "Financial Instruments" for further information on fair value hierarchies.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Bunker swaps and forward freight agreements with a fair value of USD 0.6m (net) of a previously fixed hedge have been recognized in the income statement in 2017 (2016: USD 0.8m, 2015: USD -0.2m).&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Forward exchange contracts with a fair value of USD 1.8m are designated as hedge accounting relationships to hedge a part of TORM's payments in 2018 regarding administrative and operating expenses denominated in DKK with a notional value of DKK 257.0m (2016: DKK 336.4m, 2015: DKK 235.1m).&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial;
 text-decoration-color: initial;"&gt;Interest rate swaps with a fair value of USD 5.1m are designated as hedge accounting relationships to fix a part of TORM's interest payments during the
 period 2017 to 2022 with a notional value of USD 406.4m (2016: USD 373.8m, 2015: USD 382.3m).&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The table below shows realized amounts as well as fair value adjustments regarding derivative financial instruments recognized in the income statements and equity in 2017, 2016 and 2015.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="padding-bottom: 2px; background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; width: 709px; vertical-align: bottom;" colspan="3"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Income statement&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Equity&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Revenue&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Port expenses, bunkers and commissions&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Financial items&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Hedging reserves&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Forward Freight Agreements&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Bunker swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;&amp;#160;&amp;#160;0.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Forward exchange contracts&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width:
 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-1.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Interest rate swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-2.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.5&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.2&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-3.4&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;6.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Forward Freight Agreements&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Bunker swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif;
 font-size: 10pt; margin-right: 5.65pt;"&gt;1.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Forward exchange contracts&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new
 roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-3.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Interest rate swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-2.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-2.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-1.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Forward Freight Agreements&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Bunker swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Forward exchange contracts&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color:
 #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Interest rate swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 462px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Please refer to Note 20 for further information on commercial and financial risks.&lt;/div&gt;</ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory>
<ifrs-full:DisclosureOfRelatedPartyExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 22 &amp;#8211; RELATED PARTY TRANSACTIONS&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Company's ultimate controlling party is Oaktree Capital Group, LLC, a limited liability company incorporated in the USA. The immediate controlling shareholder is Njord Luxco.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Shareholders' contribution and dividends paid are disclosed in the consolidated statement of changes in equity.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The remuneration of key management personnel, which consists of the Board of Directors and the Executive Director, is disclosed in Note 4.&lt;/div&gt;</ifrs-full:DisclosureOfRelatedPartyExplanatory>
<ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 23 &amp;#8211; NON-CURRENT ASSETS SOLD DURING THE YEAR&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;During 2017, TORM sold eight vessels, of which four were delivered to the new owners during 2017, one vessel is expected to be delivered in Q1 2018 (presented as "assets held-for-sale" as of 31 December 2017) and the remaining three vessels were sold and leased back to TORM as finance leases. The sales resulted in a profit from sale of vessels of USD 2.8m and an impairment on sold or held-for-sale vessels of USD 3.6m.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;There was no sale of vessels in 2016.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;During 2015, TORM sold its two remaining bulk vessels for USD 18m in connection with the wind-down of the Company's bulk activities. Both vessels were delivered to the new owners during 2015. The sales did not result in any gain or losses.&lt;/div&gt;</ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory>
<ifrs-full:DisclosureOfCashFlowStatementExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 24 &amp;#8211; CASH FLOWS&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Reversal of other non-cash movements:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Amortization of acquired assets and liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Exchange rate adjustments&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.8&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-2.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Share-based payments&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Equity transactions expensed in relation to the Corporate Reorganization&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-6.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12px;"&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Other adjustments&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right;
 font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom:
 #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.7&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-7.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Change in bunkers, receivables and payables:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Change in bunkers&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-6.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;15.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Change in receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-12.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;18.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;6.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Change in prepayments&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif;
 margin-left: 6.25pt; font-size: 10pt;"&gt;Change in trade payables and other liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size:
 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-4.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-5.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-11.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Adjusted for fair value changes of derivative financial instruments&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;6.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-13.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;8.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;16.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</ifrs-full:DisclosureOfCashFlowStatementExplanatory>
<ifrs-full:DisclosureOfInformationAboutConsolidatedStructuredEntitiesExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 25 &amp;#8211; ENTITIES IN THE GROUP&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Entity&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Country&lt;/div&gt;&lt;/td&gt;&lt;td style="padding-bottom: 2px; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: top;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;TORM plc&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;United Kingdom&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Investments in subsidiaries&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8312;&amp;#8318;&lt;/font&gt;:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Entity&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Country&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Ownership&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8311;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;TORM A/S &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;DK Vessel HoldCo GP ApS &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;DK Vessel HoldCo K/S &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM (Gibraltar) Njord Midco Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Gibraltar&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color:
 #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times,
 serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Njord Chartering Inc&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Agnes, Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Alice, Pte. Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Almena, Pte. Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Amalie, Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Aslaug, Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Hardrada, Pte. Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings St.Michaelis Pte. Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings St. Gabriel Pte. Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family:
 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent:
 -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Harald Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Gorm Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Knut Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Valdemar Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Agnete, Pte. Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Alexandra, Pte. Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Anabel, Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Arawa Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Leif Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff;
 width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right;
 font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Singapore Njord Holdings Rolf Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Investments in subsidiaries&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8312;&amp;#8318;&lt;/font&gt;&amp;#160;- continued:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Entity&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Country&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Ownership&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8311;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Holdings Mrs Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Njord Anne Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Njord Freya Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Njord Gerd Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Njord Gertrud Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Njord Gunhild Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new
 roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Njord Helene Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Njord Helvig Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Njord Ingeborg Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Njord Mary Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Njord Ragnhild Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Njord Thyra Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Njord Valborg Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OCM Njord Vita Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;OMI Holding Ltd. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align:
 bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Mauritius&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new
 roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Torghatten &amp;amp; TORM Shipowning ApS &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;TORM Brasil Consultoria em Transporte Maritimo LTDA. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8308;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Brazil&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;TORM Crewing Service Ltd.&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Bermuda&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;TORM Shipping India Private Limited &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;India&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;TORM Singapore Pte. Ltd. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;TORM USA LLC &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USA&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;TT Shipowning K/S &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 935px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo 1 K/S &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt;
 font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps:
 normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;br /&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Investments in subsidiaries&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8312;&amp;#8318;&lt;/font&gt;&amp;#160;- continued:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Entity&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Country&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Ownership&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8311;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo 2 Pte. Ltd. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;sup style="line-height: 1; font-size: smaller; vertical-align: text-top;"&gt;4&lt;/sup&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/font&gt;&amp;#160;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo 3 K/S &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo 4 Pte. Ltd. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;sup style="line-height: 1; font-size: smaller; vertical-align: text-top;"&gt;4&lt;/sup&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo 5 K/S &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;&amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo 6 Pte. Ltd.&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td
 style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo 7 Pte. Ltd. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo 8 Pte. Ltd. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo 9 Pte. Ltd. &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo 10 Pte. Ltd. &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo 11 Pte. Ltd. &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo 12 Pte. Ltd. &amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;TORM Shipping (Phils.), Inc. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Philippines&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;25%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo A ApS &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo C ApS &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size:
 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;VesselCo E ApS &amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt;
 font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;1) Entities added in the financial year ended 31 December&amp;#160; 2015.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2) Entities added in the financial year ended 31 December 2016.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;3) Entities added in the financial year ended 31 December 2017.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;4) Entities dissolved in the financial year ended 31 December 2015.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;5) Entities dissolved in the financial year ended 31 December 2016.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;6) Entities dissolved in the financial year ended 31 December 2017.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;" colspan="3"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;7) For all subsidiaries, ownership and voting rights are the same except for TORM SHIPPING (PHILS.) INC where voting rights are 100%.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;" colspan="3"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;8) All subsidiaries are consolidated in full.&lt;/div&gt;&lt;div&gt;&amp;#160;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The table below shows the registered addresses for the companies mentioned above:&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 352px; vertical-align:
 bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;India&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Philippines&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times,
 serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Tuborg Havnevej 18,&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2nd Floor&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;7th Floor&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;6 Battery Road #27-02&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;DK-2900 Hellerup&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Leela Business Park&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Salcedo Towers, 169&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore 049909&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Andheri-Kurla Road&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;HV dela Costa Street&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Andheri (E)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Salcedo Village,&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Mumbai 400059&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Makati City&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;India&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Philippines 1227&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;United Kingdom&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;USA&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new
 roman', times, serif; font-size: 10pt;"&gt;Mauritius&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Birchin Court&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Suite 710&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;c/o The Trust&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;c/o Temple Corporate&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff;
 width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;20 Birchin Lane&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2500 City West&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Company of&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Services&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;London, EC3V 9DU&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Boulevard&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Marshall Islands, Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Temple Court 2,&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;United Kingdom&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;77042, Houston , Texas&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;P.O. Box 2095&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Labourdonnais Street&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USA&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Reston VA 20195-0095&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Port Louis&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USA&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Mauritius&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Bermuda&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Gibraltar&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Brazil&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;c/o Estera Services&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div
 style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;57/63 Line Wall Road&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Avenida Rio Branco&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;(Bermuda Limited)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;GX11 1AA&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size:
 10pt;"&gt;01-1201&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Canon's Court&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Gibraltar&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;CEP 200090-003&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;22 Victoria Street&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Rio de Janeiro&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;PO Box 1624&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Brazil&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Hamilton HM GX&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Bermuda&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 352px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 351px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; margin-top: 10pt; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; margin-bottom: 10pt; letter-spacing: normal; color: #000000; clear: both; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" &gt;&amp;#160;
&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;" colspan="6"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Interest in legal entities included as joint ventures:&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="padding-bottom: 2px; background-color: #ffffff; width: 337px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="padding-bottom: 2px; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="padding-bottom: 2px; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 710px; vertical-align: bottom;" colspan="3"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 337px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Entity&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Country&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;% Control&lt;/div&gt;&lt;/td&gt;&lt;td
 style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Profit and&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;loss from&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;continuing&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;operations&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Other compre-hensive&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;income&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 238px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Total compre-hensive&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;income&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 337px; vertical-align:
 bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Long Range 2 A/S&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;50%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 238px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 337px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;LR2 Management K/S&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;50%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 238px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 337px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 238px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;For registered addresses, please refer to the table above.&lt;/div&gt;</ifrs-full:DisclosureOfInformationAboutConsolidatedStructuredEntitiesExplanatory>
<trmd:DisclosureOfEarningsPerShareAndDividendPerShareTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 26 &amp;#8211; EARNINGS PER SHARE &amp;amp; DIVIDEND PER SHARE&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;EARNINGS PER SHARE&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Net profit/(loss) for the year (USDm)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-142.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;126.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Million shares&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Average number of shares&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;63.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;51.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Average number of treasury shares&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align:
 bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color:
 #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Average number of shares outstanding&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;51.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Dilutive effect of outstanding share options&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Average number of shares outstanding incl. dilutive effect of share options&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;51.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Basic earnings/(loss) per share (USD)&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.04&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-2.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Diluted earnings/(loss) per share (USD)&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.04&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-2.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none;
 background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing:
 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;When calculating diluted earnings per share for 2017, RSUs have been omitted as they are out-of-the-money and thus anti-dilutive, but the RSUs may potentially dilute earnings per share in the future. Please refer to note 4 for information on the RSU share options.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;DIVIDEND PER SHARE&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Dividend for the year (USDm)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;25.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px;"&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Number of shares, end of period (million)&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;63.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Dividend per share&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.02&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.40&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div
 style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal;
 -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;There is no proposed dividend as of 31 December 2017.&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; margin-top: 10pt; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; margin-bottom: 10pt; letter-spacing: normal; color: #000000; clear: both; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" &gt;&lt;br class="apple-interchange-newline" /&gt;&lt;br /&gt;&lt;/div&gt;</trmd:DisclosureOfEarningsPerShareAndDividendPerShareTextBlock>
<trmd:DescriptionOfAccountingPolicyForPrinciplesOfConsolidationExplanatoryPolicyTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Consolidation principles&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The consolidated financial statements comprise the financial statements of the Parent Company, TORM plc, and entities controlled by the Company and its subsidiaries. Control is achieved when the Company:&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;has the power over the investee; and&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;is exposed, or has the right to variable returns from involvement with the investee; and&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;has the ability to use its power to affect its returns&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Company should reassess whether it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;When the Company has less than a majority of the voting rights of an investee, it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities unilaterally. The Company considers all facts and circumstances in assessing whether or not the Company's voting rights in an investee are sufficient to give it power, including:&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;the size of the Company's holding of voting rights relative to the size and dispersion of holdings of the other vote holders&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;potential voting rights held by the Company, other vote holders or other
 parties&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;rights arising from other contractual arrangements, and&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;any additional facts and circumstances that indicate that the Company has, or does not have, the current ability to direct the relevant activities at the time when decisions need to be made, including voting pattern at previous shareholders' meetings&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Entities in which the Group exercises significant but not controlling influence are regarded as associated companies and are accounted for using the equity method.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Companies which are managed jointly by agreement with one or more companies and therefore are subject to joint control (joint ventures) are accounted for using the equity method.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and ends when the Company loses control over the subsidiary. Specifically, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated income statement and other comprehensive income from the date on which the Company obtains control until the date when the Company loses control over the subsidiary.&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The consolidated financial statements are prepared on the basis of the financial statements of the Parent Company, its subsidiaries and the Company's share of the income statement and balance sheet of joint operations by combining items of a uniform nature and eliminating intercompany transactions, balances and shareholdings as well as realized and unrealized gains and losses on transactions between the consolidated entities. The financial statements used for consolidation purposes are prepared in accordance with the Company's accounting policies.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The consolidated financial statements following a reverse acquisition are issued under the name of the legal parent (accounting acquiree) but as a continuation of the financial statements of the legal subsidiary (accounting acquirer). The accounting
 acquirer's
 legal capital is adjusted retrospectively to reflect the legal capital of the accounting acquiree. Comparative information is adjusted accordingly.&lt;/div&gt;</trmd:DescriptionOfAccountingPolicyForPrinciplesOfConsolidationExplanatoryPolicyTextBlock>
<ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2"&gt;Business combinations&lt;/font&gt;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2"&gt;Newly acquired or formed entities are recognized in the consolidated financial statements from the date of acquisition or formation. The date of acquisition is the date on which control over the entity is effectively transferred.&lt;/font&gt;&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2"&gt;Business combinations are accounted for by applying the purchase method, whereby the acquired entities' identifiable assets, liabilities and contingent liabilities are measured at fair value at the acquisition date. The tax effect of the revaluation activities is also taken into account. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the amount of that adjustment is included in the cost of the combination if the event is probable and the adjustment can be measured reliably. Costs of issuing debt or equity instruments in connection with a business combination are accounted for together with the debt or equity issuance. All other costs associated with the acquisition are expensed in the income statement.&lt;/font&gt;&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2"&gt;In reverse acquisitions the purchase price of a business combination is measured as the fair value of the consideration agreed upon. The purchase price in a reverse acquisition is calculated as the fair value of the interest in the accounting acquirer that the existing shareholders of the accounting acquiree would have received, had the business combination not been a reverse acquisition.&lt;/font&gt;&lt;/div&gt;
&lt;br /&gt;&lt;font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2"&gt;The excess of the cost of the business combination over the fair value of the acquired assets, liabilities and contingent liabilities is recognized as goodwill under intangible assets and is tested for impairment at least once every year. Upon acquisition, goodwill is allocated to the cash generating units, which subsequently form the basis for the impairment test. If the fair value of the acquired assets, liabilities and contingent liabilities exceeds the cost of the business combination, the identification of assets and liabilities and the processes of measuring the fair value of the assets and liabilities and the cost of the business combination are reassessed. If the fair value of the business combination continues to exceed the cost, the resulting gain is recognized in the income statement.&lt;/font&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Foreign currencies&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The functional currency of all significant entities, including subsidiaries and associated companies, is United State dollars (USD), because the Company's vessels operate in international shipping markets, in which income and expenses are settled in USD, and because the Companies most significant assets and liabilities in the form of vessels and related liabilities are denominated in USD. Transactions in currencies other than the functional currency are translated into the functional currency at the transaction date. Cash, receivables and payables and other monetary items denominated in currencies other than the functional currency are translated into the functional currency at the exchange rate at the balance sheet date. Gains or losses due to differences between the exchange rate at the transaction date and the exchange rate at the settlement date or the balance sheet date are recognized in the income statement under "Financial income" and "Financial expenses".&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;An exchange rate gain or loss relating to a non-monetary item carried at fair value is recognized in the same line as the fair value adjustment.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The reporting currency of the Company is USD. Upon recognition of entities with functional currencies other than USD, the financial statements are translated into USD. Income statement items are translated into USD at the average exchange rates for the year, whereas balance sheet items are translated at the exchange rates as of the balance sheet date. Exchange differences arising from the translation of financial statements into USD are recognized as a separate component through other comprehensive income. On the disposal of an entity, the cumulative amount of the exchange differences recognized in the separate component of equity relating to that entity is transferred to the income statement as part of the gain or loss on disposal.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Derivative financial instruments&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Derivative financial instruments, primarily forward currency exchange contracts, forward freight agreements and forward contracts regarding bunker purchases, are entered to hedge future committed or anticipated transactions. TORM applies hedge accounting under the specific rules on cash flow hedges when appropriate.&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Derivative financial instruments are initially recognized in the balance sheet at fair value at the date when the derivative contract is entered into and are subsequently measured at their fair value as other receivables or other liabilities, respectively.&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Changes in the fair value of derivative financial instruments that are designated as cash flow hedges and deemed to be effective are recognized directly in "Other comprehensive income". When the hedged transaction is recognized in the income statement, the cumulative value adjustment recognized in "Other comprehensive income" is transferred to the income statement and included in the same line as the hedged transaction. However, when the hedged transaction results in the recognition of a fixed asset, the gains and losses previously accumulated in "Other comprehensive income" are transferred from "Other comprehensive income" and included in the initial measurement of the cost of the fixed asset. Changes in the fair value of a portion of a hedge deemed to be ineffective are recognized in the income statement.&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Changes in the fair value of derivative financial instruments that are not designated as hedges are recognized in the income statement. While effectively reducing cash flow risk in accordance with the Company's risk management policy, interest rate swaps with cap features and certain forward freight agreements and forward contracts regarding bunker purchases do not qualify for hedge accounting. Changes in fair value of these derivate financial instruments are therefore recognized in the income statement under "Financial income" or "Financial expenses" for interest rate swaps with cap features, under "Revenue" for forward freight agreements and under "Port expenses, bunkers and commissions" for forward bunker contracts.&lt;/div&gt;
&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;Segment information&lt;/div&gt;
&lt;div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;In 2015, TORM consisted of two business segments: The Tanker Segment and Bulk Segment. Due to divestment of the Bulk Segment during 2015, only the Tanker Segment remains for 2016 and 2017.&lt;/div&gt;
&lt;div style="widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The segmentation is based on the Group's internal management and reporting structure. In the Tanker Segment, the services provided primarily comprise transportation of refined oil products such as gasoline, jet fuel and naphtha.&lt;/div&gt;
&lt;div style="widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The Group has only one geographical segment, because the Company considers the global market as a whole, and as the individual vessels are not limited to specific parts of the world. Furthermore, the internal management reporting does not provide such information. Consequently, it is not possible to provide geographical segment information on revenue from external customers or non-current segment assets.&lt;/div&gt;
&lt;div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;
&lt;div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The segment income statement comprises income and expenses which are directly attributable to the segment. Not allocated items primarily comprise assets and liabilities as well as revenues and expenses relating to the Company's administrative functions and investment activities, including cash and bank balances, interest-bearing debt, income tax, deferred tax, etc.&lt;/div&gt;
&lt;div style="widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;The accounting policies applied for the segments regarding recognition and measurement are consistent with the policies for TORM as described in this note.&lt;/div&gt;
&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Employee benefits&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Wages, salaries, social security contributions, holiday and sick leave, bonuses and other monetary and non-monetary benefits are recognized in the year in which the employees render the associated services. Please also refer to the accounting policy for share-based payment.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory>
<trmd:DescriptionOfAccountingPolicyForPensionPlanExplanatoryPolicyTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Pension plans&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Group has entered into defined contribution plans only. Pension costs related to defined contribution plans are recorded in the income statement in the year to which they relate.&lt;/div&gt;&lt;/div&gt;</trmd:DescriptionOfAccountingPolicyForPensionPlanExplanatoryPolicyTextBlock>
<ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Leases&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Agreements to charter in vessels and to lease other plant and operating equipment for which TORM substantially has all the risks and rewards of ownership are recognized in the balance sheet as finance leases. Lease assets are measured at the lower of fair value and the present value of minimum lease payments determined in the leases.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;For the purpose of calculating the present value, the interest rate implicit in the lease or an incremental borrowing rate is used as discount factor. The lease assets are depreciated and written down under the same accounting policy as the vessels owned by the Company or over the lease period depending on the lease terms.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The corresponding lease obligation is recognized as a liability in the balance sheet, and the interest element of the lease payment is charged to the income statement as incurred.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other charter agreements concerning vessels and other leases are classified as operating leases, and lease payments are charged to the income statement on a straight-line basis over the lease term. The obligation for the remaining lease term is disclosed in the notes to the financial statements.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Agreements to charter out vessels for which substantially all the risks and rewards of ownership are transferred to the lessee are classified as finance leases, and an amount equal to the net investment in the lease is recognized and presented in the balance sheet as a receivable. The carrying amount of the vessel is derecognized, and any gain or loss on disposal is recognized in the income statement. Other agreements to charter out vessels are classified as operating leases, and lease income is recognized in the income statement on a straight-line basis over the lease term.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Revenue&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Income is recognized in the income statement when:&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;The income generating activities have been carried out on the basis of a binding agreement&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;The income can be measured reliably&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;It is probable that the economic benefits associated with the transaction will flow to the Company&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Costs relating to the transaction can be measured reliably&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Revenue comprises freight, charter hire and demurrage revenues from the vessels and gains and losses on forward freight agreements designated as hedges. Revenue is recognized when it meets the general criteria mentioned above, and when the stage of completion can be measured reliably. Accordingly, freight, charter hire and demurrage revenue are recognized at selling price upon delivery of the service as per the charter parties concluded.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Cross-over voyages&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Revenue is recognized upon delivery of services in accordance with the terms and conditions of the charter parties. For cross-over voyages (voyages in progress at the end of a reporting period), the uncertainty and the dependence on estimates are greater than for finalized voyages. The Company recognizes a percentage of the estimated revenue for the voyage equal to the percentage of the estimated duration of the voyage completed at the balance sheet date. The estimate of revenue is based on the expected duration and destination of the voyage. Voyage expenses are recognized as incurred.&lt;/div&gt;&lt;div style="color:
 #000000;
 text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;When recognizing revenue, there is a risk that the actual number of days it takes to complete the voyage will differ from the estimate, and for time charter parties a lower day rate may have been agreed for additional days. The contract for a single voyage may state several alternative destination ports. The destination port may change during the voyage, and the rate may vary depending on the destination port. Changes to the estimated duration of the voyage as well as changing destinations and weather conditions will affect the voyage expenses.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Demurrage revenue&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Freight contracts contain conditions regarding the amount of time available for loading and discharging of the vessel. If these conditions are breached, TORM is compensated for the additional time incurred in the form of demurrage revenue. Demurrage revenue is recognized upon delivery of services in accordance with the terms and conditions of the charter parties. Upon completion of the voyage, the Company assesses the time spent in port, and a demurrage claim based on the relevant contractual conditions is submitted to the charterers.&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The claim will often be met by counterclaims due to differences in the interpretation of the agreement compared to the actual circumstances of the additional time used. Based on previous experience, 95% of the demurrage claim submitted is recognized as demurrage revenue upon initial recognition. The Company receives the demurrage payment upon reaching final agreement on the amount, which on average is approximately 100 days after the original demurrage claim was submitted. Any adjustments to the final agreement are recognized as demurrage revenue.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Port expenses, bunkers and commissions&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Port expenses, bunker fuel consumption and commissions are recognized as incurred. Gains and losses on forward bunker contracts designated as hedges and write-down and provisions for losses on freight receivables are included in this
 line.&lt;/div&gt;&lt;div style="color:
 #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Freight and bunker derivatives&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Freight and bunker derivatives comprise fair value adjustments and gains and losses on forward freight agreements, forward bunker contracts and other derivative financial instruments directly relating to shipping activities which are not designated as hedges. The freight and bunker derivatives that qualify for hedge accounting are recognized in Revenue and Port expense, bunkers and commissions respectively, as the hedging instrument is realized.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Charter hire&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Charter hire comprises expenses related to the chartering in of vessels under operating leases which have been incurred in order to achieve the net revenue for the year.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue>
<ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Operating expenses&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Operating expenses, which comprise crew expenses, repair and maintenance expenses and tonnage duty, are expensed as incurred.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Profit from sale of vessels&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Profit from sale of vessels is recognized when the significant risks and rewards of ownership have been transferred to the buyer, representing the difference between the sales price less cost to sell and the carrying value of the vessel.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Administrative expenses&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Administrative expenses, which comprise administrative staff costs, management costs, office expenses and other expenses relating to administration, are expensed as incurred.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other operating expenses&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other operating expenses primarily comprise chartering commissions and management fees paid to commercial and technical managers for managing the fleet and to a lesser extent profits and losses deriving from the disposal of other plant and operating equipment.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory>
<trmd:DescriptionOfAccountingPolicyForDepreciationAndImpairmentLossExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Depreciation and impairment losses&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Depreciation and impairment losses comprise depreciation of tangible fixed assets for the year as well as the write-down of the value of assets by the amount by which the carrying amount of the asset exceeds its recoverable amount. In the event of indication of impairment, the carrying amount is assessed, and the value of the asset is written down to its recoverable amount equal to the higher of value in use based on net present value of future earnings from the assets and its fair value less cost to sell.&lt;/div&gt;&lt;/div&gt;</trmd:DescriptionOfAccountingPolicyForDepreciationAndImpairmentLossExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Financial income&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Financial income comprises interest income, realized and unrealized exchange rate gains relating to transactions in currencies other than the functional currency, realized gains from other equity investments and securities, unrealized gains from securities, dividends received and other financial income including value adjustments of certain financial instruments not accounted for as hedges of future transactions.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Interest is recognized in accordance with the accrual basis of accounting taking into account the effective interest rate. Dividends from other investments are recognized when the right to receive payment has been decided, which is typically when the dividend has been declared and can be received without conditions.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Financial expenses&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Financial expenses comprise interest expenses, financing costs of finance leases, realized and unrealized exchange rate losses relating to transactions in currencies other than the functional currency, realized losses from other equity investments and securities, unrealized losses from securities and other financial expenses including value adjustments of certain financial instruments not accounted for as hedges of future transactions.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Interest is recognized in accordance with the accrual basis of accounting taking into account the effective interest rate.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Tax&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Tax expenses comprise the expected tax including tonnage tax on the taxable income for the year for the Group, adjustments relating to previous years and the change in deferred tax for the year. However, tax relating to items in other comprehensive income is recognized directly in the statement of other comprehensive income.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Goodwill&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Goodwill is measured as the excess of the cost of the business combination over the fair value of the acquired assets, liabilities and contingent liabilities and is recognized as an asset under intangible assets. Goodwill is not amortized as it is considered to have an indefinite useful life, but the recoverable amount of goodwill is assessed at least once a year. For impairment testing purposes, goodwill is on initial recognition allocated to the cash generating unit expected to benefit from the synergies of the combination. If the recoverable amount of the cash generating unit is less than the carrying amount of the unit, the impairment loss is first allocated to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss for goodwill is not reversed in a subsequent period.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Vessels&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Vessels are measured at cost less accumulated depreciation and accumulated impairment losses. Cost comprises acquisition cost and costs directly related to the acquisition up until the time when the asset is ready for use, including interest expenses incurred during the period of construction based on the loans obtained for the vessels. All major components of vessels except for dry-docking costs are depreciated on a straight-line basis to the estimated residual value over their estimated useful lives, which TORM estimates to be 25 years. The Company considers that a 25-year depreciable life is consistent with what is used by other shipowners with comparable tonnage. Depreciation is based on cost less the estimated residual value. Residual value is estimated as the lightweight tonnage of each vessel multiplied by scrap value per ton. The useful life and the residual value of the vessels are reviewed at least at each financial year-end based on market conditions, regulatory requirements and the Company's business plans.&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Company also evaluates the carrying amounts to determine if events have occurred that indicate impairment and would require a modification of the carrying amounts. Prepayment on vessels is measured at costs incurred.&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Dry-docking&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Approximately every 30 and 60 months, depending on the nature of work and external requirements, the vessels are required to undergo planned dry-dockings for replacement of certain components, major repairs and major maintenance of other components, which cannot be carried out while the vessels are operating. These dry-docking costs are capitalized and depreciated on a straight-line basis over the estimated period until the next dry-docking. The residual value of such components is estimated at nil. The useful life of the dry-docking costs is reviewed at least at each financial year-end based on market conditions, regulatory requirements and TORM's business plans.&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;A portion of the cost of acquiring a new vessel is allocated to the components expected to be replaced or refurbished at the next dry-docking. Depreciation hereof is carried over the period until the next dry-docking. For newbuildings, the initial dry-docking asset is estimated based on the expected costs related to the first-coming dry-docking, which again is based on experience and past history of similar vessels. For second-hand
 vessels, a dry-docking asset is also segregated and capitalized separately, taking into account the normal docking intervals of the vessels.&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;At subsequent dry-dockings, the costs comprise the actual costs incurred at the dry-docking yard. Dry-docking costs may include the cost of hiring crews to carry out replacements and repairs, the cost of parts and materials used, cost of travel, lodging and supervision of Company personnel as well as the cost of hiring third-party personnel to oversee a dry-docking. Dry-docking activities include, but are not limited to, the inspection, service on turbocharger, replacement of shaft seals, service on boiler, replacement of hull anodes, applying of anti-fouling and hull paint, steel repairs as well as refurbishment and replacement of other parts of the vessel.&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other plant and operating equipment&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Operating equipment is measured at cost less accumulated depreciation.&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Computer equipment is depreciated on a straight-line basis over three years, and other operating equipment is depreciated on a straight-line basis over five years.&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Leasehold improvements are measured at cost less accumulated amortization and impairment losses, and leasehold improvements are amortized on a straight-line basis over the shorter of the term of the lease and the estimated useful life. Cost comprises acquisition cost and costs directly related to the acquisition up until the time when the asset is ready for use.&lt;br /&gt;&amp;#160;&lt;/div&gt;
&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Investments in joint ventures&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Investments in joint ventures comprise investments in companies which by agreement are managed jointly with one or more companies and therefore are subject to joint control and in which the parties have rights to the net assets of the joint venture. Joint ventures are accounted for using the equity method. Under the equity method, the investment in joint ventures is initially recognized at cost and thereafter adjusted to recognize TORM's share of the profit or loss in the joint venture. When TORM's share of losses in a joint venture exceeds the investment in the joint venture, TORM discontinues recognizing its share of further losses. Additional losses are recognized only to the extent that TORM has incurred legal or constructive obligations or made payments on behalf of the joint venture.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures>
<ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Financial assets&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Financial assets are initially recognized at the settlement date at fair value plus transaction costs, except for financial assets at fair value through profit or loss, which are recognized at fair value. Financial assets are derecognized when the rights to receive cash flows from the assets have expired or have been transferred.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Financial assets are classified as:&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Financial assets at fair value through profit or loss&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Loans and receivables&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Available-for-sale financial assets&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other investments&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other investments comprise shares in other companies and are classified as available-for-sale. Listed shares are measured at the market value at the balance sheet date, and unlisted shares are measured at estimated fair value. Unrealized gains and losses resulting from changes in fair value of shares are recognized in "Other comprehensive income". Realized gains and losses resulting from sales of shares are recognized as "Financial income" or "Financial expenses" in the income statement. The cumulative value adjustment recognized in "Other comprehensive income" is transferred to the income statement when the shares are sold. Dividends on shares in other companies are recognized as "Financial income" in the period in which they are declared.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other investments are presented as non-current, unless Management intends to dispose of the investments within 12 months from the balance sheet date.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Receivables&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Outstanding freight receivables and other receivables that are expected to be realized within 12 months from the balance sheet date are classified as loans and receivables and presented as current assets.&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Receivables are measured at the lower of amortized cost and net realizable values, which corresponds to nominal value less provision for bad debts. Derivative financial instruments included in other receivables are measured at fair value.&lt;/div&gt;
&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Impairment of assets&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Non-current assets are reviewed at least annually to determine any indication of impairment due to a significant decline in either the assets' market value or in the cash flows generated by the assets. In case of such indication, the recoverable amount of the asset is estimated as the higher of the asset's fair value less costs to sell and its value in use. The value in use is the present value of the future cash flows expected to derive from a cash generating unit, utilizing a pre-tax discount rate that reflects current market estimates of the time value of money and the risks specific to the unit for which the estimates of future cash flows have not been adjusted. If the recoverable amount is less than the carrying amount of the cash generating unit, the carrying amount is reduced to the recoverable amount. The impairment loss is recognized immediately in the income statement. Where an impairment loss subsequently reverses, the carrying amount of the cash generating unit is increased to the revised estimate of the recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined, had no impairment loss been recognized in prior years.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;For the purpose of assessing impairment, assets and time charter- and bareboat contracts are grouped at the lowest levels at which impairment is monitored for internal management purposes. There were two cash generating units in 2015, the Tanker Segment and the Bulk Segment. In 2017 and 2016, there was only one cash generating unit as the Bulk Segment was wound down in 2015.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Bunkers&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Bunkers and luboil are stated at the lower of cost and net realizable value. Cost is determined using the FIFO method and includes expenditures incurred in acquiring the bunkers and luboil and delivery cost less discounts.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories>
<ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Assets held-for-sale&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Assets are classified as held-for-sale if the carrying amount will be recovered principally through a sales transaction rather than through continuing use. This condition is regarded as met only when the asset is available for immediate sale in its present condition subject to terms that are usual and customary for sales of such assets, and when its sale is highly probable. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one year from the date of classification.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Assets held-for-sale are measured at the lower of their previous carrying amount and fair value less costs to sell.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Gains are recognized on delivery to the new owners in the income statement in the item "Profit from sale of vessels". Anticipated losses are recognized at the time the asset is classified as held-for-sale in the item "Impairment losses on tangible and intangible assets".&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;Treasury shares&lt;/font&gt;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;Treasury shares are recognized as a separate component of equity at cost. Upon subsequent disposal of treasury shares, any consideration is also recognized directly in equity.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Share-based payments&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Group makes equity settled share-based payments to certain employees, which are measured at fair value at the date of grant and expensed on a straight-line basis over the vesting period, based on the Group's estimate of shares that will eventually vest. The fair value of the share schemes is calculated using the Black Scholes method at grant date.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Dividend&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Dividend is recognized as a liability at the time of declaration. Dividend proposed for the year is moved from "Retained profit" and presented as a separate component of equity.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Provisions&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Provisions are recognized when the Company has a legal or constructive obligation as a result of past events, and when it is probable that this will lead to an outflow of resources that can be reliably estimated. Provisions are measured at the estimated liability that is expected to arise, taking into account the time value of money.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Deferred tax&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. In addition, the deferred tax also constitutes the reserve in relation to the transition balance in connection with the Danish tonnage tax scheme.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realized, based on the laws that have been enacted by the balance sheet date. The deferred tax is charged through the income statement except when it relates to other comprehensive income items.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Mortgage debt and bank loans&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;At the time of borrowing, mortgage debt and bank loans are measured at fair value less transaction costs. Mortgage debt and bank loans are subsequently measured at amortized cost. This means that the difference between the net proceeds at the time of borrowing and the nominal amount of the loan is recognized in the income statement as a financial expense over the term of the loan applying the effective interest method.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;When terms of existing financial liabilities are renegotiated, or other changes regarding the effective interest rate occur, TORM performs a test to evaluate whether the new terms are substantially different from the original terms. If the new terms are substantially different from the original terms, TORM accounts for the change as an extinguishment of the original financial liability and the recognition of a new financial liability. TORM considers the new terms to be substantially different from the original terms if the present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective interest rate, is at least 10% different from the discounted present value of the remaining cash flows of the original financial liability.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory>
<trmd:DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatoryPolicyTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other liabilities&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Other liabilities are generally measured at amortized cost. Derivative financial instruments included in other liabilities are measured at fair value.&lt;/div&gt;&lt;/div&gt;</trmd:DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatoryPolicyTextBlock>
<ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;CASH FLOW STATEMENT&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The cash flow statement shows the Company's cash flows as well as cash and cash equivalents at the beginning and the end of the period.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Cash flow from operating activities is presented using the indirect method and is based on net profit/(loss) for the year adjusted for tax, financial income and expenses, net profit/(loss) from sale of vessels, non-cash operating items, changes in working capital, income tax paid, dividends received and interest paid/received.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Cash flow from investing activities comprises the purchase and sale of tangible fixed assets and financial assets as well as cash from business combinations.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Cash flow from financing activities comprises changes in long-term debt, bank loans, finance lease liabilities, purchases or sales of treasury shares and dividend paid to shareholders.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Cash and cash equivalents comprise cash at bank and in hand including restricted cash. Other investments are classified as investing activities.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory>
<ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;EARNINGS PER SHARE&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Basic earnings per share is calculated by dividing the consolidated net profit/(loss) for the year available to common shareholders by the weighted average number of common shares outstanding during the period. Treasury shares are not included in the calculation. Purchases of treasury shares during the period are weighted based on the remaining period.&lt;/div&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Diluted earnings per share is calculated by adjusting the consolidated profit or loss available to common shareholders and the weighted average number of common shares outstanding for the effects of all potentially dilutive shares. Such potentially dilutive common shares are excluded when the effect of including them would be to increase earnings per share or reduce a loss per share.&lt;/div&gt;&lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory>
<ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The preparation of financial statements in accordance with IFRS requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and assumptions are affected by the way TORM applies its accounting policies. An accounting estimate is considered critical if the estimate requires Management to make assumptions about matters subject to significant uncertainty, if different estimates could reasonably have been used, or if changes in the estimate that would have a material impact on the Company's financial position or results of operations are reasonably likely to occur from period to period. Management believes that the accounting estimates applied are appropriate and the resulting balances are reasonable. However, actual results could differ from the original estimates requiring adjustments to these balances in future periods.&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Management believes that the following are the significant accounting estimates and judgements used in the preparation of the consolidated financial statements:&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;ACCOUNTING ESTIMATES&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Carrying amounts of vessels&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The Company evaluates the carrying amounts of the vessels (including newbuildings) to determine if events have occurred that would require a modification of their carrying amounts. The valuation of vessels is reviewed based on events and changes in circumstances that would indicate that the carrying amount of the assets might not be recoverable. In assessing the recoverability of the vessels, the Company reviews certain indicators of potential impairment such as reported sale and purchase prices, market demand and general market conditions. Furthermore, market valuations from leading, independent and internationally recognized shipbrokers are obtained on a quarterly basis as part of the review for potential impairment indicators. If an indication of impairment is identified, the need for recognizing an impairment loss is assessed by comparing the carrying amount of the vessels to the higher of the fair value less cost to sell and the value in use.&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing:
 normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The review for potential impairment indicators and projection of future discounted cash flows related to the vessels is complex and requires the Company to make various estimates including future freight rates, utilization, earnings from the vessels, future operating and capital expenditure and discount rates. For more information on key assumptions and related sensitivities, please refer to note 8 in these financial statements. All these factors have been historically volatile. The carrying amounts of TORM's vessels may not represent their fair market value at any point in time, as market prices of second-hand vessels to a certain degree tend to fluctuate with changes in charter rates and the cost of newbuildings. However, if the estimated future cash flow or related assumptions in the future experience change, an impairment write-down or reversal of vessels may be required.&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;JUDGEMENTS&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Reverse acquisition&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;TORM's Restructuring was completed on 13 July 2015 and included inter alia a contribution by OCM Njord Holdings S.&amp;#224; r.l. ("Njord Luxco") of Njord to TORM in exchange for a controlling interest in TORM. The transaction is described in detail in note 27. Management has concluded that the contribution should be accounted for as a reverse acquisition according to IFRS 3 (Revised 2008) &amp;#8211; Business Combinations ("IFRS 3"), i.e. Njord is the acquirer and Former TORM is the acquiree. Management's most significant judgements applying to the accounting policies relate to:&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Identification of the acquirer&lt;/font&gt;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: symbol, serif; font-size: 10pt;"&gt;&amp;#183;&lt;/font&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Calculation of consideration&lt;/font&gt;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style:
 initial; text-decoration-color: initial;"&gt;Identification of the acquirer&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;IFRS 3 requires that the determination of the acquirer shall be determined based on the guidance in IFRS 10 &amp;#8211; "Consolidated Financial Statements", which means that the acquirer will be the entity that obtains control over the acquiree. The acquirer in a business combination will therefore most often be the entity (Former TORM A/S) legally acquiring the other (Njord) in exchange for cash, other assets or in exchange for issuing its equity interests. However, IFRS 3 states that in some cases the accounting acquirer can be the entity that is legally being acquired, i.e. Njord. The latter is typically the case when the former shareholder (Njord Luxco) of the entity whose shares are being acquired (Njord) owns the majority of shares and controls the majority of votes in the combined entity (TORM) after the transaction.&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Following the transaction, Njord Luxco had control with the majority of the share capital and associated votes of Former TORM A/S, which led Management to conclude that the transaction is to be accounted for as a reverse acquisition, i.e. as if Former TORM A/S has been acquired by Njord rather than Former TORM A/S acquiring Njord.&lt;/div&gt;
&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Calculation of consideration&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Based on the provision of IFRS 3, Njord's purchase price for a controlling interest in Former TORM A/S is calculated as the fair value of the interest in Njord that the existing shareholders and warrant holders in Former TORM A/S would have received, had the business combination of Former TORM A/S and Njord not been a reverse acquisition. As the issued shares of Former TORM A/S were publicly traded, Management considered whether the fair value of Former TORM A/S would have been a more reliable measure of the consideration. Management believes that the fair value of the interest in Njord that would have been issued represented the fair value of the consideration more reliably than the share price of Former TORM A/S. The share price of Former TORM A/S was very volatile during the period before the Restructuring due to the significant uncertainty about Former TORM A/S' future as an independent group.&lt;/div&gt;
&lt;/div&gt;</ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory>
<trmd:DisclosureOfOperatingSegmentsTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;
&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="width: 921px; padding-bottom: 2px; vertical-align: bottom; border-top-color: #000000; border-top-width: 2px; border-top-style: solid; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 966px; vertical-align: bottom; border-top-color: #000000; border-bottom-color: #000000; border-top-width: 2px; border-bottom-width: 2px; border-top-style: solid; border-bottom-style: solid; background-color: #ffffff;" colspan="4"&gt;
&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2015&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Tanker Segment&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Bulk Segment&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Not allocated&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Total&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Income Statement&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Revenue&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;538.7&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.7&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;540.4&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Port expenses, bunkers and commissions&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-169.2&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-169.7&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Charter hire&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-11.1&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-12.0&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Operating expenses&lt;/div&gt;
&lt;/td&gt;
&lt;td
 style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-121.7&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.2&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-122.9&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Administrative expenses&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-19.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-19.5&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Other operating expenses&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-6.3&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-6.3&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Share of profit/(loss) from joint ventures&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.2&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.2&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Impairment losses on tangible and intangible assets&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Depreciation&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-67.1&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.2&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-67.3&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left:
 6.25pt;"&gt;Operating profit/(loss) (EBIT)&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;169.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-25.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;143.0&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Financial income&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.0&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 18px;"&gt;
&lt;td style="width: 921px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Financial expenses&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-16.9&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-16.9&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Profit/(loss) before tax&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;169.6&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.0&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-41.5&lt;/div&gt;
&lt;/td&gt;
&lt;td&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;127.1&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 18px;"&gt;
&lt;td style="width: 921px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Tax&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.0&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Net profit/(loss) for the year&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;169.6&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.0&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right;
 font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-42.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;126.1&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 921px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 242px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="width: 241px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</trmd:DisclosureOfOperatingSegmentsTableTextBlock>
<trmd:ScheduleOfStaffCostsAndAverageNumberOfEmployeesTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-top-color: #000000; border-bottom-color: #000000; border-top-width: 2px; border-bottom-width: 2px; border-top-style: solid; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-top-color: #000000; border-bottom-color: #000000; border-top-width: 2px; border-bottom-width: 2px; border-top-style: solid; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-top-color: #000000; border-bottom-color: #000000; border-top-width: 2px; border-bottom-width: 2px; border-top-style: solid; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-top-color: #000000; border-bottom-color: #000000; border-top-width: 2px; border-bottom-width: 2px; border-top-style: solid; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Total staff costs&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Staff costs included in operating expenses&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;9.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;9.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;9.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Staff costs included in administrative expenses&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;34.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;31.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;14.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;43.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;40.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;23.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Staff costs comprise the following&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Wages and salaries&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;36.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;32.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;22.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Share-based compensation&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Pension costs&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;3.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Other social security costs&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;0.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Other staff costs&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;2.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;43.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;40.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;23.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Average number of permanent employees&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Seafarers&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-right: 5.65pt;"&gt;&amp;#160;130.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size:
 10pt; margin-right: 5.65pt;"&gt;&amp;#160;137.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;65.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Land-based&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;286.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;269.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;133.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;417.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;406.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;198.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:ScheduleOfStaffCostsAndAverageNumberOfEmployeesTableTextBlock>
<trmd:ScheduleOfTerminationBenefitsByTitleOfIndividualTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-top-color: #000000; border-bottom-color: #000000; border-top-width: 2px; border-bottom-width: 2px; border-top-style: solid; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USD '000&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;" colspan="4"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Non-Executive Board and Committee Remuneration, Short term&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Cheam Directors Limited &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Christopher H. Boehringer&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;290&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;237&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;88&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Kari Millum Gardarnar &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&amp;#8308;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;31&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Rasmus Johannes Hoffmann &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;29&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Flemming Ipsen &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align:
 bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size:
 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;38&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Olivier Dubois &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;17&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Alexander Green &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;19&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Jon Syvertsen &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;19&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;David Weinstein&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;174&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;131&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;48&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Torben Janholt&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;174&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;131&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;48&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;G&amp;#246;ran Trapp&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;174&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;158&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;58&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Jeffery Stein &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom;
 border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;&amp;#160;&amp;#160;7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;812&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;657&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;405&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;" colspan="4"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Former member of the Board of Directors of Njord. Left the Board of Directors due to the reverse acquisition on 13 July 2015.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;" colspan="4"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Former member of the Board of Directors of Former TORM A/S. Resigned on 25 August 2015.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;" colspan="4"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Took up position as Board Observer of TORM plc.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;sup style="line-height: 1; font-size: smaller; vertical-align: text-top;"&gt;4)&lt;/sup&gt;&amp;#160;R&lt;/font&gt;esigned as Board Observer as of 31 July 2017.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;" colspan="4"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/font&gt;&amp;#160;The 2015 figures represent amounts earned subsequent to the Restructuring on 13 July 2015.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:ScheduleOfTerminationBenefitsByTitleOfIndividualTableTextBlock>
<trmd:ScheduleOfKeyManagementPersonnelCompensationTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 745px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USD '000&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Salary&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Taxable benefits&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Annual performance bonus&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Transaction bonus&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 162px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 745px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Executive Management Remuneration&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 162px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 745px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Jacob Meldgaard&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 162px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 745px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;2015, TORM A/S&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;362&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;19&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;144&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;345&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 162px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;870&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 745px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;2016, TORM A/S - restated &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;834&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;41&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;559&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 162px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;1,434&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 745px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;2016, TORM plc&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align:
 right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;39&lt;/div&gt;&lt;/td&gt;&lt;td style="width:
 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 162px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;39&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 745px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;2017, TORM A/S&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;923&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;42&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;580&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 162px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;1,545&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 745px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;2017, TORM plc&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;81&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 162px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;81&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 745px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Paid by legal entity as noted.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 162px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom;" colspan="6"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;The 2016 figures have been restated in order to include the figure for the annual bonus for 2016 as this was finalised and subsequently paid in 2017. No value was shown in the 2016 annual report. The total annual performance bonus of the Executive Director of TORM plc for 2016. arising in the period 1 January 2016 to 31 December 2016 was DKK 3.758.700 (USD 559t).&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:ScheduleOfKeyManagementPersonnelCompensationTableTextBlock>
<ifrs-full:DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;RSU LTIP grant&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Exercise price per share &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;RSU grant value assuming 100% vesting&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;LTIP element of Jacob Meldgaard's remuneration package 2017:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Jacob Meldgaard &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,276,273&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;DKK 96.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;USD 3.4m&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -7.1pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 7.1pt;"&gt;&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Exercise price originally DKK 96.3. Subsequently adjusted 13 December 2016 to DKK 93.6 due to dividend payment&lt;/div&gt;&lt;div style="text-align: left; text-indent: -7.1pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 7.1pt;"&gt;in September 2016. Further adjusted in December 2017 to DKK 93.5 due to dividend payment in September 2017.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -7.1pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 7.1pt;"&gt;&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;LTIP award is fixed by the Board of Directors and was communicated via company announcement no. 2 of 18&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</ifrs-full:DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory>
<trmd:ScheduleOfReconciliationNumberOfOtherEquityAInstrumentsTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Number of shares (1,000)&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Outstanding 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,999.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Granted during the period&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;866.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2,127.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Exercised during the period&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Expired during the period&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-233.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Forfeited during the period&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-21.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-127.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div
 style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Outstanding
 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;2,611.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,999.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Exercisable 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;255.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;538.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:ScheduleOfReconciliationNumberOfOtherEquityAInstrumentsTableTextBlock>
<trmd:ScheduleOfAuditorRemunerationTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 90%; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr style="height: 15.75pt;"&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="21" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2015&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 15.75pt;"&gt;
&lt;td style="background-color: white; width: 519pt; height: 15.75pt; border: #f0f0f0;" class="xl63" height="21" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Audit fees&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 15pt;"&gt;
&lt;td style="background-color: white; width: 519pt; height: 15pt; border: #f0f0f0;" class="xl63" height="20" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Fees payable to the Company's auditor for the audit of the Company's annual accounts&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl67" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.4&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl67" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.4&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl67" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.2&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 15.75pt;"&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="21" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Audit of the Company's subsidiaries pursuant to legislation&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.2&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;0.1&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;0.1&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 16.5pt;"&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 16.5pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="22" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Total audit fees&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.6&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.3&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 15.75pt;"&gt;
&lt;td style="background-color: white; width: 519pt; height: 15.75pt; border: #f0f0f0;" class="xl64" height="21" width="692"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 15pt;"&gt;
&lt;td style="background-color: white; width: 519pt; height: 15pt; border: #f0f0f0;" class="xl63" height="20" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Non-audit fees&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 15pt;"&gt;
&lt;td style="background-color: white; width: 519pt; height: 15pt; border: #f0f0f0;" class="xl63" height="20" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Audit related services&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl67" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.4&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl67" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.6&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl67" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&amp;#160;1.1&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 15pt;"&gt;
&lt;td style="background-color: white; width: 519pt; height: 15pt; border: #f0f0f0;" class="xl63" height="20" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Tax services&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl67" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl67" width="64"&gt;&lt;font
 style="font-family: times new roman,times;" size="2"&gt;0.3&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl67" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.5&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 15.75pt;"&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="21" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Other services&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;0.1&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.2&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 16.5pt;"&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 16.5pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="22" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Total non-audit fees&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.4&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;1.0&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;1.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 15.75pt;"&gt;
&lt;td style="background-color: white; width: 519pt; height: 15.75pt; border: #f0f0f0;" class="xl64" height="21" width="692"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 15.75pt;"&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="21" width="692"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Total&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;1.0&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;1.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2.1&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</trmd:ScheduleOfAuditorRemunerationTableTextBlock>
<ifrs-full:DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman'; word-spacing: 0px; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;USDm&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;2017&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;2016&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;2015&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Goodwill&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Cost:&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Balance as of 1 January&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;11.4&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;11.4&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;Additions during the year&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;11.4&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;Balance as of 31 December&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;11.4&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;11.4&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;11.4&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Impairment losses:&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Balance as of 1 January&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-11.4&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;Impairment losses for the year&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-11.4&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;Balance as of 31 December&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-11.4&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-11.4&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;Carrying amount as of 31 December&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style:
 solid;"&gt;11.4&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</ifrs-full:DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory>
<trmd:ScheduleOfTangibleFixedAssetsTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Vessels and capitalized dry-docking&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Cost:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,697.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,567.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;530.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Additions&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;103.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;40.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;112.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Additions from business combinations&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;857.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Disposals&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-14.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-16.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-18.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Transferred to/from other items&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;105.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color:
 #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;&amp;#160;104.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Transferred to assets held-for-sale&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-59.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-18.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,726.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,697.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,567.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Depreciation:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;180.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;75.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;27.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Disposals&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-14.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-15.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-18.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Depreciation for the year&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;113.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;120.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;66.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12px;"&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Transferred to assets held-for-sale&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-20.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom;
 border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;258.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;180.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;75.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Impairment:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;173.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Impairment losses on tangible fixed assets&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;173.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;173.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;173.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Carrying amount as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif;
 font-size: 10pt; margin-right: 5.65pt;"&gt;1,294.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-right: 5.65pt;"&gt;1,343.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1,492.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Of which finance leases as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;28.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;12.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;13.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Prepayments on vessels&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;44.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;72.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;34.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Additions&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;44.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;76.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;142.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Transferred
 to/from other items&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px;
 border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-105.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-104.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;88.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;44.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;72.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Carrying amount as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;88.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;44.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;72.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Other plant and operating equipment&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Cost:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt;
 font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.2&lt;/div&gt;&lt;/td&gt;&lt;td
 style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Additions&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;1.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Additions from business combinations&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Disposals&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Depreciation:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left:
 6.25pt;"&gt;Disposals&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-right: 5.65pt;"&gt;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Depreciations for the year&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Carrying amount as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Of which finance leases as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:ScheduleOfTangibleFixedAssetsTableTextBlock>
<trmd:ScheduleOfFinanceIncomeCostsTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Financial income&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Interest income from cash and cash equivalents &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Exchange rate adjustments, including gain from forward exchange rate contracts&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Financial expenses&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Interest expenses on mortgage and bank debt &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;33.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;29.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom;
 background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;&amp;#160;15.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Exchange rate adjustments, including loss from forward exchange rate contracts&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Other financial expenses&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;4.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;40.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;37.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;16.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total financial items&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-36.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-34.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-15.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom;" colspan="4"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Interest for financial assets and liabilities not at fair value through profit and loss.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:ScheduleOfFinanceIncomeCostsTableTextBlock>
<ifrs-full:DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Analysis as of 31 December of freight receivables:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Neither past due nor impaired&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;25.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;28.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;40.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Past due not impaired:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Due before 30 days&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;26.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;13.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;22.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Due between 30 and 180 days&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;18.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;18.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;16.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Past due and impaired:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Due after 180 days&lt;/div&gt;&lt;/td&gt;&lt;td style="width:
 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color:
 #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total gross&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;72.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;65.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;84.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Provision for impairment of freight receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total net&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;71.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;83.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</ifrs-full:DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory>
<trmd:ScheduleOfMovmentInProvisionsForImpairmentOfFreightReceivablesTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Provisions for impairment of Freight receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Addition from business combinations&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Provisions for the year&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Provisions reversed during the year&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif;
 font-size: 10pt; margin-right: 5.65pt;"&gt;2.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color:
 #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:ScheduleOfMovmentInProvisionsForImpairmentOfFreightReceivablesTableTextBlock>
<trmd:ScheduleOfIncomeTaxTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Tax for the year&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Current tax for the year&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Adjustments related to previous years&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Adjustment of deferred tax asset&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:ScheduleOfIncomeTaxTableTextBlock>
<ifrs-full:DisclosureOfDeferredTaxesExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Deferred tax liability&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance at 1 January&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;45.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;45.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Addition from business combination&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;45.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Deferred tax for the year&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;44.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;45.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;45.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</ifrs-full:DisclosureOfDeferredTaxesExplanatory>
<ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 770px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Common shares&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 770px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Number of shares&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Number of shares&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Number of shares&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 770px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;A-shares&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62,298,846&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62,298,846&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;63,836,249&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 770px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;B-shares&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 770px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;C-shares&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 770px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62,298,848&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62,298,848&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;63,836,251&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 770px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory>
<trmd:ScheduleOfTreasuryShareTransactionsTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="width: 70%; text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;Treasury shares&lt;/td&gt;
&lt;td style="width: 10%; text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;2017&lt;/td&gt;
&lt;td style="width: 10%; text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;2016&lt;/td&gt;
&lt;td style="width: 10%; text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;2015&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Number of shares ('000)&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Balance as of 1 January&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;312.9&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;15.3&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Additions&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;312.9&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;15.3&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Cancellations&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-15.3&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Disposals&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;Balance as of 31 December&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;312.9&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;312.9&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;15.3&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Nominal value USDm&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Balance as of 1 January&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Additions&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Cancellations&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;Disposals&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;Balance as of 31 December&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;% of share capital&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Balance as of 1 January&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;0.5&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;0.2&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Additions&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;0.5&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;0.2&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;Cancellations&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-0.2&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;Disposals&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;-&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style:
 solid;"&gt;-&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;Balance as of 31 December&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;0.5&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;0.5&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;0.2&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</trmd:ScheduleOfTreasuryShareTransactionsTableTextBlock>
<trmd:ScheduleOfOtherLiabilitiesExplanatoryTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="width: 80%; text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 10%; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 10%; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Partners and commercial managements&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;1.4&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2.0&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Accrued operating expenses&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;8.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;5.2&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Accrued interest&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;5.2&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;5.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Wages and social expenses&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;16.3&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;14.6&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Derivative financial instruments&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;4.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Payables to joint ventures&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.1&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.1&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Other&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2.3&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.5&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Balance as of 31 December&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;33.8&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;33.0&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</trmd:ScheduleOfOtherLiabilitiesExplanatoryTableTextBlock>
<trmd:ScheduleOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="padding-bottom: 2px; background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="padding-bottom: 2px; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 294px; vertical-align: bottom;" colspan="3"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 293px; vertical-align: bottom;" colspan="3"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 292px; vertical-align: bottom;" colspan="3"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Fixed/&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;floating&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Maturity&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Effective&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;interest&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Carrying&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;value&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Maturity&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Effective&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;interest&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Carrying&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;value&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Maturity&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Effective&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;interest&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Carrying&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;value&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;LOAN&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;DSF Facility 1 (USD)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Floating&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px;
 vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times,
 serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.4%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;74.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2019&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.6%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;109.4&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2019&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4,1%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;125.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;TFA Facility 1 (USD)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Floating&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.0%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;400.8&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.6%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;470.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.3%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;548.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;DSF Facility 3 (USD)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Floating&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.0%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;56.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.6%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;62.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4,4%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;66.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family:
 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;DSF Facility 4 (USD)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: left;
 text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Floating&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2022&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.1%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;26.8&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2022&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.8%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;30.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2019&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4,1%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;26.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;TFA Facility 2 (USD)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Floating&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2022&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.4%&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;115.0&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;ING (USD)&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Floating&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;2024&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.6%&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;45.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family:
 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;N/A&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Weighted average effective interest rate&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;5.1%&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.6%&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.3%&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Carrying value&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;719.1&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;671.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;767.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Hereof non-current &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;633.1&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;595.7&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;717.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td
 style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Hereof current &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000
 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;86.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;75.9&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;49.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1567px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Effective interest rate includes deferred and amortized bank fees.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1567px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;The carrying value of the Group's mortgage debt and bank loans is, due to their short-term nature of fixing of interest, approximate to fair value, and excludes amortized bank fees.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:ScheduleOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansTableTextBlock>
<trmd:ScheduleOfContractualObligationsByMaturitiesTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 586px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 79px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2019&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2020&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2021&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2022&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Thereafter&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 586px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Mortgage debt and bank loans&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 79px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;92.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;86.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;82.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;346.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;89.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;725.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 586px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Interest payments related to scheduled interest fixing&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 79px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;20.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;14.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;12.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;8.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size:
 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;56.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 586px; vertical-align: bottom;
 background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Estimated variable interest payments&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 79px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#178;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;11.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;13.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;12.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;9.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;51.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 586px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Finance lease liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 79px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;15.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 586px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Interest element regarding finance lease&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 79px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;7.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 586px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Newbuilding installments&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 79px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#179;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;144.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;162.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px;
 vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px;
 vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;306.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 586px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Chartered-in vessels (operating lease)&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 79px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#8308;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 586px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Other operating leases&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 79px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#8309;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;5.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 586px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Trade payables and other obligations&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 79px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;51.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;
 background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;
 background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;51.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 586px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 79px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;331.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;284.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;112.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;370.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;107.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;30.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1,235.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;The presented amounts to be repaid do not include directly related costs arising from the issuing of the loans of USD 4.8m (2016: USD 2.0m), which are amortized over the term of the loans. Borrowing costs capitalized during the year amount to USD 3.5m (2016: USD 1.3m).&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Variable interest payments are estimated based on the forward rates for each interest period.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;As of 31 December 2017, TORM had ten contracted newbuildings (2016: four) to be delivered during 2018-2019.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8308;&amp;#8318;&lt;/font&gt;&amp;#160;Leases have been entered into with a mutually non-cancellable lease period of up to eight years. Certain leases include a profit-sharing element implying that the actual charter hire may be higher. The average period until redelivery of the vessels is 0.5 years (2016: 0.9 years). The leasing expense for 2017 amounts to USD 8.5m (2016: USD 21.5m, 2015: USD 12.0m) and is recognized under "Charter hire".&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/font&gt;&amp;#160;Other operating leases primarily consist of contracts regarding office spaces, cars and apartments as well as IT-related contracts. The leasing expense for 2017
 amounts to USD 2.3m (2016: USD 2.2m) and is recognized under "Administrative expenses".&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:ScheduleOfContractualObligationsByMaturitiesTableTextBlock>
<ifrs-full:DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 790px; padding-bottom: 2px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 125px; padding-bottom: 2px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 259px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;" colspan="2"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Cash&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 251px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;" colspan="2"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Non-cash&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; padding-bottom: 2px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 790px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Opening balance as of 1 January 2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Borrowings&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 134px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Repayments&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Changes in fair value&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Other changes&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;End balance as of 31 December 2017&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 790px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Mortgage debt&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;669.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;175.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 134px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-125.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;720.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 790px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Financial lease&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;13.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;30.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 134px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-16.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 790px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Swaps, fair value hedging&lt;/div&gt;&lt;/td&gt;&lt;td
 style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;
 background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 134px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-1.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 790px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;685.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;205.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 134px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-143.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;749.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 790px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</ifrs-full:DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory>
<ifrs-full:DisclosureOfFinanceLeaseAndOperatingLeaseByLessorExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="width: 37.75%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 5.06%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2018&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2019&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2020&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2021&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2022&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Thereafter&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.12%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Total&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 37.75%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Contractual rights - as lessor:&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 5.06%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 8.12%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 37.75%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Charter hire income for vessels&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 5.06%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#8310;&amp;#8318;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;45.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.7&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.12%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;50.2&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 37.75%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 5.06%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000;
 border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;45.5&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.7&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 8.12%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;50.2&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;div&gt;&amp;#160;&lt;/div&gt;
&lt;table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="width: 100%; vertical-align: bottom;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt; Charter hire income for vessels on time charter and bareboat charter is recognized under "Revenue". The average period until redelivery of the vessels is 1.1 year (2016: 2.1 years).&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</ifrs-full:DisclosureOfFinanceLeaseAndOperatingLeaseByLessorExplanatory>
<trmd:DisclosureOfDerivativeFinancialInstrumentsTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Fair value of derivatives:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Derivative financial instruments regarding freight and bunkers:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Forward Freight Agreements&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Bunker swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Derivative financial instruments regarding interest and currency exchange rate:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Forward exchange contracts&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-4.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Interest rate swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;5.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Fair value of derivatives as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;7.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color:
 #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt;
 font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Of which included in:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Other receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;7.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Other liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-4.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:DisclosureOfDerivativeFinancialInstrumentsTableTextBlock>
<trmd:DisclosureOfRealizedAmountsAndFairValueAdjustmentsForDerivativeFinancialInstrumentsTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 509px; padding-bottom: 2px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 782px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;" colspan="3"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Income statement&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Equity&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Revenue&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Port expenses, bunkers and commissions&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Financial items&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Hedging reserves&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Forward Freight Agreements&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Bunker swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Forward exchange contracts&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-1.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Interest rate swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="width:
 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;
 background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-2.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;2.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-3.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;6.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Forward Freight Agreements&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Bunker swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Forward exchange contracts&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-3.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom;
 border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Interest rate swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-2.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-2.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-1.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Forward Freight Agreements&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Bunker swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Forward exchange contracts&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width:
 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Interest rate swaps&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 509px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;0.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;1.4&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:DisclosureOfRealizedAmountsAndFairValueAdjustmentsForDerivativeFinancialInstrumentsTextBlock>
<trmd:SensitivityAnalysisForChangesInFreighTratesTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="widows: 2; text-transform: none; text-indent: 0px; width: 80%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;2018&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; width: 1095px; vertical-align: top;"&gt;&lt;font size="2"&gt;Decrease in freight rates of USD/day&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 154px; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;1,000:&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Changes in profit before tax&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;24.1&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;25.0&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;26.7&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Changes in equity&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;24.1&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;25.0&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;26.7&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;div&gt;&amp;#160;&lt;/div&gt;</trmd:SensitivityAnalysisForChangesInFreighTratesTableTextBlock>
<trmd:ScheduleOfSensitivityAnalysisImpactOf10PercentPerTonIncreaseInBunkerPricesTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 80%;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="width: 70%; text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 10%; text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2018&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 10%; text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 10%; text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Increase in the bunker prices of 10% per ton:&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Changes in profit before tax&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-18.3&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-15.6&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-12.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Changes in equity&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-18.3&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-15.6&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-12.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</trmd:ScheduleOfSensitivityAnalysisImpactOf10PercentPerTonIncreaseInBunkerPricesTableTextBlock>
<trmd:ScheduleOfSensitivityAnalysisImpactOf10PercentChangeInExchangeRateTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 80%;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="width: 70%; text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 10%; text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2018&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 10%; text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 10%; text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Effect of a 10% increase of DKK and EUR:&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Changes in profit before tax&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-2.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-1.7&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-2.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Changes in equity&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-2.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-1.7&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-2.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</trmd:ScheduleOfSensitivityAnalysisImpactOf10PercentChangeInExchangeRateTableTextBlock>
<trmd:ScheduleOfSensitivityAnalysisImpactOf1PercentPointIncreaseInInterestRateTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 80%;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2018&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 70%; text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Effect of a 1%-point increase in interest rates:&lt;/font&gt;&lt;/td&gt;
&lt;td style="width: 10%; text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="width: 10%; text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="width: 10%; text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Changes in profit before tax&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-3.2&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-2.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-3.3&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Changes in equity&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;3.6&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;6.8&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;9.5&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</trmd:ScheduleOfSensitivityAnalysisImpactOf1PercentPointIncreaseInInterestRateTableTextBlock>
<trmd:DisclosureOfFaiRvalueMeasurementOfAssetsAndLiabilitiesTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Categories of financial assets and liabilities (USDm):&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Quoted&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;prices&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;(level 1)&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Observable&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;input&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;(level 2)&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Unobservable&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;input&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;(level 3)&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Fair value&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Amortized cost&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Carrying value&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2017:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Loans and receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Freight receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new
 roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align:
 bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;71.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;71.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Other receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;7.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;7.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;11.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Cash and cash equivalents&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;134.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;134.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;7.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;7.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;&amp;#160;&amp;#160;209.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right;
 font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;217.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Financial liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Mortgage debt and bank loans&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#178;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;720.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;720.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Finance lease liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Trade payables&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td
 style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family:
 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;26.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;26.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 14px;"&gt;&lt;td style="width: 709px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Other liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;34.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;33.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;809.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;809.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2016:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width:
 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color:
 #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Loans and receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Freight receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;62.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;62.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Other receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;8.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Cash and cash equivalents&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px;
 vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman',
 times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;76.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;76.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;143.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;146.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Financial liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Mortgage debt and bank loans&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#178;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;669.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;669.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Finance lease liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px;
 vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;13.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;13.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Trade payables&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Other liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;33.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width:
 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;740.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;744.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Due to the short maturity, the carrying value is considered to be an appropriate expression of the fair value.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;See note 15.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:DisclosureOfFaiRvalueMeasurementOfAssetsAndLiabilitiesTableTextBlock>
<trmd:DisclosureOfCashFlowStatementTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Reversal of other non-cash movements:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Amortization of acquired assets and liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.7&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Exchange rate adjustments&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-2.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Share-based payments&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Equity transactions expensed in relation to the Corporate Reorganization&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-6.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12px;"&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Other adjustments&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman',
 times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px;
 vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-7.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-0.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2015&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Change in bunkers, receivables and payables:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Change in bunkers&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-6.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;15.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Change in receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-12.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;18.1&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;6.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Change in prepayments&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.7&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;4.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Change in trade payables and other liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px;
 vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-4.5&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom;
 background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;-5.4&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-11.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Adjusted for fair value changes of derivative financial instruments&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;6.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-1.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-13.0&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;8.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;16.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:DisclosureOfCashFlowStatementTableTextBlock>
<ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Entity&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Country&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; padding-bottom: 2px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: top; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;TORM plc&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;United Kingdom&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Investments in subsidiaries&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8312;&amp;#8318;&lt;/font&gt;:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Entity&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Country&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Ownership&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8311;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;TORM A/S &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;DK Vessel HoldCo GP ApS &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;DK Vessel HoldCo K/S &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM (Gibraltar) Njord Midco Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Gibraltar&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Njord Chartering Inc&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall
 Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right;
 font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Agnes, Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Alice, Pte. Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Almena, Pte. Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Amalie, Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Aslaug, Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Hardrada, Pte. Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings St.Michaelis Pte. Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings St. Gabriel Pte. Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Harald Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif;
 font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Gorm Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Knut Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Valdemar Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Agnete, Pte. Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Alexandra, Pte. Ltd&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Anabel, Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Arawa Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Singapore Njord Holdings Leif Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM
 Singapore Njord Holdings Rolf Pte. Ltd&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif;
 font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Investments in subsidiaries&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8312;&amp;#8318;&lt;/font&gt;&amp;#160;- continued:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Entity&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Country&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Ownership&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8311;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Holdings Mrs Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Njord Anne Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Njord Freya Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Njord Gerd Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Njord Gertrud Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Njord Gunhild Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-left: 6.25pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size:
 10pt; margin-left: 6.25pt;"&gt;OCM Njord Helene Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Njord Helvig Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Njord Ingeborg Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Njord Mary Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Njord Ragnhild Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Njord Thyra Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Njord Valborg Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OCM Njord Vita Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;OMI Holding Ltd. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8310;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Mauritius&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color:
 #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Torghatten &amp;amp; TORM Shipowning ApS &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif;
 font-size: 10pt; margin-left: 6.25pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;TORM Brasil Consultoria em Transporte Maritimo LTDA. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8308;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Brazil&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;TORM Crewing Service Ltd.&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Bermuda&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;TORM Shipping India Private Limited &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;India&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;TORM Singapore Pte. Ltd. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;TORM USA LLC &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USA&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;TT Shipowning K/S &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8309;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo 1 K/S &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div
 style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color:
 #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Investments in subsidiaries&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8312;&amp;#8318;&lt;/font&gt;&amp;#160;- continued:&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Entity&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Country&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Ownership&amp;#160;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8311;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo 2 Pte. Ltd. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;sup style="line-height: 1; font-size: smaller; vertical-align: text-top;"&gt;4&lt;/sup&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/font&gt;&amp;#160;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo 3 K/S &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo 4 Pte. Ltd. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;sup style="line-height: 1; font-size: smaller; vertical-align: text-top;"&gt;4&lt;/sup&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo 5 K/S &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;&amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo 6 Pte. Ltd.&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times,
 serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo 7 Pte. Ltd. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new
 roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo 8 Pte. Ltd. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo 9 Pte. Ltd. &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo 10 Pte. Ltd. &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo 11 Pte. Ltd. &amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo 12 Pte. Ltd. &amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;TORM Shipping (Phils.), Inc. &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Philippines&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;25%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo A ApS &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo C ApS &amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new
 roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;VesselCo E ApS &amp;#179;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom;
 border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;100%&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;1) Entities added in the financial year ended 31 December&amp;#160; 2015.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;2) Entities added in the financial year ended 31 December 2016.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;3) Entities added in the financial year ended 31 December 2017.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;4) Entities dissolved in the financial year ended 31 December 2015.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;5) Entities dissolved in the financial year ended 31 December 2016.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;6) Entities dissolved in the financial year ended 31 December 2017.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;" colspan="3"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;7) For all subsidiaries, ownership and voting rights are the same except for TORM SHIPPING (PHILS.) INC where voting rights are 100%.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;" colspan="3"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;8) All subsidiaries are consolidated in full.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory>
<trmd:ScheduleOfRegisteredAddressesTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;India&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Philippines&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Tuborg Havnevej 18,&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;2nd Floor&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;7th Floor&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;6 Battery Road #27-02&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;DK-2900 Hellerup&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Leela Business Park&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Salcedo Towers, 169&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore 049909&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Denmark&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Andheri-Kurla Road&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;HV dela Costa Street&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Singapore&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Andheri (E)&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Salcedo Village,&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Mumbai 400059&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Makati City&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;India&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Philippines 1227&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;
 background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;United
 Kingdom&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;USA&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Marshall Islands&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Mauritius&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Birchin Court&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Suite 710&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;c/o The Trust&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;c/o Temple Corporate&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;20 Birchin Lane&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;2500 City West&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Company of&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Services&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;London, EC3V 9DU&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Boulevard&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Marshall Islands, Inc.&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Temple Court 2,&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;United Kingdom&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;77042, Houston , Texas&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;P.O. Box 2095&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Labourdonnais Street&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USA&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Reston VA 20195-0095&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Port Louis&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USA&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Mauritius&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times,
 serif; font-size: 10pt;"&gt;Bermuda&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align:
 left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Gibraltar&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Brazil&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;c/o Estera Services&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;57/63 Line Wall Road&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Avenida Rio Branco&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;(Bermuda Limited)&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;GX11 1AA&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;01-1201&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Canon's Court&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Gibraltar&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;CEP 200090-003&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;22 Victoria Street&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Rio de Janeiro&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;PO Box 1624&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Brazil&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Hamilton HM GX&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Bermuda&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:ScheduleOfRegisteredAddressesTableTextBlock>
<ifrs-full:DisclosureOfJointVenturesExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="width: 100%; vertical-align: bottom; background-color: #ffffff;" colspan="6"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#160;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 23.98%; padding-bottom: 2px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; padding-bottom: 2px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; padding-bottom: 2px; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 50.42%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;" colspan="3"&gt;
&lt;div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2017&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 23.98%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Entity&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Country&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;% Control&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 16.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Profit and&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;loss from&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;continuing&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;operations&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 16.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Other compre-hensive&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;income&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 16.82%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Total compre-hensive&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;income&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 23.98%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Long Range 2 A/S&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Denmark&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;50%&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 16.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 16.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 16.82%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 23.98%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;LR2 Management K/S&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Denmark&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;50%&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 16.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 16.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 16.82%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 23.98%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 16.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 16.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 16.82%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</ifrs-full:DisclosureOfJointVenturesExplanatory>
<ifrs-full:PercentageOfVotingEquityInterestsAcquired contextRef="Context_As_Of_27_Mar_2015T00_00_00_TO_27_Mar_2015T00_00_00_BusinessCombinationsAxis_TormAsMember" unitRef="pure" decimals="2">0.62</ifrs-full:PercentageOfVotingEquityInterestsAcquired>
<ifrs-full:PercentageOfVotingEquityInterestsAcquired contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember_CategoriesOfRelatedPartiesAxis_OcmNjordHoldingsS..R.L.Member_BusinessCombinationsAxis_BusinessCombinationsMember" unitRef="pure" decimals="2">1.00</ifrs-full:PercentageOfVotingEquityInterestsAcquired>
<trmd:PercentageOfSharesExchanged contextRef="Context_As_Of_15_Apr_2016T00_00_00_TO_15_Apr_2016T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember" unitRef="pure" decimals="3">0.976</trmd:PercentageOfSharesExchanged>
<trmd:PercentageOfNonControllingInterestSharesAcquired contextRef="Context_As_Of_15_Apr_2016T00_00_00_TO_15_Apr_2016T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember" unitRef="pure" decimals="3">0.024</trmd:PercentageOfNonControllingInterestSharesAcquired>
<ifrs-full:CashTransferred contextRef="Context_As_Of_15_Apr_2016T00_00_00_TO_15_Apr_2016T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember" unitRef="USD" decimals="-5">19200000</ifrs-full:CashTransferred>
<trmd:RatioOfWarrantsExchanged contextRef="Context_As_Of_15_Apr_2016T00_00_00_TO_15_Apr_2016T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember" unitRef="ratio" decimals="0">1</trmd:RatioOfWarrantsExchanged>
<ifrs-full:NetDebt contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">620000000</ifrs-full:NetDebt>
<ifrs-full:UndrawnBorrowingFacilities contextRef="Context_As_Of_31_Jul_2015T00_00_00_TO_31_Jul_2015T00_00_00_BorrowingsByNameAxis_WorkingCapitalFacilityMember" unitRef="USD" decimals="-6">75000000</ifrs-full:UndrawnBorrowingFacilities>
<ifrs-full:UndrawnBorrowingFacilities contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="USD" decimals="-6">75000000</ifrs-full:UndrawnBorrowingFacilities>
<ifrs-full:UndrawnBorrowingFacilities contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-6">190000000</ifrs-full:UndrawnBorrowingFacilities>
<ifrs-full:UndrawnBorrowingFacilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">271000000</ifrs-full:UndrawnBorrowingFacilities>
<ifrs-full:UndrawnBorrowingFacilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_WorkingCapitalFacilityMember" unitRef="USD" decimals="-6">75000000</ifrs-full:UndrawnBorrowingFacilities>
<ifrs-full:UndrawnBorrowingFacilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_BilateralBorrowingFacilityMember_CategoriesOfRelatedPartiesAxis_ChinaExportImportBankMember" unitRef="USD" decimals="-6">115000000</ifrs-full:UndrawnBorrowingFacilities>
<ifrs-full:UndrawnBorrowingFacilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_BilateralBorrowingFacilityMember_CategoriesOfRelatedPartiesAxis_DanishShipFinanceMember" unitRef="USD" decimals="-6">81000000</ifrs-full:UndrawnBorrowingFacilities>
<ifrs-full:UndrawnBorrowingFacilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_RevolvingCreditFacilitiesMember" unitRef="USD" decimals="-6">75000000</ifrs-full:UndrawnBorrowingFacilities>
<trmd:LoanToValueRatio contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="3">0.558</trmd:LoanToValueRatio>
<trmd:NumberOfBusinessSegments contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="Segment" decimals="INF">2</trmd:NumberOfBusinessSegments>
<trmd:NumberOfGeographicalSegments contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="Segment" decimals="INF">1</trmd:NumberOfGeographicalSegments>
<trmd:PercentageOfDemurrageClaimRecognizedAsRevenue contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.95</trmd:PercentageOfDemurrageClaimRecognizedAsRevenue>
<trmd:AveragePeriodOfReceivingDemurragePayment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">P100D</trmd:AveragePeriodOfReceivingDemurragePayment>
<ifrs-full:DepreciationMethodPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">straight-line basis</ifrs-full:DepreciationMethodPropertyPlantAndEquipment>
<ifrs-full:UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_OtherPropertyPlantAndEquipmentMember">over five years</ifrs-full:UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment>
<ifrs-full:UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_ShipsMember">25 years</ifrs-full:UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment>
<ifrs-full:UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_ComputerEquipmentMember">over three years</ifrs-full:UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment>
<trmd:NumberOfCashGeneratingUnit contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="cashgeneratingunit" decimals="INF">2</trmd:NumberOfCashGeneratingUnit>
<trmd:NumberOfCashGeneratingUnit contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="cashgeneratingunit" decimals="INF">1</trmd:NumberOfCashGeneratingUnit>
<trmd:NumberOfCashGeneratingUnit contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="cashgeneratingunit" decimals="INF">1</trmd:NumberOfCashGeneratingUnit>
<trmd:MinimumPercentageOfDifferenceToRecognizeNewFinancialLiability contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.10</trmd:MinimumPercentageOfDifferenceToRecognizeNewFinancialLiability>
<ifrs-full:Cash contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="USD" decimals="-6">168000000</ifrs-full:Cash>
<ifrs-full:Cash contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-6">76000000</ifrs-full:Cash>
<ifrs-full:Cash contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">134000000</ifrs-full:Cash>
<trmd:NewBuildingsOnOrderForDelivery contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="Newbuilding" decimals="INF">7</trmd:NewBuildingsOnOrderForDelivery>
<trmd:NewBuildingsOnOrderForDelivery contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="Newbuilding" decimals="INF">4</trmd:NewBuildingsOnOrderForDelivery>
<trmd:NewBuildingsOnOrderForDelivery contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="Newbuilding" decimals="INF">10</trmd:NewBuildingsOnOrderForDelivery>
<ifrs-full:CapitalCommitments contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="USD" decimals="-6">224000000</ifrs-full:CapitalCommitments>
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<ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_NameOfDirectorAxis_AlexanderGreenMember" unitRef="USD" decimals="-3" id="Footnote-11_12">0</ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits>
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<ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">812000</ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits>
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<ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_NameOfDirectorAxis_ChristopherHBoehringerMember" unitRef="USD" decimals="-3">290000</ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits>
<ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_NameOfDirectorAxis_KariMillumGardarnarMember" unitRef="USD" decimals="-3" id="Footnote-13_3">0</ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits>
<ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_NameOfDirectorAxis_RasmusJohannesHoffmannMember" unitRef="USD" decimals="-3" id="Footnote-12_8">0</ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits>
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<ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_NameOfDirectorAxis_OlivierDuboisMember" unitRef="USD" decimals="-3" id="Footnote-11_18">0</ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits>
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<ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_NameOfDirectorAxis_JonSyvertsenMember" unitRef="USD" decimals="-3" id="Footnote-11_20">0</ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits>
<ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_NameOfDirectorAxis_DavidWeinsteinMember" unitRef="USD" decimals="-3">174000</ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits>
<ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_NameOfDirectorAxis_TorbenJanholtMember" unitRef="USD" decimals="-3">174000</ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits>
<ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_NameOfDirectorAxis_GoranTrappMember" unitRef="USD" decimals="-3">174000</ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits>
<ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_NameOfDirectorAxis_JefferySteinMember" unitRef="USD" decimals="-3" id="Footnote-12_9">0</ifrs-full:KeyManagementPersonnelCompensationTerminationBenefits>
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<trmd:EmployeeTransactionBonus contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_NameOfDirectorAxis_JacobMeldgaardMember_CategoriesOfRelatedPartiesAxis_TormAsMember" unitRef="USD" decimals="-3" id="Footnote-7_19">0</trmd:EmployeeTransactionBonus>
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<ifrs-full:DirectorsRemunerationExpense contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_NameOfDirectorAxis_JacobMeldgaardMember_CategoriesOfRelatedPartiesAxis_TormAsMember" unitRef="USD" decimals="-3" id="Footnote-7_24">1545000</ifrs-full:DirectorsRemunerationExpense>
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<ifrs-full:NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember" unitRef="Share" decimals="-3">0</ifrs-full:NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement>
<ifrs-full:NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember" unitRef="Share" decimals="-3">0</ifrs-full:NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement>
<ifrs-full:NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember" unitRef="Share" decimals="-3">0</ifrs-full:NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement>
<ifrs-full:NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember" unitRef="Share" decimals="-2">233900</ifrs-full:NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement>
<ifrs-full:NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember" unitRef="Share" decimals="-3">0</ifrs-full:NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement>
<ifrs-full:NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember" unitRef="Share" decimals="-2">127600</ifrs-full:NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement>
<ifrs-full:NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember" unitRef="Share" decimals="-2">21300</ifrs-full:NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement>
<ifrs-full:NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember" unitRef="Share" decimals="-3">0</ifrs-full:NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement>
<ifrs-full:NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember" unitRef="Share" decimals="-2">538900</ifrs-full:NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement>
<ifrs-full:NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember" unitRef="Share" decimals="-2">255300</ifrs-full:NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement>
<trmd:NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="seafarer" decimals="INF">65</trmd:NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses>
<trmd:NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="seafarer" decimals="INF">137</trmd:NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses>
<trmd:NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="seafarer" decimals="INF">131</trmd:NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses>
<ifrs-full:KeyManagementPersonnelCompensation contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_CategoriesOfRelatedPartiesAxis_KeyManagementPersonnelOfEntityOrParentMember" unitRef="USD" decimals="0">2944715</ifrs-full:KeyManagementPersonnelCompensation>
<ifrs-full:KeyManagementPersonnelCompensation contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_CategoriesOfRelatedPartiesAxis_KeyManagementPersonnelOfEntityOrParentMember" unitRef="USD" decimals="0">1735563</ifrs-full:KeyManagementPersonnelCompensation>
<ifrs-full:KeyManagementPersonnelCompensation contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfRelatedPartiesAxis_KeyManagementPersonnelOfEntityOrParentMember" unitRef="USD" decimals="0">1625425</ifrs-full:KeyManagementPersonnelCompensation>
<ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_CategoriesOfRelatedPartiesAxis_KeyManagementPersonnelOfEntityOrParentMember" unitRef="USD" decimals="0">180354</ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits>
<ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_CategoriesOfRelatedPartiesAxis_KeyManagementPersonnelOfEntityOrParentMember" unitRef="USD" decimals="0">93163</ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits>
<ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfRelatedPartiesAxis_KeyManagementPersonnelOfEntityOrParentMember" unitRef="USD" decimals="0">112236</ifrs-full:KeyManagementPersonnelCompensationPostemploymentBenefits>
<trmd:VestingPeriodOfOtherEquityInstrumentsGranted contextRef="Context_Custom_01_Jan_2017T00_00_00_TO_31_Jan_2017T00_00_00_CategoriesOfRelatedPartiesAxis_ChiefExecutiveOfficerCEOMember_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember">P5Y</trmd:VestingPeriodOfOtherEquityInstrumentsGranted>
<trmd:VestingPeriodOfOtherEquityInstrumentsGranted contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">P3Y</trmd:VestingPeriodOfOtherEquityInstrumentsGranted>
<trmd:VestingPeriodOfOtherEquityInstrumentsGranted contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfRelatedPartiesAxis_ChiefExecutiveOfficerCEOMember_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember">P5Y</trmd:VestingPeriodOfOtherEquityInstrumentsGranted>
<trmd:InstallmentOfGrantAmountVestingAtEachAnniversary contextRef="Context_Custom_01_Jan_2017T00_00_00_TO_31_Jan_2017T00_00_00_CategoriesOfRelatedPartiesAxis_ChiefExecutiveOfficerCEOMember_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember">P5Y</trmd:InstallmentOfGrantAmountVestingAtEachAnniversary>
<trmd:NumberOfSharesVestedAtFirstAnniversaryOtherEquityInstruments contextRef="Context_Custom_01_Jan_2017T00_00_00_TO_31_Jan_2017T00_00_00_CategoriesOfRelatedPartiesAxis_ChiefExecutiveOfficerCEOMember_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember" unitRef="Share" decimals="INF">255345</trmd:NumberOfSharesVestedAtFirstAnniversaryOtherEquityInstruments>
<trmd:ExercisePriceOfOtherEquityInstrumentsAfterVestingDate contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember" unitRef="DKK_per_Share" decimals="1">93.5</trmd:ExercisePriceOfOtherEquityInstrumentsAfterVestingDate>
<trmd:ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">P6M</trmd:ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate>
<trmd:ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfRelatedPartiesAxis_ChiefExecutiveOfficerCEOMember_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember">P12M</trmd:ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate>
<trmd:AuditFeesForAuditOfAnnualAccounts contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">200000</trmd:AuditFeesForAuditOfAnnualAccounts>
<trmd:AuditFeesForAuditOfAnnualAccounts contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">400000</trmd:AuditFeesForAuditOfAnnualAccounts>
<trmd:AuditFeesForAuditOfAnnualAccounts contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">400000</trmd:AuditFeesForAuditOfAnnualAccounts>
<trmd:AuditFeesForAuditOfSubsidiariesPursuantToLegislation contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">100000</trmd:AuditFeesForAuditOfSubsidiariesPursuantToLegislation>
<trmd:AuditFeesForAuditOfSubsidiariesPursuantToLegislation contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">100000</trmd:AuditFeesForAuditOfSubsidiariesPursuantToLegislation>
<trmd:AuditFeesForAuditOfSubsidiariesPursuantToLegislation contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">200000</trmd:AuditFeesForAuditOfSubsidiariesPursuantToLegislation>
<trmd:AuditFees contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">300000</trmd:AuditFees>
<trmd:AuditFees contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">500000</trmd:AuditFees>
<trmd:AuditFees contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">600000</trmd:AuditFees>
<ifrs-full:AuditorsRemunerationForAuditServices contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">1100000</ifrs-full:AuditorsRemunerationForAuditServices>
<ifrs-full:AuditorsRemunerationForAuditServices contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">600000</ifrs-full:AuditorsRemunerationForAuditServices>
<ifrs-full:AuditorsRemunerationForAuditServices contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">400000</ifrs-full:AuditorsRemunerationForAuditServices>
<ifrs-full:AuditorsRemunerationForTaxServices contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">500000</ifrs-full:AuditorsRemunerationForTaxServices>
<ifrs-full:AuditorsRemunerationForTaxServices contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">300000</ifrs-full:AuditorsRemunerationForTaxServices>
<ifrs-full:AuditorsRemunerationForTaxServices contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">0</ifrs-full:AuditorsRemunerationForTaxServices>
<ifrs-full:AuditorsRemunerationForOtherServices contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">200000</ifrs-full:AuditorsRemunerationForOtherServices>
<ifrs-full:AuditorsRemunerationForOtherServices contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">100000</ifrs-full:AuditorsRemunerationForOtherServices>
<ifrs-full:AuditorsRemunerationForOtherServices contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">0</ifrs-full:AuditorsRemunerationForOtherServices>
<trmd:NonAuditFees contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">1800000</trmd:NonAuditFees>
<trmd:NonAuditFees contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">1000000</trmd:NonAuditFees>
<trmd:NonAuditFees contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">400000</trmd:NonAuditFees>
<ifrs-full:AuditorsRemuneration contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">2100000</ifrs-full:AuditorsRemuneration>
<ifrs-full:AuditorsRemuneration contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">1500000</ifrs-full:AuditorsRemuneration>
<ifrs-full:AuditorsRemuneration contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">1000000</ifrs-full:AuditorsRemuneration>
<ifrs-full:Goodwill contextRef="Context_As_Of_31-Dec-2014T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-6">0</ifrs-full:Goodwill>
<ifrs-full:Goodwill contextRef="Context_As_Of_31-Dec-2014T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-6">0</ifrs-full:Goodwill>
<ifrs-full:Goodwill contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">11400000</ifrs-full:Goodwill>
<ifrs-full:Goodwill contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="USD" decimals="-5">11400000</ifrs-full:Goodwill>
<ifrs-full:Goodwill contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">11400000</ifrs-full:Goodwill>
<ifrs-full:Goodwill contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-6">0</ifrs-full:Goodwill>
<ifrs-full:Goodwill contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-6">0</ifrs-full:Goodwill>
<ifrs-full:Goodwill contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">11400000</ifrs-full:Goodwill>
<ifrs-full:Goodwill contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">-11400000</ifrs-full:Goodwill>
<ifrs-full:Goodwill contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">0</ifrs-full:Goodwill>
<ifrs-full:Goodwill contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">11400000</ifrs-full:Goodwill>
<ifrs-full:Goodwill contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">-11400000</ifrs-full:Goodwill>
<ifrs-full:AdditionalRecognitionGoodwill contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">11400000</ifrs-full:AdditionalRecognitionGoodwill>
<ifrs-full:AdditionalRecognitionGoodwill contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-6">0</ifrs-full:AdditionalRecognitionGoodwill>
<ifrs-full:AdditionalRecognitionGoodwill contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-6">0</ifrs-full:AdditionalRecognitionGoodwill>
<ifrs-full:AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-6">0</ifrs-full:AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill>
<ifrs-full:AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">-11400000</ifrs-full:AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill>
<ifrs-full:AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-6">0</ifrs-full:AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_OtherPropertyPlantAndEquipmentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">900000</ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">112000000</ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_OtherPropertyPlantAndEquipmentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">1100000</ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">40800000</ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_OtherPropertyPlantAndEquipmentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">1000000</ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">103100000</ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_OtherPropertyPlantAndEquipmentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">2500000</ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">857400000</ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">-18600000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_OtherPropertyPlantAndEquipmentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">-200000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_OtherPropertyPlantAndEquipmentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">-200000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">-18600000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">-15900000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_OtherPropertyPlantAndEquipmentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">-1600000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_OtherPropertyPlantAndEquipmentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">-1600000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">-16300000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">-14300000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_OtherPropertyPlantAndEquipmentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">-100000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_OtherPropertyPlantAndEquipmentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">-100000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DisposalsPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">-14300000</ifrs-full:DisposalsPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">66500000</ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_OtherPropertyPlantAndEquipmentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">900000</ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">120400000</ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_OtherPropertyPlantAndEquipmentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">1800000</ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">113600000</ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:DepreciationPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_OtherPropertyPlantAndEquipmentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">900000</ifrs-full:DepreciationPropertyPlantAndEquipment>
<ifrs-full:IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">104600000</ifrs-full:IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment>
<ifrs-full:IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">105400000</ifrs-full:IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment>
<ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">-300000</ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment>
<ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">-18000000</ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment>
<ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedDepreciationAmortisationAndImpairmentMember" unitRef="USD" decimals="-5">-20800000</ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment>
<ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">-59600000</ifrs-full:DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment>
<ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-6">0</ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment>
<ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">173600000</ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment>
<trmd:PrepaymentsOnVesselsAdditions contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember" unitRef="USD" decimals="-5">142500000</trmd:PrepaymentsOnVesselsAdditions>
<trmd:PrepaymentsOnVesselsAdditions contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember" unitRef="USD" decimals="-5">76900000</trmd:PrepaymentsOnVesselsAdditions>
<trmd:PrepaymentsOnVesselsAdditions contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember" unitRef="USD" decimals="-5">44300000</trmd:PrepaymentsOnVesselsAdditions>
<trmd:PrepaymentsOnVesselsTransferredToFromOtherItems contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember" unitRef="USD" decimals="-5">104600000</trmd:PrepaymentsOnVesselsTransferredToFromOtherItems>
<trmd:PrepaymentsOnVesselsTransferredToFromOtherItems contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember" unitRef="USD" decimals="-5">105400000</trmd:PrepaymentsOnVesselsTransferredToFromOtherItems>
<ifrs-full:InterestCostsCapitalised contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember" unitRef="USD" decimals="-5">81700000</ifrs-full:InterestCostsCapitalised>
<ifrs-full:InterestCostsCapitalised contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember" unitRef="USD" decimals="-5">80400000</ifrs-full:InterestCostsCapitalised>
<ifrs-full:InterestCostsCapitalised contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfPropertyPlantAndEquipmentAxis_VesselsAndCapitalizedDryDockingMember" unitRef="USD" decimals="-5">68100000</ifrs-full:InterestCostsCapitalised>
<trmd:DescriptionOfHistoricalAverageSpotFreightRates contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">10-year</trmd:DescriptionOfHistoricalAverageSpotFreightRates>
<trmd:PercentageOfAdjustmentOfOperatingExpensesForInflation contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="2">0.02</trmd:PercentageOfAdjustmentOfOperatingExpensesForInflation>
<trmd:PercentageOfAdjustmentOfOperatingExpensesForInflation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.03</trmd:PercentageOfAdjustmentOfOperatingExpensesForInflation>
<trmd:PercentageOfAdjustmentOfAdministrativeExpensesForInflation contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="2">0.02</trmd:PercentageOfAdjustmentOfAdministrativeExpensesForInflation>
<trmd:PercentageOfAdjustmentOfAdministrativeExpensesForInflation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.02</trmd:PercentageOfAdjustmentOfAdministrativeExpensesForInflation>
<trmd:ExpectedToGenerateNormalIncomeFromDeliveryFromShipyardPeriod contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">P25Y</trmd:ExpectedToGenerateNormalIncomeFromDeliveryFromShipyardPeriod>
<trmd:AverageRemainingLifeOfTanker contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">P14Y</trmd:AverageRemainingLifeOfTanker>
<ifrs-full:InterestIncomeOnCashAndCashEquivalents contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-4" id="Footnote-15_1">300000</ifrs-full:InterestIncomeOnCashAndCashEquivalents>
<ifrs-full:InterestIncomeOnCashAndCashEquivalents contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-4" id="Footnote-15_2">200000</ifrs-full:InterestIncomeOnCashAndCashEquivalents>
<ifrs-full:InterestIncomeOnCashAndCashEquivalents contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-4" id="Footnote-15_3">1600000</ifrs-full:InterestIncomeOnCashAndCashEquivalents>
<ifrs-full:InterestExpenseOnOtherFinancialLiabilities contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-4">1300000</ifrs-full:InterestExpenseOnOtherFinancialLiabilities>
<ifrs-full:InterestExpenseOnOtherFinancialLiabilities contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-4">5200000</ifrs-full:InterestExpenseOnOtherFinancialLiabilities>
<ifrs-full:InterestExpenseOnOtherFinancialLiabilities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-4">4100000</ifrs-full:InterestExpenseOnOtherFinancialLiabilities>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31-Dec-2014T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">0</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="USD" decimals="-5">200000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-2">84800</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">1700000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember_ImpairmentOfFinancialAssetsAxis_FinancialAssetsNeitherPastDueNorImpairedMember" unitRef="USD" decimals="-5">40300000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_ImpairmentOfFinancialAssetsAxis_FinancialAssetsPastDueButNotImpairedMember_PastDueStatusAxis_CurrentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">22800000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_ImpairmentOfFinancialAssetsAxis_FinancialAssetsPastDueButNotImpairedMember_PastDueStatusAxis_LaterThanOneMonthAndNotLaterThanSixMonthsMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">16400000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_ImpairmentOfFinancialAssetsAxis_FinancialAssetsPastDueAndImpairedMember_PastDueStatusAxis_LaterThanSixMonthsMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">5300000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_ImpairmentOfFinancialAssetsAxis_FinancialAssetsIndividuallyAssessedForCreditLossesMember" unitRef="USD" decimals="-5">1900000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">500000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-2">65100</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">2600000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember_ImpairmentOfFinancialAssetsAxis_FinancialAssetsNeitherPastDueNorImpairedMember" unitRef="USD" decimals="-5">28700000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_ImpairmentOfFinancialAssetsAxis_FinancialAssetsPastDueButNotImpairedMember_PastDueStatusAxis_CurrentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">13000000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_ImpairmentOfFinancialAssetsAxis_FinancialAssetsPastDueButNotImpairedMember_PastDueStatusAxis_LaterThanOneMonthAndNotLaterThanSixMonthsMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">18700000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_ImpairmentOfFinancialAssetsAxis_FinancialAssetsPastDueAndImpairedMember_PastDueStatusAxis_LaterThanSixMonthsMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">4700000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_ImpairmentOfFinancialAssetsAxis_FinancialAssetsIndividuallyAssessedForCreditLossesMember" unitRef="USD" decimals="-5">600000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">0</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-2">72600</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">1300000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember_ImpairmentOfFinancialAssetsAxis_FinancialAssetsNeitherPastDueNorImpairedMember" unitRef="USD" decimals="-5">25500000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ImpairmentOfFinancialAssetsAxis_FinancialAssetsPastDueButNotImpairedMember_PastDueStatusAxis_CurrentMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">26000000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ImpairmentOfFinancialAssetsAxis_FinancialAssetsPastDueButNotImpairedMember_PastDueStatusAxis_LaterThanOneMonthAndNotLaterThanSixMonthsMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">18400000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ImpairmentOfFinancialAssetsAxis_FinancialAssetsPastDueAndImpairedMember_PastDueStatusAxis_LaterThanSixMonthsMember_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_GrossCarryingAmountMember" unitRef="USD" decimals="-5">2700000</ifrs-full:TradeReceivables>
<ifrs-full:TradeReceivables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ImpairmentOfFinancialAssetsAxis_FinancialAssetsIndividuallyAssessedForCreditLossesMember" unitRef="USD" decimals="-5">0</ifrs-full:TradeReceivables>
<trmd:AcquisitionsThroughBusinessCombinationsTradeReceivables contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">1900000</trmd:AcquisitionsThroughBusinessCombinationsTradeReceivables>
<trmd:AcquisitionsThroughBusinessCombinationsTradeReceivables contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">0</trmd:AcquisitionsThroughBusinessCombinationsTradeReceivables>
<trmd:AcquisitionsThroughBusinessCombinationsTradeReceivables contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">0</trmd:AcquisitionsThroughBusinessCombinationsTradeReceivables>
<ifrs-full:ImpairmentLossRecognisedInProfitOrLossTradeReceivables contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">500000</ifrs-full:ImpairmentLossRecognisedInProfitOrLossTradeReceivables>
<ifrs-full:ImpairmentLossRecognisedInProfitOrLossTradeReceivables contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">1900000</ifrs-full:ImpairmentLossRecognisedInProfitOrLossTradeReceivables>
<ifrs-full:ImpairmentLossRecognisedInProfitOrLossTradeReceivables contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">600000</ifrs-full:ImpairmentLossRecognisedInProfitOrLossTradeReceivables>
<ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">-700000</ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables>
<ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">-1000000</ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables>
<ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_AccumulatedImpairmentMember" unitRef="USD" decimals="-5">-1900000</ifrs-full:ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables>
<trmd:CurrentReceivablesRelatedToPartnersAndCommercialManagements contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">500000</trmd:CurrentReceivablesRelatedToPartnersAndCommercialManagements>
<trmd:CurrentReceivablesRelatedToPartnersAndCommercialManagements contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">0</trmd:CurrentReceivablesRelatedToPartnersAndCommercialManagements>
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<ifrs-full:CurrentDerivativeFinancialAssets contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">7600000</ifrs-full:CurrentDerivativeFinancialAssets>
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<ifrs-full:CurrentReceivablesFromTaxesOtherThanIncomeTax contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">1300000</ifrs-full:CurrentReceivablesFromTaxesOtherThanIncomeTax>
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<trmd:MiscelleneousOtherCurrentReceivables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">2900000</trmd:MiscelleneousOtherCurrentReceivables>
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<ifrs-full:AdjustmentsForCurrentTaxOfPriorPeriod contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">-100000</ifrs-full:AdjustmentsForCurrentTaxOfPriorPeriod>
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<ifrs-full:AdjustmentsForDeferredTaxOfPriorPeriods contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-100000</ifrs-full:AdjustmentsForDeferredTaxOfPriorPeriods>
<ifrs-full:AdjustmentsForDeferredTaxOfPriorPeriods contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">-100000</ifrs-full:AdjustmentsForDeferredTaxOfPriorPeriods>
<ifrs-full:DeferredTaxLiabilityAsset contextRef="Context_As_Of_31-Dec-2014T00_00_00" unitRef="USD" decimals="-6">0</ifrs-full:DeferredTaxLiabilityAsset>
<ifrs-full:DeferredTaxLiabilityAsset contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="USD" decimals="-5">45100000</ifrs-full:DeferredTaxLiabilityAsset>
<ifrs-full:DeferredTaxLiabilityAsset contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-6">45000000</ifrs-full:DeferredTaxLiabilityAsset>
<ifrs-full:DeferredTaxLiabilityAsset contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">44900000</ifrs-full:DeferredTaxLiabilityAsset>
<ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">45200000</ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset>
<ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-6">0</ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset>
<ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">0</ifrs-full:IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset>
<ifrs-full:IncreaseDecreaseInDeferredTaxLiabilityAsset contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">-100000</ifrs-full:IncreaseDecreaseInDeferredTaxLiabilityAsset>
<ifrs-full:IncreaseDecreaseInDeferredTaxLiabilityAsset contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-100000</ifrs-full:IncreaseDecreaseInDeferredTaxLiabilityAsset>
<ifrs-full:IncreaseDecreaseInDeferredTaxLiabilityAsset contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">-100000</ifrs-full:IncreaseDecreaseInDeferredTaxLiabilityAsset>
<ifrs-full:ApplicableTaxRate contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="4">0.0080</ifrs-full:ApplicableTaxRate>
<ifrs-full:ApplicableTaxRate contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="4">-0.0060</ifrs-full:ApplicableTaxRate>
<ifrs-full:ApplicableTaxRate contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="4">0.2440</ifrs-full:ApplicableTaxRate>
<trmd:NumberOfTreasurySharesHeld contextRef="Context_As_Of_31-Dec-2014T00_00_00" unitRef="shares" decimals="INF">0</trmd:NumberOfTreasurySharesHeld>
<trmd:NumberOfTreasurySharesHeld contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="shares" decimals="INF">15.3</trmd:NumberOfTreasurySharesHeld>
<trmd:NumberOfTreasurySharesHeld contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="shares" decimals="INF">312.9</trmd:NumberOfTreasurySharesHeld>
<trmd:NumberOfTreasurySharesHeld contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="shares" decimals="INF">312.9</trmd:NumberOfTreasurySharesHeld>
<trmd:IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="shares" decimals="INF">15.3</trmd:IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares>
<trmd:IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="shares" decimals="INF">312.9</trmd:IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares>
<trmd:IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="shares" decimals="INF">0</trmd:IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares>
<trmd:DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="shares" decimals="INF">0</trmd:DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares>
<trmd:DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="shares" decimals="INF">15.3</trmd:DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares>
<trmd:DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="shares" decimals="INF">0</trmd:DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares>
<trmd:DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="shares" decimals="INF">0</trmd:DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares>
<trmd:DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="shares" decimals="INF">0</trmd:DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares>
<trmd:DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="shares" decimals="INF">0</trmd:DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares>
<trmd:NominalValueOfTreasurySharesHeld contextRef="Context_As_Of_31-Dec-2014T00_00_00" unitRef="USD" decimals="-3">0</trmd:NominalValueOfTreasurySharesHeld>
<trmd:NominalValueOfTreasurySharesHeld contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="USD" decimals="-3">0</trmd:NominalValueOfTreasurySharesHeld>
<trmd:NominalValueOfTreasurySharesHeld contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">0</trmd:NominalValueOfTreasurySharesHeld>
<trmd:NominalValueOfTreasurySharesHeld contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">0</trmd:NominalValueOfTreasurySharesHeld>
<ifrs-full:CancellationOfTreasuryShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">0</ifrs-full:CancellationOfTreasuryShares>
<ifrs-full:CancellationOfTreasuryShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">0</ifrs-full:CancellationOfTreasuryShares>
<ifrs-full:CancellationOfTreasuryShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">0</ifrs-full:CancellationOfTreasuryShares>
<ifrs-full:SaleOrIssueOfTreasuryShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">0</ifrs-full:SaleOrIssueOfTreasuryShares>
<ifrs-full:SaleOrIssueOfTreasuryShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">0</ifrs-full:SaleOrIssueOfTreasuryShares>
<ifrs-full:SaleOrIssueOfTreasuryShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">0</ifrs-full:SaleOrIssueOfTreasuryShares>
<trmd:PercentageOfShareCapitalAsTreasurySharesHeld contextRef="Context_As_Of_31-Dec-2014T00_00_00" unitRef="pure" decimals="2">0.00</trmd:PercentageOfShareCapitalAsTreasurySharesHeld>
<trmd:PercentageOfShareCapitalAsTreasurySharesHeld contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="pure" decimals="3">0.002</trmd:PercentageOfShareCapitalAsTreasurySharesHeld>
<trmd:PercentageOfShareCapitalAsTreasurySharesHeld contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="3">0.005</trmd:PercentageOfShareCapitalAsTreasurySharesHeld>
<trmd:PercentageOfShareCapitalAsTreasurySharesHeld contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="3">0.005</trmd:PercentageOfShareCapitalAsTreasurySharesHeld>
<trmd:IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="3">0.002</trmd:IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares>
<trmd:IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="3">0.005</trmd:IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares>
<trmd:IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.00</trmd:IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares>
<trmd:DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="2">0.00</trmd:DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares>
<trmd:DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="3">0.002</trmd:DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares>
<trmd:DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.00</trmd:DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares>
<trmd:DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="2">0.00</trmd:DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares>
<trmd:DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="2">0.00</trmd:DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares>
<trmd:DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.00</trmd:DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares>




<trmd:MarketValueOfTreasurySharesHeld contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="USD" decimals="-5">200000</trmd:MarketValueOfTreasurySharesHeld>
<trmd:MarketValueOfTreasurySharesHeld contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">2800000</trmd:MarketValueOfTreasurySharesHeld>
<trmd:MarketValueOfTreasurySharesHeld contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">2700000</trmd:MarketValueOfTreasurySharesHeld>
<trmd:PartnersAndCommercialManagements contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-6">2000000</trmd:PartnersAndCommercialManagements>
<trmd:PartnersAndCommercialManagements contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">1400000</trmd:PartnersAndCommercialManagements>
<ifrs-full:AccrualsClassifiedAsCurrent contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">5200000</ifrs-full:AccrualsClassifiedAsCurrent>
<ifrs-full:AccrualsClassifiedAsCurrent contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">8500000</ifrs-full:AccrualsClassifiedAsCurrent>
<ifrs-full:CurrentInterestPayable contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">5800000</ifrs-full:CurrentInterestPayable>
<ifrs-full:CurrentInterestPayable contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">5200000</ifrs-full:CurrentInterestPayable>
<ifrs-full:ProvisionsForEmployeeBenefits contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">14600000</ifrs-full:ProvisionsForEmployeeBenefits>
<ifrs-full:ProvisionsForEmployeeBenefits contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">16300000</ifrs-full:ProvisionsForEmployeeBenefits>
<ifrs-full:CurrentDerivativeFinancialLiabilities contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">4800000</ifrs-full:CurrentDerivativeFinancialLiabilities>
<ifrs-full:CurrentDerivativeFinancialLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">0</ifrs-full:CurrentDerivativeFinancialLiabilities>
<trmd:CurrentPayablesToJointVentures contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">100000</trmd:CurrentPayablesToJointVentures>
<trmd:CurrentPayablesToJointVentures contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">100000</trmd:CurrentPayablesToJointVentures>
<trmd:OtherMiscellneousCurrentLiabilities contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">500000</trmd:OtherMiscellneousCurrentLiabilities>
<trmd:OtherMiscellneousCurrentLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">2300000</trmd:OtherMiscellneousCurrentLiabilities>
<ifrs-full:OtherCurrentLiabilities contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">33055000</ifrs-full:OtherCurrentLiabilities>
<ifrs-full:OtherCurrentLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">33822000</ifrs-full:OtherCurrentLiabilities>
<ifrs-full:BorrowingsInterestRateBasis contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_TypesOfInterestRatesAxis_FloatingInterestRateMember_BorrowingsByNameAxis_DsfFacilityMember">Floating</ifrs-full:BorrowingsInterestRateBasis>
<ifrs-full:BorrowingsInterestRateBasis contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_TypesOfInterestRatesAxis_FloatingInterestRateMember_BorrowingsByNameAxis_TermFacilityMember">Floating</ifrs-full:BorrowingsInterestRateBasis>
<ifrs-full:BorrowingsInterestRateBasis contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_TypesOfInterestRatesAxis_FloatingInterestRateMember_BorrowingsByNameAxis_DsfFacilityThreeMember">Floating</ifrs-full:BorrowingsInterestRateBasis>
<ifrs-full:BorrowingsInterestRateBasis contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_TypesOfInterestRatesAxis_FloatingInterestRateMember_BorrowingsByNameAxis_DsfFacilityFourMember">Floating</ifrs-full:BorrowingsInterestRateBasis>
<ifrs-full:BorrowingsInterestRateBasis contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_TypesOfInterestRatesAxis_FloatingInterestRateMember_BorrowingsByNameAxis_TermFacilityTwoMember">Floating</ifrs-full:BorrowingsInterestRateBasis>
<ifrs-full:BorrowingsInterestRateBasis contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_TypesOfInterestRatesAxis_FloatingInterestRateMember_BorrowingsByNameAxis_IngFacilityMember">Floating</ifrs-full:BorrowingsInterestRateBasis>
<ifrs-full:BorrowingsMaturity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_BorrowingsByNameAxis_TermFacilityMember">2021</ifrs-full:BorrowingsMaturity>
<ifrs-full:BorrowingsMaturity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_BorrowingsByNameAxis_DsfFacilityMember">2019</ifrs-full:BorrowingsMaturity>
<ifrs-full:BorrowingsMaturity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_BorrowingsByNameAxis_DsfFacilityThreeMember">2021</ifrs-full:BorrowingsMaturity>
<ifrs-full:BorrowingsMaturity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_BorrowingsByNameAxis_DsfFacilityFourMember">2019</ifrs-full:BorrowingsMaturity>
<ifrs-full:BorrowingsMaturity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_BorrowingsByNameAxis_TermFacilityMember">2021</ifrs-full:BorrowingsMaturity>
<ifrs-full:BorrowingsMaturity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_BorrowingsByNameAxis_DsfFacilityMember">2019</ifrs-full:BorrowingsMaturity>
<ifrs-full:BorrowingsMaturity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_BorrowingsByNameAxis_DsfFacilityThreeMember">2021</ifrs-full:BorrowingsMaturity>
<ifrs-full:BorrowingsMaturity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_BorrowingsByNameAxis_DsfFacilityFourMember">2022</ifrs-full:BorrowingsMaturity>
<ifrs-full:BorrowingsMaturity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_TermFacilityMember">2021</ifrs-full:BorrowingsMaturity>
<ifrs-full:BorrowingsMaturity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_DsfFacilityMember">2021</ifrs-full:BorrowingsMaturity>
<ifrs-full:BorrowingsMaturity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_DsfFacilityThreeMember">2021</ifrs-full:BorrowingsMaturity>
<ifrs-full:BorrowingsMaturity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_DsfFacilityFourMember">2022</ifrs-full:BorrowingsMaturity>
<ifrs-full:BorrowingsMaturity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_TermFacilityTwoMember">2022</ifrs-full:BorrowingsMaturity>
<ifrs-full:BorrowingsMaturity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_IngFacilityMember">2024</ifrs-full:BorrowingsMaturity>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="pure" decimals="4" id="Footnote-16_1">0.0430</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_BorrowingsByNameAxis_TermFacilityMember" unitRef="pure" decimals="4" id="Footnote-16_2">0.0430</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_BorrowingsByNameAxis_DsfFacilityMember" unitRef="pure" decimals="2" id="Footnote-16_3">0.41</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_BorrowingsByNameAxis_DsfFacilityThreeMember" unitRef="pure" decimals="2" id="Footnote-16_4">0.44</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_BorrowingsByNameAxis_DsfFacilityFourMember" unitRef="pure" decimals="2" id="Footnote-16_5">0.41</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="4" id="Footnote-16_6">0.0460</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_BorrowingsByNameAxis_TermFacilityMember" unitRef="pure" decimals="4" id="Footnote-16_7">0.0460</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_BorrowingsByNameAxis_DsfFacilityMember" unitRef="pure" decimals="4" id="Footnote-16_8">0.0460</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_BorrowingsByNameAxis_DsfFacilityThreeMember" unitRef="pure" decimals="4" id="Footnote-16_9">0.0460</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_BorrowingsByNameAxis_DsfFacilityFourMember" unitRef="pure" decimals="4" id="Footnote-16_10">0.0480</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="4" id="Footnote-16_11">0.0510</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_TermFacilityMember" unitRef="pure" decimals="4" id="Footnote-16_12">0.0500</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_DsfFacilityMember" unitRef="pure" decimals="4" id="Footnote-16_13">0.0540</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_DsfFacilityThreeMember" unitRef="pure" decimals="4" id="Footnote-16_14">0.0500</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_DsfFacilityFourMember" unitRef="pure" decimals="4" id="Footnote-16_15">0.0510</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_TermFacilityTwoMember" unitRef="pure" decimals="4" id="Footnote-16_16">0.0540</ifrs-full:BorrowingsInterestRate>
<ifrs-full:BorrowingsInterestRate contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_IngFacilityMember" unitRef="pure" decimals="4" id="Footnote-16_17">0.0460</ifrs-full:BorrowingsInterestRate>
<ifrs-full:LongtermBorrowings contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="USD" decimals="-5">717500000</ifrs-full:LongtermBorrowings>



<ifrs-full:ShorttermBorrowings contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="USD" decimals="-5" id="Footnote-4_25">49700000</ifrs-full:ShorttermBorrowings>
<ifrs-full:ShorttermBorrowings contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5" id="Footnote-4_26">75900000</ifrs-full:ShorttermBorrowings>
<ifrs-full:ShorttermBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6" id="Footnote-4_27">86000000</ifrs-full:ShorttermBorrowings>
<trmd:NumberOfBank contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_TermFacilityMember" unitRef="Bank" decimals="0">4</trmd:NumberOfBank>
<trmd:NumberOfTanker contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfRelatedPartiesAxis_ChinaExportImportBankMember_NonadjustingEventsAfterReportingPeriodAxis_AnnouncementOfEventOccuringIn2018Member_ClassesOfAssetsAxis_VesselClassLrTwoMember" unitRef="Tankers" decimals="0">4</trmd:NumberOfTanker>
<trmd:NumberOfTanker contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfRelatedPartiesAxis_DanishShipFinanceMember_NonadjustingEventsAfterReportingPeriodAxis_AnnouncementOfEventOccuringIn2019Member_ClassesOfAssetsAxis_VesselClassMrMember" unitRef="Tankers" decimals="0">4</trmd:NumberOfTanker>
<trmd:NumberOfTanker contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfRelatedPartiesAxis_DanishShipFinanceMember_NonadjustingEventsAfterReportingPeriodAxis_AnnouncementOfEventOccuringIn2019Member_ClassesOfAssetsAxis_VesselClassLrOneMember" unitRef="Tankers" decimals="0">2</trmd:NumberOfTanker>
<trmd:NumberOfYearFacility contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfRelatedPartiesAxis_ChinaExportImportBankMember_NonadjustingEventsAfterReportingPeriodAxis_AnnouncementOfEventOccuringIn2018Member_ClassesOfAssetsAxis_VesselClassLrTwoMember">P12Y</trmd:NumberOfYearFacility>
<trmd:NumberOfYearFacility contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfRelatedPartiesAxis_DanishShipFinanceMember_NonadjustingEventsAfterReportingPeriodAxis_AnnouncementOfEventOccuringIn2019Member">P7Y</trmd:NumberOfYearFacility>
<trmd:NumberOfNewBuilding contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfRelatedPartiesAxis_DanishShipFinanceMember_NonadjustingEventsAfterReportingPeriodAxis_AnnouncementOfEventOccuringIn2019Member_ClassesOfAssetsAxis_VesselClassMrMember" unitRef="Newbuildings" decimals="0">4</trmd:NumberOfNewBuilding>
<trmd:CarryingAmountOfVesselsForCollateralHeldAsSecurity contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="USD" decimals="-6">1329000000</trmd:CarryingAmountOfVesselsForCollateralHeldAsSecurity>
<trmd:CarryingAmountOfVesselsForCollateralHeldAsSecurity contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-6">1115000000</trmd:CarryingAmountOfVesselsForCollateralHeldAsSecurity>
<trmd:CarryingAmountOfVesselsForCollateralHeldAsSecurity contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">1259000000</trmd:CarryingAmountOfVesselsForCollateralHeldAsSecurity>
<ifrs-full:CommitmentsMadeByEntityRelatedPartyTransactions contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">100000</ifrs-full:CommitmentsMadeByEntityRelatedPartyTransactions>
<ifrs-full:CommitmentsMadeByEntityRelatedPartyTransactions contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">100000</ifrs-full:CommitmentsMadeByEntityRelatedPartyTransactions>
<ifrs-full:CommitmentsMadeByEntityRelatedPartyTransactions contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">100000</ifrs-full:CommitmentsMadeByEntityRelatedPartyTransactions>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5" id="Footnote-17_1">725800000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5" id="Footnote-17_2">92700000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-5" id="Footnote-17_3">86700000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" unitRef="USD" decimals="-5" id="Footnote-17_4">82200000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanThreeYearsAndNotLaterThanFourYearsMember" unitRef="USD" decimals="-5" id="Footnote-17_5">346700000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFourYearsAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-5" id="Footnote-17_6">89200000</trmd:MortgageDebtAndBankBorrowings>
<trmd:MortgageDebtAndBankBorrowings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFiveYearsAndNotLaterThanTenYearsMember" unitRef="USD" decimals="-5" id="Footnote-17_7">28300000</trmd:MortgageDebtAndBankBorrowings>
<trmd:InterestPaymentsForScheduledInterestFixing contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">56200000</trmd:InterestPaymentsForScheduledInterestFixing>
<trmd:InterestPaymentsForScheduledInterestFixing contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5">20400000</trmd:InterestPaymentsForScheduledInterestFixing>
<trmd:InterestPaymentsForScheduledInterestFixing contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-5">14400000</trmd:InterestPaymentsForScheduledInterestFixing>
<trmd:InterestPaymentsForScheduledInterestFixing contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" unitRef="USD" decimals="-5">12100000</trmd:InterestPaymentsForScheduledInterestFixing>
<trmd:InterestPaymentsForScheduledInterestFixing contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanThreeYearsAndNotLaterThanFourYearsMember" unitRef="USD" decimals="-5">8900000</trmd:InterestPaymentsForScheduledInterestFixing>
<trmd:InterestPaymentsForScheduledInterestFixing contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFourYearsAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-5">400000</trmd:InterestPaymentsForScheduledInterestFixing>
<trmd:InterestPaymentsForScheduledInterestFixing contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFiveYearsAndNotLaterThanTenYearsMember" unitRef="USD" decimals="-6">0</trmd:InterestPaymentsForScheduledInterestFixing>
<trmd:EstimatedVariableInterestPayments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5" id="Footnote-18_1">51400000</trmd:EstimatedVariableInterestPayments>
<trmd:EstimatedVariableInterestPayments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5" id="Footnote-18_2">11900000</trmd:EstimatedVariableInterestPayments>
<trmd:EstimatedVariableInterestPayments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-5" id="Footnote-18_3">13600000</trmd:EstimatedVariableInterestPayments>
<trmd:EstimatedVariableInterestPayments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" unitRef="USD" decimals="-5" id="Footnote-18_4">12200000</trmd:EstimatedVariableInterestPayments>
<trmd:EstimatedVariableInterestPayments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanThreeYearsAndNotLaterThanFourYearsMember" unitRef="USD" decimals="-5" id="Footnote-18_5">9100000</trmd:EstimatedVariableInterestPayments>
<trmd:EstimatedVariableInterestPayments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFourYearsAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-5" id="Footnote-18_6">2600000</trmd:EstimatedVariableInterestPayments>
<trmd:EstimatedVariableInterestPayments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFiveYearsAndNotLaterThanTenYearsMember" unitRef="USD" decimals="-5" id="Footnote-18_7">2000000</trmd:EstimatedVariableInterestPayments>
<ifrs-full:FinanceLeaseLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">28200000</ifrs-full:FinanceLeaseLiabilities>
<ifrs-full:FinanceLeaseLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5">2900000</ifrs-full:FinanceLeaseLiabilities>
<ifrs-full:FinanceLeaseLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-5">3200000</ifrs-full:FinanceLeaseLiabilities>
<ifrs-full:FinanceLeaseLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" unitRef="USD" decimals="-5">3400000</ifrs-full:FinanceLeaseLiabilities>
<ifrs-full:FinanceLeaseLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanThreeYearsAndNotLaterThanFourYearsMember" unitRef="USD" decimals="-5">3700000</ifrs-full:FinanceLeaseLiabilities>
<ifrs-full:FinanceLeaseLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFourYearsAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-6">15000000</ifrs-full:FinanceLeaseLiabilities>
<ifrs-full:FinanceLeaseLiabilities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFiveYearsAndNotLaterThanTenYearsMember" unitRef="USD" decimals="-6">0</ifrs-full:FinanceLeaseLiabilities>
<trmd:InterestPayableOnFinanceLeaseObligation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">7700000</trmd:InterestPayableOnFinanceLeaseObligation>
<trmd:InterestPayableOnFinanceLeaseObligation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5">2300000</trmd:InterestPayableOnFinanceLeaseObligation>
<trmd:InterestPayableOnFinanceLeaseObligation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-5">2000000</trmd:InterestPayableOnFinanceLeaseObligation>
<trmd:InterestPayableOnFinanceLeaseObligation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" unitRef="USD" decimals="-5">1700000</trmd:InterestPayableOnFinanceLeaseObligation>
<trmd:InterestPayableOnFinanceLeaseObligation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanThreeYearsAndNotLaterThanFourYearsMember" unitRef="USD" decimals="-5">1400000</trmd:InterestPayableOnFinanceLeaseObligation>
<trmd:InterestPayableOnFinanceLeaseObligation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFourYearsAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-5">300000</trmd:InterestPayableOnFinanceLeaseObligation>
<trmd:InterestPayableOnFinanceLeaseObligation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFiveYearsAndNotLaterThanTenYearsMember" unitRef="USD" decimals="-6">0</trmd:InterestPayableOnFinanceLeaseObligation>
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<trmd:NewbuildingInstallments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5" id="Footnote-19_2">144200000</trmd:NewbuildingInstallments>
<trmd:NewbuildingInstallments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-5" id="Footnote-19_3">162700000</trmd:NewbuildingInstallments>
<trmd:NewbuildingInstallments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" unitRef="USD" decimals="-6" id="Footnote-19_4">0</trmd:NewbuildingInstallments>
<trmd:NewbuildingInstallments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanThreeYearsAndNotLaterThanFourYearsMember" unitRef="USD" decimals="-6" id="Footnote-19_5">0</trmd:NewbuildingInstallments>
<trmd:NewbuildingInstallments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFourYearsAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-6" id="Footnote-19_6">0</trmd:NewbuildingInstallments>
<trmd:NewbuildingInstallments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFiveYearsAndNotLaterThanTenYearsMember" unitRef="USD" decimals="-6" id="Footnote-19_7">0</trmd:NewbuildingInstallments>
<ifrs-full:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5" id="Footnote-20_1">2900000</ifrs-full:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5" id="Footnote-20_2">2900000</ifrs-full:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-6" id="Footnote-20_3">0</ifrs-full:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" unitRef="USD" decimals="-6" id="Footnote-20_4">0</ifrs-full:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanThreeYearsAndNotLaterThanFourYearsMember" unitRef="USD" decimals="-6" id="Footnote-20_5">0</ifrs-full:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFourYearsAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-6" id="Footnote-20_6">0</ifrs-full:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFiveYearsAndNotLaterThanTenYearsMember" unitRef="USD" decimals="-6" id="Footnote-20_7">0</ifrs-full:MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease>
<trmd:OtherOperatingLeaseObligation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5" id="Footnote-21_1">5200000</trmd:OtherOperatingLeaseObligation>
<trmd:OtherOperatingLeaseObligation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5" id="Footnote-21_2">2500000</trmd:OtherOperatingLeaseObligation>
<trmd:OtherOperatingLeaseObligation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-5" id="Footnote-21_3">1800000</trmd:OtherOperatingLeaseObligation>
<trmd:OtherOperatingLeaseObligation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" unitRef="USD" decimals="-5" id="Footnote-21_4">700000</trmd:OtherOperatingLeaseObligation>
<trmd:OtherOperatingLeaseObligation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanThreeYearsAndNotLaterThanFourYearsMember" unitRef="USD" decimals="-5" id="Footnote-21_5">200000</trmd:OtherOperatingLeaseObligation>
<trmd:OtherOperatingLeaseObligation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFourYearsAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-6" id="Footnote-21_6">0</trmd:OtherOperatingLeaseObligation>
<trmd:OtherOperatingLeaseObligation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFiveYearsAndNotLaterThanTenYearsMember" unitRef="USD" decimals="-6" id="Footnote-21_7">0</trmd:OtherOperatingLeaseObligation>
<ifrs-full:TradeAndOtherPayables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">51500000</ifrs-full:TradeAndOtherPayables>
<ifrs-full:TradeAndOtherPayables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5">51500000</ifrs-full:TradeAndOtherPayables>
<ifrs-full:TradeAndOtherPayables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-6">0</ifrs-full:TradeAndOtherPayables>
<ifrs-full:TradeAndOtherPayables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" unitRef="USD" decimals="-6">0</ifrs-full:TradeAndOtherPayables>
<ifrs-full:TradeAndOtherPayables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanThreeYearsAndNotLaterThanFourYearsMember" unitRef="USD" decimals="-6">0</ifrs-full:TradeAndOtherPayables>
<ifrs-full:TradeAndOtherPayables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFourYearsAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-6">0</ifrs-full:TradeAndOtherPayables>
<ifrs-full:TradeAndOtherPayables contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFiveYearsAndNotLaterThanTenYearsMember" unitRef="USD" decimals="-6">0</ifrs-full:TradeAndOtherPayables>
<ifrs-full:ContractualCapitalCommitments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">1235800000</ifrs-full:ContractualCapitalCommitments>
<ifrs-full:ContractualCapitalCommitments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5">331300000</ifrs-full:ContractualCapitalCommitments>
<ifrs-full:ContractualCapitalCommitments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-5">284400000</ifrs-full:ContractualCapitalCommitments>
<ifrs-full:ContractualCapitalCommitments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" unitRef="USD" decimals="-5">112300000</ifrs-full:ContractualCapitalCommitments>
<ifrs-full:ContractualCapitalCommitments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanThreeYearsAndNotLaterThanFourYearsMember" unitRef="USD" decimals="-5">370000000</ifrs-full:ContractualCapitalCommitments>
<ifrs-full:ContractualCapitalCommitments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFourYearsAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-5">107500000</ifrs-full:ContractualCapitalCommitments>
<ifrs-full:ContractualCapitalCommitments contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFiveYearsAndNotLaterThanTenYearsMember" unitRef="USD" decimals="-5">30300000</ifrs-full:ContractualCapitalCommitments>
<ifrs-full:LiabilitiesArisingFromFinancingActivities contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">685200000</ifrs-full:LiabilitiesArisingFromFinancingActivities>
<ifrs-full:LiabilitiesArisingFromFinancingActivities contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LiabilitiesArisingFromFinancingActivitiesAxis_LongtermBorrowingsMember" unitRef="USD" decimals="-5">669600000</ifrs-full:LiabilitiesArisingFromFinancingActivities>
<ifrs-full:LiabilitiesArisingFromFinancingActivities contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LiabilitiesArisingFromFinancingActivitiesAxis_LeaseLiabilitiesMember" unitRef="USD" decimals="-5">13600000</ifrs-full:LiabilitiesArisingFromFinancingActivities>
<ifrs-full:LiabilitiesArisingFromFinancingActivities contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LiabilitiesArisingFromFinancingActivitiesAxis_AssetsHeldToHedgeLiabilitiesArisingFromFinancingActivitiesMember" unitRef="USD" decimals="-5">2000000</ifrs-full:LiabilitiesArisingFromFinancingActivities>
<ifrs-full:LiabilitiesArisingFromFinancingActivities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">749100000</ifrs-full:LiabilitiesArisingFromFinancingActivities>
<ifrs-full:LiabilitiesArisingFromFinancingActivities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LiabilitiesArisingFromFinancingActivitiesAxis_LongtermBorrowingsMember" unitRef="USD" decimals="-5">720900000</ifrs-full:LiabilitiesArisingFromFinancingActivities>
<ifrs-full:LiabilitiesArisingFromFinancingActivities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LiabilitiesArisingFromFinancingActivitiesAxis_LeaseLiabilitiesMember" unitRef="USD" decimals="-5">28200000</ifrs-full:LiabilitiesArisingFromFinancingActivities>
<ifrs-full:LiabilitiesArisingFromFinancingActivities contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LiabilitiesArisingFromFinancingActivitiesAxis_AssetsHeldToHedgeLiabilitiesArisingFromFinancingActivitiesMember" unitRef="USD" decimals="-6">0</ifrs-full:LiabilitiesArisingFromFinancingActivities>
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<ifrs-full:IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_LiabilitiesArisingFromFinancingActivitiesAxis_LongtermBorrowingsMember" unitRef="USD" decimals="-5">700000</ifrs-full:IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities>
<ifrs-full:IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_LiabilitiesArisingFromFinancingActivitiesAxis_LeaseLiabilitiesMember" unitRef="USD" decimals="-5">600000</ifrs-full:IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities>
<ifrs-full:IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_LiabilitiesArisingFromFinancingActivitiesAxis_AssetsHeldToHedgeLiabilitiesArisingFromFinancingActivitiesMember" unitRef="USD" decimals="-5">-600000</ifrs-full:IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities>
<ifrs-full:IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">1200000</ifrs-full:IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities>
<ifrs-full:IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_LiabilitiesArisingFromFinancingActivitiesAxis_LongtermBorrowingsMember" unitRef="USD" decimals="-5">700000</ifrs-full:IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities>
<ifrs-full:IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_LiabilitiesArisingFromFinancingActivitiesAxis_LeaseLiabilitiesMember" unitRef="USD" decimals="-5">500000</ifrs-full:IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities>
<ifrs-full:IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_LiabilitiesArisingFromFinancingActivitiesAxis_AssetsHeldToHedgeLiabilitiesArisingFromFinancingActivitiesMember" unitRef="USD" decimals="-6">0</ifrs-full:IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities>
<ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5" id="Footnote-22_1">50200000</ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5">45500000</ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-5">4700000</ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" unitRef="USD" decimals="-6">0</ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanThreeYearsAndNotLaterThanFourYearsMember" unitRef="USD" decimals="-6">0</ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFourYearsAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-6">0</ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_MaturityAxis_LaterThanFiveYearsAndNotLaterThanTenYearsMember" unitRef="USD" decimals="-6">0</ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfAssetsAxis_VesselMember_MaturityAxis_NotLaterThanOneYearMember" unitRef="USD" decimals="-5" id="Footnote-22_2">45500000</ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfAssetsAxis_VesselMember_MaturityAxis_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" unitRef="USD" decimals="-6" id="Footnote-22_3">0</ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfAssetsAxis_VesselMember_MaturityAxis_LaterThanOneYearAndNotLaterThanTwoYearsMember" unitRef="USD" decimals="-5" id="Footnote-22_4">4700000</ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfAssetsAxis_VesselMember_MaturityAxis_LaterThanThreeYearsAndNotLaterThanFourYearsMember" unitRef="USD" decimals="-6" id="Footnote-22_5">0</ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfAssetsAxis_VesselMember_MaturityAxis_LaterThanFourYearsAndNotLaterThanFiveYearsMember" unitRef="USD" decimals="-6" id="Footnote-22_6">0</ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
<ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfAssetsAxis_VesselMember_MaturityAxis_LaterThanFiveYearsAndNotLaterThanTenYearsMember" unitRef="USD" decimals="-6" id="Footnote-22_7">0</ifrs-full:MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease>
<trmd:DirectIssuanceCostForBorrowings contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">2000000</trmd:DirectIssuanceCostForBorrowings>
<trmd:DirectIssuanceCostForBorrowings contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">4800000</trmd:DirectIssuanceCostForBorrowings>
<ifrs-full:BorrowingCostsCapitalised contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">1300000</ifrs-full:BorrowingCostsCapitalised>
<ifrs-full:BorrowingCostsCapitalised contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">3500000</ifrs-full:BorrowingCostsCapitalised>
<trmd:ExpectedNumberOfNewbuildingsToBeDelivered contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="Newbuilding" decimals="INF">4</trmd:ExpectedNumberOfNewbuildingsToBeDelivered>
<trmd:ExpectedNumberOfNewbuildingsToBeDelivered contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="Newbuilding" decimals="INF">10</trmd:ExpectedNumberOfNewbuildingsToBeDelivered>
<trmd:AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00">P9Y</trmd:AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee>
<trmd:AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">P5Y</trmd:AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee>
<trmd:MaximumMutuallyNonCancellableOperatingLeasePeriod contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">P8Y</trmd:MaximumMutuallyNonCancellableOperatingLeasePeriod>
<ifrs-full:MinimumOperatingLeasePayments contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">12000000</ifrs-full:MinimumOperatingLeasePayments>
<ifrs-full:MinimumOperatingLeasePayments contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">21500000</ifrs-full:MinimumOperatingLeasePayments>
<ifrs-full:MinimumOperatingLeasePayments contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">8500000</ifrs-full:MinimumOperatingLeasePayments>
<trmd:OtherOperatingLeaseExpense contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">2200000</trmd:OtherOperatingLeaseExpense>
<trmd:OtherOperatingLeaseExpense contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">2300000</trmd:OtherOperatingLeaseExpense>
<trmd:AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00">P2Y1M6D</trmd:AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor>
<trmd:AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">P1Y1M6D</trmd:AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor>
<ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-1500000</ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue>
<ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_SwapContractMember" unitRef="USD" decimals="-5">800000</ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue>
<ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardContractMember" unitRef="USD" decimals="-5">-4600000</ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue>
<ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember" unitRef="USD" decimals="-5">2400000</ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue>
<ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardFreightAgreementsMember" unitRef="USD" decimals="-5">-100000</ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue>
<ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_StatementOfFinancialPositionLocationAxis_OtherReceivablesMember" unitRef="USD" decimals="-5">3300000</ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue>
<ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_StatementOfFinancialPositionLocationAxis_OtherLiabilitiesMember" unitRef="USD" decimals="-5">-4800000</ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue>
<ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">7500000</ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue>
<ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_SwapContractMember" unitRef="USD" decimals="-5">800000</ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue>
<ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardContractMember" unitRef="USD" decimals="-5">1800000</ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue>
<ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember" unitRef="USD" decimals="-5">5100000</ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue>
<ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardFreightAgreementsMember" unitRef="USD" decimals="-5">-200000</ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue>
<ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_StatementOfFinancialPositionLocationAxis_OtherReceivablesMember" unitRef="USD" decimals="-5">7300000</ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue>
<ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_StatementOfFinancialPositionLocationAxis_OtherLiabilitiesMember" unitRef="USD" decimals="-5">200000</ifrs-full:FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardFreightAgreementsMember_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-5">600000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardFreightAgreementsMember_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardFreightAgreementsMember_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_BunkerSwapContractMember_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_31-Dec-2014T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_BunkerSwapContractMember_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-5">-900000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_BunkerSwapContractMember_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardExchangeContractMember_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardExchangeContractMember_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardExchangeContractMember_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-5">600000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-5">-900000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardFreightAgreementsMember_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-5">-100000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardFreightAgreementsMember_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardFreightAgreementsMember_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_BunkerSwapContractMember_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_BunkerSwapContractMember_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_BunkerSwapContractMember_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardExchangeContractMember_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardExchangeContractMember_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardExchangeContractMember_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-5">100000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-5">-2900000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-5">-100000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-5">-2800000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardFreightAgreementsMember_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-5">500000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardFreightAgreementsMember_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardFreightAgreementsMember_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_BunkerSwapContractMember_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_BunkerSwapContractMember_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-5">1200000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_BunkerSwapContractMember_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardExchangeContractMember_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardExchangeContractMember_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardExchangeContractMember_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-5">-1400000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-6">0</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-5">-2000000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ProfitOrLossLocationAxis_RevenueMember" unitRef="USD" decimals="-5">500000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ProfitOrLossLocationAxis_PortExpensesBunkersAndCommissionsMember" unitRef="USD" decimals="-5">1200000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ProfitOrLossLocationAxis_FinancialItemMember" unitRef="USD" decimals="-5">-3400000</trmd:GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-5">1400000</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardFreightAgreementsMember_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-5">0</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_BunkerSwapContractMember_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-5">-200000</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardExchangeContractMember_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-5">800000</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-5">800000</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-6">-1000000</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardFreightAgreementsMember_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-5">-200000</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_BunkerSwapContractMember_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-6">1000000</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardExchangeContractMember_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-5">-3400000</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-5">1600000</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-5">6900000</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardFreightAgreementsMember_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-5">-300000</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_BunkerSwapContractMember_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-5">0</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardExchangeContractMember_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-5">4400000</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember_ComponentsOfEquityAxis_HedgingReserveMember" unitRef="USD" decimals="-5">2700000</trmd:FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity>
<trmd:FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_ClassesOfFinancialInstrumentsAxis_SwapContractMember" unitRef="USD" decimals="-5">-200000</trmd:FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge>
<trmd:FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_SwapContractMember" unitRef="USD" decimals="-5">800000</trmd:FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge>
<trmd:FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_SwapContractMember" unitRef="USD" decimals="-5">600000</trmd:FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge>
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<ifrs-full:NotionalAmount contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember" unitRef="USD" decimals="-5">382300000</ifrs-full:NotionalAmount>
<ifrs-full:NotionalAmount contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_ClassesOfFinancialInstrumentsAxis_ForwardContractMember" unitRef="DKK" decimals="-5">336400000</ifrs-full:NotionalAmount>
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<ifrs-full:NotionalAmount contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_ClassesOfFinancialInstrumentsAxis_InterestRateSwapContractMember" unitRef="USD" decimals="-5">406400000</ifrs-full:NotionalAmount>
<trmd:SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">26700000</trmd:SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax>
<trmd:SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">25000000</trmd:SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax>
<trmd:SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">24100000</trmd:SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax>
<trmd:SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">26700000</trmd:SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity>
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<trmd:SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">24100000</trmd:SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity>
<trmd:SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-12800000</trmd:SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax>
<trmd:SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">-15600000</trmd:SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax>
<trmd:SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">-18300000</trmd:SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax>
<trmd:SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-12800000</trmd:SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity>
<trmd:SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">-15600000</trmd:SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity>
<trmd:SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">-18300000</trmd:SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity>
<trmd:SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-2800000</trmd:SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax>
<trmd:SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">-1700000</trmd:SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax>
<trmd:SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">-2500000</trmd:SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax>
<trmd:SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-2800000</trmd:SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity>
<trmd:SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">-1700000</trmd:SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity>
<trmd:SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">-2500000</trmd:SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity>
<trmd:SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-3300000</trmd:SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax>
<trmd:SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">-2500000</trmd:SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax>
<trmd:SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">-3200000</trmd:SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax>
<trmd:SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">9500000</trmd:SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity>
<trmd:SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">6800000</trmd:SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity>
<trmd:SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity contextRef="Context_FYE_01_Jan_2018T00_00_00_TO_31_Dec_2018T00_00_00" unitRef="USD" decimals="-5">3600000</trmd:SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity>
<trmd:CoveragePeriodUnderAgreement contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_AgreementAxis_CargoContractsAndTimeCharteRagreementsMember_RangeAxis_BottomOfRangeMember">P6M</trmd:CoveragePeriodUnderAgreement>
<trmd:CoveragePeriodUnderAgreement contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_AgreementAxis_CargoContractsAndTimeCharteRagreementsMember_RangeAxis_TopOfRangeMember">P36M</trmd:CoveragePeriodUnderAgreement>
<trmd:CoveragePeriodUnderAgreement contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_AgreementAxis_ForwardFreightAgreementsMember_RangeAxis_BottomOfRangeMember">P0M</trmd:CoveragePeriodUnderAgreement>
<trmd:CoveragePeriodUnderAgreement contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_AgreementAxis_ForwardFreightAgreementsMember_RangeAxis_TopOfRangeMember">P24M</trmd:CoveragePeriodUnderAgreement>
<trmd:PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="2">0.05</trmd:PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements>
<trmd:PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="2">0.10</trmd:PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements>
<trmd:PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.12</trmd:PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements>
<trmd:PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="2">0.95</trmd:PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging>
<trmd:PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="2">0.83</trmd:PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging>
<trmd:PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.66</trmd:PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging>
<trmd:DerivativeNotionalContractValue contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_PositionTypeAxis_ShortPositionMember" unitRef="USD" decimals="-6">6000000</trmd:DerivativeNotionalContractValue>
<trmd:DerivativeNotionalContractValue contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_PositionTypeAxis_LongPositionMember" unitRef="USD" decimals="-6">4000000</trmd:DerivativeNotionalContractValue>
<trmd:DerivativeNotionalContractValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_PositionTypeAxis_ShortPositionMember" unitRef="USD" decimals="-6">12000000</trmd:DerivativeNotionalContractValue>
<trmd:DerivativeNotionalContractValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_PositionTypeAxis_LongPositionMember" unitRef="USD" decimals="-6">3000000</trmd:DerivativeNotionalContractValue>
<trmd:DerivativeNotionalContractValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_PositionTypeAxis_ShortPositionMember" unitRef="USD" decimals="-6">44000000</trmd:DerivativeNotionalContractValue>
<trmd:DerivativeNotionalContractValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_PositionTypeAxis_LongPositionMember" unitRef="USD" decimals="-6">12000000</trmd:DerivativeNotionalContractValue>
<trmd:DerivativesNonmonetaryNotionalAmountVolume contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_PositionTypeAxis_ShortPositionMember" unitRef="metric_tons" decimals="0">215000</trmd:DerivativesNonmonetaryNotionalAmountVolume>
<trmd:DerivativesNonmonetaryNotionalAmountVolume contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_PositionTypeAxis_LongPositionMember" unitRef="metric_tons" decimals="0">142000</trmd:DerivativesNonmonetaryNotionalAmountVolume>
<trmd:DerivativesNonmonetaryNotionalAmountVolume contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_PositionTypeAxis_ShortPositionMember" unitRef="metric_tons" decimals="0">781000</trmd:DerivativesNonmonetaryNotionalAmountVolume>
<trmd:DerivativesNonmonetaryNotionalAmountVolume contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_PositionTypeAxis_LongPositionMember" unitRef="metric_tons" decimals="0">190000</trmd:DerivativesNonmonetaryNotionalAmountVolume>
<trmd:DerivativesNonmonetaryNotionalAmountVolume contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_PositionTypeAxis_ShortPositionMember" unitRef="metric_tons" decimals="0">1754000</trmd:DerivativesNonmonetaryNotionalAmountVolume>
<trmd:DerivativesNonmonetaryNotionalAmountVolume contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_PositionTypeAxis_LongPositionMember" unitRef="metric_tons" decimals="0">530000</trmd:DerivativesNonmonetaryNotionalAmountVolume>
<trmd:PercentageOfCoverage contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="2">0.08</trmd:PercentageOfCoverage>
<trmd:PercentageOfCoverage contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="2">0.12</trmd:PercentageOfCoverage>
<trmd:PercentageOfCoverage contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.13</trmd:PercentageOfCoverage>
<trmd:NumberOfCompaniesToDiversifyRisk contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_AgreementAxis_CargoContractsAndTimeCharteRagreementsMember_RangeAxis_TopOfRangeMember" unitRef="Company" decimals="INF">16</trmd:NumberOfCompaniesToDiversifyRisk>
<trmd:NumberOfCompaniesToDiversifyRisk contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_RangeAxis_BottomOfRangeMember" unitRef="Company" decimals="INF">14</trmd:NumberOfCompaniesToDiversifyRisk>
<trmd:NumberOfProtectionAndIndemnityClubToDiversifyRisk contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="Club" decimals="INF">2</trmd:NumberOfProtectionAndIndemnityClubToDiversifyRisk>
<trmd:AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="USD" decimals="-8">2000000000</trmd:AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels>
<trmd:AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-8">1600000000</trmd:AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels>
<trmd:AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-8">1400000000</trmd:AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels>
<trmd:PercentageOfConcerntrationRisk contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="3">0.126</trmd:PercentageOfConcerntrationRisk>
<trmd:PercentageOfConcerntrationRisk contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="3">0.126</trmd:PercentageOfConcerntrationRisk>
<trmd:PercentageOfConcerntrationRisk contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="3">0.082</trmd:PercentageOfConcerntrationRisk>
<trmd:AveragePercentageOfDemurrageRevenueCollection contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="2">0.96</trmd:AveragePercentageOfDemurrageRevenueCollection>
<trmd:AveragePercentageOfDemurrageRevenueCollection contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="3">0.968</trmd:AveragePercentageOfDemurrageRevenueCollection>
<trmd:AveragePercentageOfDemurrageRevenueCollection contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.97</trmd:AveragePercentageOfDemurrageRevenueCollection>
<trmd:PercentageOfTotalFreightRevenuesAsDemurrage contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="3">0.177</trmd:PercentageOfTotalFreightRevenuesAsDemurrage>
<trmd:PercentageOfTotalFreightRevenuesAsDemurrage contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="2">0.15</trmd:PercentageOfTotalFreightRevenuesAsDemurrage>
<trmd:PercentageOfTotalFreightRevenuesAsDemurrage contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="3">0.168</trmd:PercentageOfTotalFreightRevenuesAsDemurrage>
<trmd:PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="2">1.00</trmd:PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk>
<trmd:PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="2">0.93</trmd:PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk>
<trmd:PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.65</trmd:PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk>
<trmd:PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="2">0.98</trmd:PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency>
<trmd:PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="2">0.99</trmd:PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency>
<trmd:PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.98</trmd:PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency>
<trmd:PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="2">0.26</trmd:PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency>
<trmd:PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="2">0.27</trmd:PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency>
<trmd:PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.25</trmd:PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency>
<trmd:PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="2">0.55</trmd:PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged>
<trmd:PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="2">0.74</trmd:PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged>
<trmd:PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.62</trmd:PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged>
<trmd:PercentageOfExposureToInterestRateRisk contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="2">0.65</trmd:PercentageOfExposureToInterestRateRisk>
<trmd:PercentageOfExposureToInterestRateRisk contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="2">0.68</trmd:PercentageOfExposureToInterestRateRisk>
<trmd:PercentageOfExposureToInterestRateRisk contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.63</trmd:PercentageOfExposureToInterestRateRisk>
<trmd:CarryingValueOfFleet contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-6">1344000000</trmd:CarryingValueOfFleet>
<trmd:CarryingValueOfFleet contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">1294000000</trmd:CarryingValueOfFleet>
<trmd:MarketValueOfFleetExcludingUndeLiveredNewBuildings contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-6">1260000000</trmd:MarketValueOfFleetExcludingUndeLiveredNewBuildings>
<trmd:MarketValueOfFleetExcludingUndeLiveredNewBuildings contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">1260000000</trmd:MarketValueOfFleetExcludingUndeLiveredNewBuildings>
<trmd:NumberOfTankerSold contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_VesselClassAxis_VesselClassMrMember" unitRef="Tanker" decimals="INF">1</trmd:NumberOfTankerSold>
<trmd:NumberOfTankerSold contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_VesselClassAxis_VesselClassHandysizeMember" unitRef="Tanker" decimals="INF">3</trmd:NumberOfTankerSold>
<trmd:NumberOfTankerPurchased contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_VesselClassAxis_VesselClassMrMember" unitRef="Tanker" decimals="INF">2</trmd:NumberOfTankerPurchased>
<trmd:NumberOfVesselsOnOrderForDeliveryInNextTwoFiscalYears contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="Tanker" decimals="INF">10</trmd:NumberOfVesselsOnOrderForDeliveryInNextTwoFiscalYears>
<trmd:NumberOfAdditionalTankerThatCanBePurchased contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_VesselClassAxis_VesselClassLrOneMember" unitRef="Tanker" decimals="INF">1</trmd:NumberOfAdditionalTankerThatCanBePurchased>
<trmd:NumberOfAdditionalTankerThatCanBePurchased contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_VesselClassAxis_VesselClassMrMember" unitRef="Tanker" decimals="INF">3</trmd:NumberOfAdditionalTankerThatCanBePurchased>
<trmd:PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="2">0.57</trmd:PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels>
<trmd:PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="2">0.50</trmd:PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels>
<trmd:PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.55</trmd:PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels>
<trmd:PercentageOfBunkerConsumptionHedged contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="3">0.002</trmd:PercentageOfBunkerConsumptionHedged>
<trmd:PercentageOfBunkerConsumptionHedged contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="3">0.009</trmd:PercentageOfBunkerConsumptionHedged>
<trmd:PercentageOfBunkerConsumptionHedged contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="3">0.033</trmd:PercentageOfBunkerConsumptionHedged>
<trmd:PercentageOfBunkerRequirementsForHedgingInstruments contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="pure" decimals="3">0.007</trmd:PercentageOfBunkerRequirementsForHedgingInstruments>
<trmd:PercentageOfBunkerRequirementsForHedgingInstruments contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="3">0.016</trmd:PercentageOfBunkerRequirementsForHedgingInstruments>
<trmd:PercentageOfBunkerRequirementsForHedgingInstruments contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="3">0.021</trmd:PercentageOfBunkerRequirementsForHedgingInstruments>
<trmd:NumberOfBanksHavingLoanPortfolio contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="Banks" decimals="INF">9</trmd:NumberOfBanksHavingLoanPortfolio>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">3300000</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LevelsOfFairValueHierarchyAxis_Level1OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_FreightReceivablesMember" unitRef="USD" decimals="-6" id="Footnote-23_1">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LevelsOfFairValueHierarchyAxis_Level2OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_FreightReceivablesMember" unitRef="USD" decimals="-6" id="Footnote-23_2">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LevelsOfFairValueHierarchyAxis_Level3OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_FreightReceivablesMember" unitRef="USD" decimals="-6" id="Footnote-23_3">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_CategoriesOfFinancialAssetsAxis_FreightReceivablesMember" unitRef="USD" decimals="-6" id="Footnote-23_4">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LevelsOfFairValueHierarchyAxis_Level1OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_OtherReceivablesMember" unitRef="USD" decimals="-6">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LevelsOfFairValueHierarchyAxis_Level2OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_OtherReceivablesMember" unitRef="USD" decimals="-5">3300000</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LevelsOfFairValueHierarchyAxis_Level3OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_OtherReceivablesMember" unitRef="USD" decimals="-6">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_CategoriesOfFinancialAssetsAxis_OtherReceivablesMember" unitRef="USD" decimals="-5">3300000</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LevelsOfFairValueHierarchyAxis_Level1OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_CashAndCashEquivalentsMember" unitRef="USD" decimals="-6" id="Footnote-23_5">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LevelsOfFairValueHierarchyAxis_Level2OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_CashAndCashEquivalentsMember" unitRef="USD" decimals="-6" id="Footnote-23_6">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LevelsOfFairValueHierarchyAxis_Level3OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_CashAndCashEquivalentsMember" unitRef="USD" decimals="-6" id="Footnote-23_7">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_CategoriesOfFinancialAssetsAxis_CashAndCashEquivalentsMember" unitRef="USD" decimals="-6" id="Footnote-23_8">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LevelsOfFairValueHierarchyAxis_Level1OfFairValueHierarchyMember" unitRef="USD" decimals="-6">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LevelsOfFairValueHierarchyAxis_Level2OfFairValueHierarchyMember" unitRef="USD" decimals="-5">3300000</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LevelsOfFairValueHierarchyAxis_Level3OfFairValueHierarchyMember" unitRef="USD" decimals="-6">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">7600000</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LevelsOfFairValueHierarchyAxis_Level1OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_FreightReceivablesMember" unitRef="USD" decimals="-6" id="Footnote-23_9">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LevelsOfFairValueHierarchyAxis_Level2OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_FreightReceivablesMember" unitRef="USD" decimals="-6" id="Footnote-23_10">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LevelsOfFairValueHierarchyAxis_Level3OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_FreightReceivablesMember" unitRef="USD" decimals="-6" id="Footnote-23_11">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfFinancialAssetsAxis_FreightReceivablesMember" unitRef="USD" decimals="-6" id="Footnote-23_12">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LevelsOfFairValueHierarchyAxis_Level1OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_OtherReceivablesMember" unitRef="USD" decimals="-6">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LevelsOfFairValueHierarchyAxis_Level2OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_OtherReceivablesMember" unitRef="USD" decimals="-5">7600000</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LevelsOfFairValueHierarchyAxis_Level3OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_OtherReceivablesMember" unitRef="USD" decimals="-6">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfFinancialAssetsAxis_OtherReceivablesMember" unitRef="USD" decimals="-5">7600000</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LevelsOfFairValueHierarchyAxis_Level1OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_CashAndCashEquivalentsMember" unitRef="USD" decimals="-6" id="Footnote-23_13">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LevelsOfFairValueHierarchyAxis_Level2OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_CashAndCashEquivalentsMember" unitRef="USD" decimals="-6" id="Footnote-23_14">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LevelsOfFairValueHierarchyAxis_Level3OfFairValueHierarchyMember_CategoriesOfFinancialAssetsAxis_CashAndCashEquivalentsMember" unitRef="USD" decimals="-6" id="Footnote-23_15">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfFinancialAssetsAxis_CashAndCashEquivalentsMember" unitRef="USD" decimals="-6" id="Footnote-23_16">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LevelsOfFairValueHierarchyAxis_Level1OfFairValueHierarchyMember" unitRef="USD" decimals="-6">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LevelsOfFairValueHierarchyAxis_Level2OfFairValueHierarchyMember" unitRef="USD" decimals="-5">7600000</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LevelsOfFairValueHierarchyAxis_Level3OfFairValueHierarchyMember" unitRef="USD" decimals="-6">0</ifrs-full:FinancialAssetsAtFairValue>
<ifrs-full:FinancialAssetsAtAmortisedCost contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">143300000</ifrs-full:FinancialAssetsAtAmortisedCost>
<ifrs-full:FinancialAssetsAtAmortisedCost contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_CategoriesOfFinancialAssetsAxis_FreightReceivablesMember" unitRef="USD" decimals="-5" id="Footnote-23_17">62500000</ifrs-full:FinancialAssetsAtAmortisedCost>
<ifrs-full:FinancialAssetsAtAmortisedCost contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_CategoriesOfFinancialAssetsAxis_OtherReceivablesMember" unitRef="USD" decimals="-5">4800000</ifrs-full:FinancialAssetsAtAmortisedCost>
<ifrs-full:FinancialAssetsAtAmortisedCost contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_CategoriesOfFinancialAssetsAxis_CashAndCashEquivalentsMember" unitRef="USD" decimals="-5" id="Footnote-23_18">76000000</ifrs-full:FinancialAssetsAtAmortisedCost>
<ifrs-full:FinancialAssetsAtAmortisedCost contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">209700000</ifrs-full:FinancialAssetsAtAmortisedCost>
<ifrs-full:FinancialAssetsAtAmortisedCost contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfFinancialAssetsAxis_FreightReceivablesMember" unitRef="USD" decimals="-5" id="Footnote-23_19">71300000</ifrs-full:FinancialAssetsAtAmortisedCost>
<ifrs-full:FinancialAssetsAtAmortisedCost contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfFinancialAssetsAxis_OtherReceivablesMember" unitRef="USD" decimals="-5">4200000</ifrs-full:FinancialAssetsAtAmortisedCost>
<ifrs-full:FinancialAssetsAtAmortisedCost contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfFinancialAssetsAxis_CashAndCashEquivalentsMember" unitRef="USD" decimals="-5" id="Footnote-23_20">134200000</ifrs-full:FinancialAssetsAtAmortisedCost>
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<ifrs-full:FinancialLiabilitiesAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LevelsOfFairValueHierarchyAxis_Level1OfFairValueHierarchyMember_CategoriesOfFinancialLiabilitiesAxis_OtherLiabilitiesMember" unitRef="USD" decimals="-6" id="Footnote-23_33">0</ifrs-full:FinancialLiabilitiesAtFairValue>
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<ifrs-full:FinancialLiabilitiesAtFairValue contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_LevelsOfFairValueHierarchyAxis_Level3OfFairValueHierarchyMember" unitRef="USD" decimals="-6">0</ifrs-full:FinancialLiabilitiesAtFairValue>
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<ifrs-full:FinancialLiabilitiesAtFairValue contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_LevelsOfFairValueHierarchyAxis_Level3OfFairValueHierarchyMember" unitRef="USD" decimals="-6">0</ifrs-full:FinancialLiabilitiesAtFairValue>
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<ifrs-full:FinancialLiabilitiesAtAmortisedCost contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_CategoriesOfFinancialLiabilitiesAxis_MortgageDebtAndBankLoansMember" unitRef="USD" decimals="-5" id="Footnote-24_9">669600000</ifrs-full:FinancialLiabilitiesAtAmortisedCost>
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<ifrs-full:FinancialLiabilitiesAtAmortisedCost contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfFinancialLiabilitiesAxis_MortgageDebtAndBankLoansMember" unitRef="USD" decimals="-5" id="Footnote-24_10">720900000</ifrs-full:FinancialLiabilitiesAtAmortisedCost>
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<ifrs-full:NameOfUltimateParentOfGroup contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">Oaktree Capital Group, LLC,</ifrs-full:NameOfUltimateParentOfGroup>
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<trmd:AdjustmentsForEquityTransactionsExpensedRelatedToCorporateReorganization contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-6400000</trmd:AdjustmentsForEquityTransactionsExpensedRelatedToCorporateReorganization>
<trmd:AdjustmentsForOtherNoncashItems contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">-100000</trmd:AdjustmentsForOtherNoncashItems>
<trmd:AdjustmentsForOtherNoncashItems contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-200000</trmd:AdjustmentsForOtherNoncashItems>
<ifrs-full:OtherAdjustmentsForNoncashItems contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">-900000</ifrs-full:OtherAdjustmentsForNoncashItems>
<ifrs-full:OtherAdjustmentsForNoncashItems contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-7100000</ifrs-full:OtherAdjustmentsForNoncashItems>
<ifrs-full:OtherAdjustmentsForNoncashItems contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">3700000</ifrs-full:OtherAdjustmentsForNoncashItems>
<trmd:AdjustmentsForIncreaseDecreaseInBunkers contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">15600000</trmd:AdjustmentsForIncreaseDecreaseInBunkers>
<trmd:AdjustmentsForIncreaseDecreaseInBunkers contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-6100000</trmd:AdjustmentsForIncreaseDecreaseInBunkers>
<trmd:AdjustmentsForIncreaseDecreaseInBunkers contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">-1600000</trmd:AdjustmentsForIncreaseDecreaseInBunkers>
<trmd:AdjustmentsForIncreaseDecreaseInPrepayments contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">4900000</trmd:AdjustmentsForIncreaseDecreaseInPrepayments>
<trmd:AdjustmentsForIncreaseDecreaseInPrepayments contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">2700000</trmd:AdjustmentsForIncreaseDecreaseInPrepayments>
<trmd:AdjustmentsForIncreaseDecreaseInPrepayments contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">-1400000</trmd:AdjustmentsForIncreaseDecreaseInPrepayments>
<trmd:AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">2200000</trmd:AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments>
<trmd:AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-1000000</trmd:AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments>
<trmd:AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">6900000</trmd:AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments>
<ifrs-full:NameOfParentEntity contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">TORM plc</ifrs-full:NameOfParentEntity>
<ifrs-full:CountryOfIncorporation contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">United Kingdom</ifrs-full:CountryOfIncorporation>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember" id="Footnote-26_1">TORM A/S</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_DkVesselHoldcoGpApsMember" id="Footnote-26_2">DK Vessel HoldCo GP ApS</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_DkVesselHoldcoKSMember" id="Footnote-26_3">DK Vessel HoldCo K/S</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmGibraltarNjordMidcoLtdMember" id="Footnote-25_4">OCM (Gibraltar) Njord Midco Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordCharteringIncMember" id="Footnote-25_5">OCM Njord Chartering Inc</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAgnesPte.LtdMember" id="Footnote-27_1">OCM Singapore Njord Holdings Agnes, Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAlicePte.LtdMember" id="Footnote-25_7">OCM Singapore Njord Holdings Alice, Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAlmenaPte.LtdMember" id="Footnote-25_8">OCM Singapore Njord Holdings Almena, Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAmaliePte.LtdMember" id="Footnote-27_2">OCM Singapore Njord Holdings Amalie, Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAslaugPte.LtdMember" id="Footnote-27_3">OCM Singapore Njord Holdings Aslaug, Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsHardradaPte.LtdMember" id="Footnote-25_11">OCM Singapore Njord Holdings Hardrada, Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsSt.MichaelisPte.LtdMember" id="Footnote-25_12">OCM Singapore Njord Holdings St.Michaelis Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsSt.GabrielPte.LtdMember" id="Footnote-25_13">OCM Singapore Njord Holdings St. Gabriel Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsHaraldPte.LtdMember" id="Footnote-28_1">OCM Singapore Njord Holdings Harald Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsGormPte.LtdMember" id="Footnote-27_4">OCM Singapore Njord Holdings Gorm Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsKnutPte.LtdMember" id="Footnote-27_5">OCM Singapore Njord Holdings Knut Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsValdemarPte.LtdMember" id="Footnote-27_6">OCM Singapore Njord Holdings Valdemar Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAgnetePte.LtdMember" id="Footnote-25_18">OCM Singapore Njord Holdings Agnete, Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAlexandraPte.LtdMember" id="Footnote-25_19">OCM Singapore Njord Holdings Alexandra, Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAnabelPte.LtdMember" id="Footnote-27_7">OCM Singapore Njord Holdings Anabel, Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsArawaPte.LtdMember" id="Footnote-27_8">OCM Singapore Njord Holdings Arawa Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsLeifPte.LtdMember" id="Footnote-27_9">OCM Singapore Njord Holdings Leif Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsRolfPte.LtdMember" id="Footnote-28_2">OCM Singapore Njord Holdings Rolf Pte. Ltd</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmHoldingsMrsInc.Member" id="Footnote-25_24">OCM Holdings Mrs Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordAnneInc.Member" id="Footnote-25_25">OCM Njord Anne Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordFreyaInc.Member" id="Footnote-25_26">OCM Njord Freya Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordGerdInc.Member" id="Footnote-25_27">OCM Njord Gerd Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordGertrudInc.Member" id="Footnote-25_28">OCM Njord Gertrud Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordGunhildInc.Member" id="Footnote-25_29">OCM Njord Gunhild Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordHeleneInc.Member" id="Footnote-25_30">OCM Njord Helene Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordHelvigInc.Member" id="Footnote-25_31">OCM Njord Helvig Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordIngeborgInc.Member" id="Footnote-25_32">OCM Njord Ingeborg Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordMaryInc.Member" id="Footnote-25_33">OCM Njord Mary Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordRagnhildInc.Member" id="Footnote-25_34">OCM Njord Ragnhild Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordThyraInc.Member" id="Footnote-25_35">OCM Njord Thyra Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordValborgInc.Member" id="Footnote-25_36">OCM Njord Valborg Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordVitaInc.Member" id="Footnote-25_37">OCM Njord Vita Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OmiHoldingLtd.Member" id="Footnote-27_10">OMI Holding Ltd.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TorghattenTormShipowningApsMember" id="Footnote-28_3">Torghatten &amp;amp; TORM Shipowning ApS</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormBrasilConsultoriaEmTransporteMaritimoLtda.Member" id="Footnote-29_1">TORM Brasil Consultoria em Transporte Maritimo LTDA.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormCrewingServiceLtd.Member" id="Footnote-26_7">TORM Crewing Service Ltd.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormShippingIndiaPrivateLimitedMember" id="Footnote-26_8">TORM Shipping India Private Limited</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormSingaporePte.Ltd.Member" id="Footnote-26_9">TORM Singapore Pte. Ltd.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormUsaLlcMember" id="Footnote-26_10">TORM USA LLC</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TtShipowningKSMember" id="Footnote-28_4">TT Shipowning K/S</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco1KSMember" id="Footnote-26_12">VesselCo 1 K/S</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco2Pte.Ltd.Member" id="Footnote-29_2">VesselCo 2 Pte. Ltd.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco3KSMember" id="Footnote-26_14">VesselCo 3 K/S</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco4Pte.Ltd.Member" id="Footnote-29_3">VesselCo 4 Pte. Ltd.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco5KSMember" id="Footnote-30_1">VesselCo 5 K/S</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco6Pte.Ltd.Member" id="Footnote-26_17">VesselCo 6 Pte. Ltd.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco7Pte.Ltd.Member" id="Footnote-26_18">VesselCo 7 Pte. Ltd.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco8Pte.Ltd.Member" id="Footnote-26_19">VesselCo 8 Pte. Ltd.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco9Pte.Ltd.Member" id="Footnote-31_1">VesselCo 9 Pte. Ltd.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco10Pte.Ltd.Member" id="Footnote-31_2">VesselCo 10 Pte. Ltd.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco11Pte.Ltd.Member" id="Footnote-31_3">VesselCo 11 Pte. Ltd.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco12Pte.Ltd.Member" id="Footnote-30_2">VesselCo 12 Pte. Ltd.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormShippingPhils.Inc.Member" id="Footnote-26_20">TORM Shipping (Phils.), Inc.</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_VesselcoAApsMember" id="Footnote-26_21">VesselCo A ApS</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_VesselcoCApsMember" id="Footnote-26_22">VesselCo C ApS</ifrs-full:NameOfSubsidiary>
<ifrs-full:NameOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_VesselcoEApsMember" id="Footnote-30_3">VesselCo E ApS</ifrs-full:NameOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember">Denmark</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_DkVesselHoldcoGpApsMember">Denmark</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_DkVesselHoldcoKSMember">Denmark</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmGibraltarNjordMidcoLtdMember">Gibraltar</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordCharteringIncMember">Marshall Islands</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAgnesPte.LtdMember">Singapore</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAlicePte.LtdMember">Singapore</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
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<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsGormPte.LtdMember">Singapore</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsKnutPte.LtdMember">Singapore</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsValdemarPte.LtdMember">Singapore</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAgnetePte.LtdMember">Singapore</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAlexandraPte.LtdMember">Singapore</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
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<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsRolfPte.LtdMember">Singapore</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmHoldingsMrsInc.Member">Marshall Islands</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordAnneInc.Member">Marshall Islands</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
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<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordGunhildInc.Member">Marshall Islands</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordHeleneInc.Member">Marshall Islands</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
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<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordIngeborgInc.Member">Marshall Islands</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordMaryInc.Member">Marshall Islands</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordRagnhildInc.Member">Marshall Islands</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
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<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TorghattenTormShipowningApsMember">Denmark</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
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<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormCrewingServiceLtd.Member">Bermuda</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
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<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco10Pte.Ltd.Member">Singapore</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco11Pte.Ltd.Member">Singapore</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco12Pte.Ltd.Member">Singapore</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormShippingPhils.Inc.Member">Philippines</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_VesselcoAApsMember">Denmark</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_VesselcoCApsMember">Denmark</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_VesselcoEApsMember">Denmark</ifrs-full:CountryOfIncorporationOrResidenceOfSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember" unitRef="pure" decimals="2" id="Footnote-32_1">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_DkVesselHoldcoGpApsMember" unitRef="pure" decimals="2" id="Footnote-32_2">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_DkVesselHoldcoKSMember" unitRef="pure" decimals="2" id="Footnote-32_3">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmGibraltarNjordMidcoLtdMember" unitRef="pure" decimals="2" id="Footnote-32_4">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordCharteringIncMember" unitRef="pure" decimals="2" id="Footnote-32_5">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAgnesPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_6">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAlicePte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_7">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAlmenaPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_8">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAmaliePte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_9">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAslaugPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_10">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsHardradaPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_11">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsSt.MichaelisPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_12">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsSt.GabrielPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_13">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsHaraldPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_14">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsGormPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_15">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsKnutPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_16">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsValdemarPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_17">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAgnetePte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_18">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAlexandraPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_19">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsAnabelPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_20">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsArawaPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_21">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsLeifPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_22">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmSingaporeNjordHoldingsRolfPte.LtdMember" unitRef="pure" decimals="2" id="Footnote-32_23">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmHoldingsMrsInc.Member" unitRef="pure" decimals="2" id="Footnote-32_24">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordAnneInc.Member" unitRef="pure" decimals="2" id="Footnote-32_25">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordFreyaInc.Member" unitRef="pure" decimals="2" id="Footnote-32_26">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordGerdInc.Member" unitRef="pure" decimals="2" id="Footnote-32_27">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordGertrudInc.Member" unitRef="pure" decimals="2" id="Footnote-32_28">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordGunhildInc.Member" unitRef="pure" decimals="2" id="Footnote-32_29">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordHeleneInc.Member" unitRef="pure" decimals="2" id="Footnote-32_30">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordHelvigInc.Member" unitRef="pure" decimals="2" id="Footnote-32_31">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordIngeborgInc.Member" unitRef="pure" decimals="2" id="Footnote-32_32">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordMaryInc.Member" unitRef="pure" decimals="2" id="Footnote-32_33">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordRagnhildInc.Member" unitRef="pure" decimals="2" id="Footnote-32_34">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordThyraInc.Member" unitRef="pure" decimals="2" id="Footnote-32_35">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordValborgInc.Member" unitRef="pure" decimals="2" id="Footnote-32_36">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OcmNjordVitaInc.Member" unitRef="pure" decimals="2" id="Footnote-32_37">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_OmiHoldingLtd.Member" unitRef="pure" decimals="2" id="Footnote-32_38">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TorghattenTormShipowningApsMember" unitRef="pure" decimals="2" id="Footnote-32_39">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormBrasilConsultoriaEmTransporteMaritimoLtda.Member" unitRef="pure" decimals="2" id="Footnote-32_40">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormCrewingServiceLtd.Member" unitRef="pure" decimals="2" id="Footnote-32_41">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormShippingIndiaPrivateLimitedMember" unitRef="pure" decimals="2" id="Footnote-32_42">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormSingaporePte.Ltd.Member" unitRef="pure" decimals="2" id="Footnote-32_43">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormUsaLlcMember" unitRef="pure" decimals="2" id="Footnote-32_44">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TtShipowningKSMember" unitRef="pure" decimals="2" id="Footnote-32_45">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco1KSMember" unitRef="pure" decimals="2" id="Footnote-32_46">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco2Pte.Ltd.Member" unitRef="pure" decimals="2" id="Footnote-32_47">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco3KSMember" unitRef="pure" decimals="2" id="Footnote-32_48">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco4Pte.Ltd.Member" unitRef="pure" decimals="2" id="Footnote-32_49">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco5KSMember" unitRef="pure" decimals="2" id="Footnote-32_50">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco6Pte.Ltd.Member" unitRef="pure" decimals="2" id="Footnote-32_51">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco7Pte.Ltd.Member" unitRef="pure" decimals="2" id="Footnote-32_52">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco8Pte.Ltd.Member" unitRef="pure" decimals="2" id="Footnote-32_53">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco9Pte.Ltd.Member" unitRef="pure" decimals="2" id="Footnote-32_54">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco10Pte.Ltd.Member" unitRef="pure" decimals="2" id="Footnote-32_55">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco11Pte.Ltd.Member" unitRef="pure" decimals="2" id="Footnote-32_56">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_Vesselco12Pte.Ltd.Member" unitRef="pure" decimals="2" id="Footnote-32_57">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormShippingPhils.Inc.Member" unitRef="pure" decimals="2" id="Footnote-32_58">0.25</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_VesselcoAApsMember" unitRef="pure" decimals="2" id="Footnote-32_59">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_VesselcoCApsMember" unitRef="pure" decimals="2" id="Footnote-32_60">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_SignificantInvestmentsInSubsidiariesAxis_VesselcoEApsMember" unitRef="pure" decimals="2" id="Footnote-32_61">1.00</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
<ifrs-full:CountryOfIncorporationOfJointVenture contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_JointVenturesAxis_LongRange2ASMember">Denmark</ifrs-full:CountryOfIncorporationOfJointVenture>
<ifrs-full:CountryOfIncorporationOfJointVenture contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_JointVenturesAxis_Lr2ManagementKSMember">Denmark</ifrs-full:CountryOfIncorporationOfJointVenture>
<ifrs-full:ProportionOfOwnershipInterestInJointVenture contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_JointVenturesAxis_LongRange2ASMember" unitRef="pure" decimals="2">0.50</ifrs-full:ProportionOfOwnershipInterestInJointVenture>
<ifrs-full:ProportionOfOwnershipInterestInJointVenture contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_JointVenturesAxis_Lr2ManagementKSMember" unitRef="pure" decimals="2">0.50</ifrs-full:ProportionOfOwnershipInterestInJointVenture>
<ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="Context_Custom_01_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember_CategoriesOfRelatedPartiesAxis_OcmNjordHoldingsS..R.L.Member_BusinessCombinationsAxis_BusinessCombinationsMember" unitRef="pure" decimals="4">0.6199</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
<ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">1.00</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
<trmd:WeightedAverageNumberOfSharesIssued contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="shares" decimals="-5">51700000</trmd:WeightedAverageNumberOfSharesIssued>
<trmd:WeightedAverageNumberOfSharesIssued contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="shares" decimals="-5">63100000</trmd:WeightedAverageNumberOfSharesIssued>
<trmd:WeightedAverageNumberOfSharesIssued contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="shares" decimals="-5">62300000</trmd:WeightedAverageNumberOfSharesIssued>
<trmd:WeightedAverageNumberOfSharesTreasuryShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="shares" decimals="-6">0</trmd:WeightedAverageNumberOfSharesTreasuryShares>
<trmd:WeightedAverageNumberOfSharesTreasuryShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="shares" decimals="-5">200000</trmd:WeightedAverageNumberOfSharesTreasuryShares>
<trmd:WeightedAverageNumberOfSharesTreasuryShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="shares" decimals="-5">300000</trmd:WeightedAverageNumberOfSharesTreasuryShares>
<ifrs-full:WeightedAverageShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="shares" decimals="-5">51700000</ifrs-full:WeightedAverageShares>
<ifrs-full:WeightedAverageShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="shares" decimals="-5">62900000</ifrs-full:WeightedAverageShares>
<ifrs-full:WeightedAverageShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="shares" decimals="-6">62000000</ifrs-full:WeightedAverageShares>
<ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="shares" decimals="-6">0</ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares>
<ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="shares" decimals="-6">0</ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares>
<ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="shares" decimals="-6">0</ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares>
<ifrs-full:AdjustedWeightedAverageShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="shares" decimals="-5">51700000</ifrs-full:AdjustedWeightedAverageShares>
<ifrs-full:AdjustedWeightedAverageShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="shares" decimals="-5">62900000</ifrs-full:AdjustedWeightedAverageShares>
<ifrs-full:AdjustedWeightedAverageShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="shares" decimals="-6">62000000</ifrs-full:AdjustedWeightedAverageShares>
<trmd:DividendPaidOnShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-6">0</trmd:DividendPaidOnShares>
<trmd:DividendPaidOnShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-6">25000000</trmd:DividendPaidOnShares>
<trmd:DividendPaidOnShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">1200000</trmd:DividendPaidOnShares>
<trmd:NumberOfSharesOnWhichDividendPaid contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="shares" decimals="-5">63800000</trmd:NumberOfSharesOnWhichDividendPaid>
<trmd:NumberOfSharesOnWhichDividendPaid contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="shares" decimals="-5">62300000</trmd:NumberOfSharesOnWhichDividendPaid>
<trmd:NumberOfSharesOnWhichDividendPaid contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="shares" decimals="-5">62300000</trmd:NumberOfSharesOnWhichDividendPaid>
<trmd:DividendPerShare contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD_per_Share" decimals="0">0</trmd:DividendPerShare>
<trmd:DividendPerShare contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD_per_Share" decimals="1">0.4</trmd:DividendPerShare>
<trmd:DividendPerShare contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD_per_Share" decimals="2">0.02</trmd:DividendPerShare>
<ifrs-full:PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">859900000</ifrs-full:PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate>
<trmd:InvestmentInJointVenturesRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">300000</trmd:InvestmentInJointVenturesRecognisedAsOfAcquisitionDate>
<trmd:BunkersRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">27800000</trmd:BunkersRecognisedAsOfAcquisitionDate>
<trmd:FreightReceivablesRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">53400000</trmd:FreightReceivablesRecognisedAsOfAcquisitionDate>
<trmd:OtherReceivablesRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">6600000</trmd:OtherReceivablesRecognisedAsOfAcquisitionDate>
<trmd:PrepaymentsRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">10600000</trmd:PrepaymentsRecognisedAsOfAcquisitionDate>
<ifrs-full:CashAndCashEquivalentsRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">77500000</ifrs-full:CashAndCashEquivalentsRecognisedAsOfAcquisitionDate>
<ifrs-full:DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">45100000</ifrs-full:DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate>
<trmd:MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">560700000</trmd:MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate>
<ifrs-full:ContingentLiabilitiesRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">13500000</ifrs-full:ContingentLiabilitiesRecognisedAsOfAcquisitionDate>
<ifrs-full:TradeAndOtherPayablesRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">27300000</ifrs-full:TradeAndOtherPayablesRecognisedAsOfAcquisitionDate>
<ifrs-full:CurrentLiabilitiesRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">1400000</ifrs-full:CurrentLiabilitiesRecognisedAsOfAcquisitionDate>
<trmd:OtherLiabilitiesRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">29700000</trmd:OtherLiabilitiesRecognisedAsOfAcquisitionDate>
<trmd:TimeCharterContractsRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">1600000</trmd:TimeCharterContractsRecognisedAsOfAcquisitionDate>
<ifrs-full:DeferredIncomeRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">400000</ifrs-full:DeferredIncomeRecognisedAsOfAcquisitionDate>
<ifrs-full:FinancialAssetsRecognisedAsOfAcquisitionDate contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">356400000</ifrs-full:FinancialAssetsRecognisedAsOfAcquisitionDate>
<ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">367800000</ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed>
<ifrs-full:FairValueOfAcquiredReceivables contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember_CategoriesOfRelatedPartiesAxis_OcmNjordHoldingsS..R.L.Member_BusinessCombinationsAxis_BusinessCombinationsMember" unitRef="USD" decimals="-5">60000000</ifrs-full:FairValueOfAcquiredReceivables>
<ifrs-full:GrossContractualAmountsReceivableForAcquiredReceivables contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember_CategoriesOfRelatedPartiesAxis_OcmNjordHoldingsS..R.L.Member_BusinessCombinationsAxis_BusinessCombinationsMember" unitRef="USD" decimals="-5">61900000</ifrs-full:GrossContractualAmountsReceivableForAcquiredReceivables>
<ifrs-full:BestEstimateAtAcquisitionDateOfContractualCashFlowsNotExpectedToBeCollectedForAcquiredReceivables contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember_CategoriesOfRelatedPartiesAxis_OcmNjordHoldingsS..R.L.Member_BusinessCombinationsAxis_BusinessCombinationsMember" unitRef="USD" decimals="-5">1900000</ifrs-full:BestEstimateAtAcquisitionDateOfContractualCashFlowsNotExpectedToBeCollectedForAcquiredReceivables>
<ifrs-full:RevenueOfAcquiree contextRef="Context_Custom_01_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember_CategoriesOfRelatedPartiesAxis_OcmNjordHoldingsS..R.L.Member_BusinessCombinationsAxis_BusinessCombinationsMember" unitRef="USD" decimals="-5">390800000</ifrs-full:RevenueOfAcquiree>
<ifrs-full:ProfitLossOfAcquiree contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember_CategoriesOfRelatedPartiesAxis_OcmNjordHoldingsS..R.L.Member_BusinessCombinationsAxis_BusinessCombinationsMember" unitRef="USD" decimals="-5">88200000</ifrs-full:ProfitLossOfAcquiree>
<ifrs-full:RevenueOfCombinedEntity contextRef="Context_Custom_01_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember_CategoriesOfRelatedPartiesAxis_OcmNjordHoldingsS..R.L.Member_BusinessCombinationsAxis_BusinessCombinationsMember" unitRef="USD" decimals="-5">854300000</ifrs-full:RevenueOfCombinedEntity>
<ifrs-full:ProfitLossOfCombinedEntity contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_SignificantInvestmentsInSubsidiariesAxis_TormAsMember_CategoriesOfRelatedPartiesAxis_OcmNjordHoldingsS..R.L.Member_BusinessCombinationsAxis_BusinessCombinationsMember" unitRef="USD" decimals="-5">186700000</ifrs-full:ProfitLossOfCombinedEntity>
<trmd:DryDockingPeriodPropertyPlantAndEquipmentPeriod contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">every 30 and 60 months</trmd:DryDockingPeriodPropertyPlantAndEquipmentPeriod>
<ifrs-full:NetForeignExchangeGain contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-4">700000</ifrs-full:NetForeignExchangeGain>
<ifrs-full:NetForeignExchangeGain contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-4">2800000</ifrs-full:NetForeignExchangeGain>
<ifrs-full:NetForeignExchangeGain contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-4">2700000</ifrs-full:NetForeignExchangeGain>
<trmd:MarketPricePerShare contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_CategoriesOfRelatedPartiesAxis_ChiefExecutiveOfficerCEOMember_TypesOfSharebasedPaymentArrangementsAxis_LongTermIncentivePlanMember" unitRef="DKK_per_Share" decimals="2">84.05</trmd:MarketPricePerShare>
<ifrs-full:InterestExpenseOnBorrowings contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-4" id="Footnote-15_4">15000000</ifrs-full:InterestExpenseOnBorrowings>
<ifrs-full:InterestExpenseOnBorrowings contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-4" id="Footnote-15_5">29700000</ifrs-full:InterestExpenseOnBorrowings>
<ifrs-full:InterestExpenseOnBorrowings contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-4" id="Footnote-15_6">33300000</ifrs-full:InterestExpenseOnBorrowings>
<ifrs-full:NetForeignExchangeLoss contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-4">600000</ifrs-full:NetForeignExchangeLoss>
<ifrs-full:NetForeignExchangeLoss contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-4">2600000</ifrs-full:NetForeignExchangeLoss>
<ifrs-full:NetForeignExchangeLoss contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-4">3200000</ifrs-full:NetForeignExchangeLoss>
<ifrs-full:FinanceIncomeCost contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-4">-15900000</ifrs-full:FinanceIncomeCost>
<ifrs-full:FinanceIncomeCost contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-4">-34500000</ifrs-full:FinanceIncomeCost>
<ifrs-full:FinanceIncomeCost contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-4">-36300000</ifrs-full:FinanceIncomeCost>
<trmd:PeriodOverWhichAdjustedAverageRatesAreConsideredForEstimatingFutureFreightRates contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">P10Y</trmd:PeriodOverWhichAdjustedAverageRatesAreConsideredForEstimatingFutureFreightRates>
<trmd:DescriptionOfAccountingPolicyForProvisionForBadDebtExplanatoryPolicyTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Provisions for bad debt&lt;/div&gt;
&lt;div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Provision for bad debt is defined as the write off of certain accounts receivable assessed as being uncollectible. The assessment is based on historical experience and on an individual basis.&lt;/div&gt;</trmd:DescriptionOfAccountingPolicyForProvisionForBadDebtExplanatoryPolicyTextBlock>
<trmd:ImpairmentLossInCaseClarksonFreightRatesWereUsed contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">20000000</trmd:ImpairmentLossInCaseClarksonFreightRatesWereUsed>
<ifrs-full:DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00" unitRef="pure" decimals="3">0.083</ifrs-full:DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse>
<ifrs-full:DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="pure" decimals="3">0.088</ifrs-full:DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse>
<ifrs-full:DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="3">0.087</ifrs-full:DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse>
<trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_VesselClassAxis_VesselClassLrTwoMember" unitRef="USD" decimals="0">21975</trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation>
<trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_VesselClassAxis_VesselClassLrOneMember" unitRef="USD" decimals="0">18900</trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation>
<trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_VesselClassAxis_VesselClassMrMember" unitRef="USD" decimals="0">16948</trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation>
<trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation contextRef="Context_As_Of_31_Dec_2015T00_00_00_TO_31_Dec_2015T00_00_00_VesselClassAxis_VesselClassHandysizeMember" unitRef="USD" decimals="0">17868</trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation>
<trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_VesselClassAxis_VesselClassLrTwoMember" unitRef="USD" decimals="0">20176</trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation>
<trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_VesselClassAxis_VesselClassLrOneMember" unitRef="USD" decimals="0">17124</trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation>
<trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_VesselClassAxis_VesselClassMrMember" unitRef="USD" decimals="0">15118</trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation>
<trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00_VesselClassAxis_VesselClassHandysizeMember" unitRef="USD" decimals="0">15203</trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation>
<trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_VesselClassAxis_VesselClassLrTwoMember" unitRef="USD" decimals="0">17216</trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation>
<trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_VesselClassAxis_VesselClassLrOneMember" unitRef="USD" decimals="0">16445</trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation>
<trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_VesselClassAxis_VesselClassMrMember" unitRef="USD" decimals="0">15794</trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation>
<trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00_VesselClassAxis_VesselClassHandysizeMember" unitRef="USD" decimals="0">14416</trmd:AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation>
<trmd:SensitivityAnalysisOfValueInUseChangeInKeyAssumptionPerDayFreightRates contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="0">1000</trmd:SensitivityAnalysisOfValueInUseChangeInKeyAssumptionPerDayFreightRates>
<trmd:SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionPerDayFreightRates contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">241000000</trmd:SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionPerDayFreightRates>
<trmd:SensitivityAnalysisOfValueInUseChangeInKeyAssumptionWeightedAverageCostOfCapital contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.01</trmd:SensitivityAnalysisOfValueInUseChangeInKeyAssumptionWeightedAverageCostOfCapital>
<trmd:SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionWeightedAverageCostOfCapital contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">USD 100-112m</trmd:SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionWeightedAverageCostOfCapital>
<trmd:SensitivityAnalysisOfValueInUseChangeInKeyAssumptionOperatingExpenses contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="pure" decimals="2">0.10</trmd:SensitivityAnalysisOfValueInUseChangeInKeyAssumptionOperatingExpenses>
<trmd:SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionOperatingExpenses contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">187000000</trmd:SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionOperatingExpenses>
<trmd:DisclosureOfNatureAndExtentOfSignificantRisksExplanatoryTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;NOTE 20 &amp;#8212; RISKS ASSOCIATED WITH TORM'S ACTIVITIES&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The risks can generally be divided into four main categories:&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; margin-left: 30px; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Long-term strategic risks&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; margin-left: 30px; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;industry and market-related risks&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; margin-left: 30px; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;operational and compliance risks&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; margin-left: 30px; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;financial risks&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The risks described under each of the four categories are considered to be among the most significant risks for TORM within each category.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;LONG-TERM STRATEGIC RISKS&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Industry-changing risks, such as the substitution of oil for other energy sources and radical changes in transportation patterns, are considered to have a relatively high potential impact but are long-term risks. Management continues to monitor long-term strategic risks to ensure the earliest possible mitigation of potential risks and develop necessary capabilities to exploit opportunities created by the same risks.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;INDUSTRY AND MARKET RELATED RISKS&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures:
 normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Industry and market-related risk factors relate to changes in the markets and in the political, economic and physical environment that Management cannot control such as freight rates and vessel and bunker prices.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;FREIGHT RATE FLUCTUATIONS&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The Company's income is principally generated from voyages carried out by its fleet of vessels. As such, TORM is exposed to the considerable volatility that characterizes freight rates for such voyages.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;It is the Company's strategy to seek a certain exposure to this risk, as volatility also represents an opportunity because earnings historically have been higher in the day-to-day market compared to time charters. The fluctuations in freight rates for different routes may vary substantially. However, TORM is aiming at reducing the sensitivity to the volatility of such specific freight rates by actively seeking the optimal geographical positioning of the fleet and by optimizing the services offered to customers.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Tanker freight income is to a certain extent covered against general fluctuations through the use of physical contracts such as cargo contracts and time charter agreements with durations of 6-36 months. In addition, TORM uses financial instruments such as forward freight agreements (FFAs) with coverage of typically 0-24 months forward, based on market expectations and in accordance with the Company's risk management policies. In 2017, 12% (2016: 10%; 2015: 5%) of freight earnings deriving from the Company's tankers was secured in this way. Physical time charter contracts accounted for 66% (2016: 83%; 2015: 95%) of overall hedging. In 2017, the Company sold FFAs with a notional contract value of USD 44m (2016: USD 12m; 2015: USD 6m) and bought FFAs with a notional contract value of USD 12m (2016: USD 3m; 2015: USD 4m). The total notional contract volume sold in 2017 was 1,754,000 metric tons (2016: 781,000 metric tons; 2015: 215,000 metric tons) and the total notional volume bought was 530,000 metric tons (2016: 190,000 metric tons; 2015: 142,000 metric tons). At the end of 2017, the coverage for 2018 was 13% (2016: 12%; 2015: 8%).&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;FFA trade and other freight-related derivatives are subject to specific policies and guidelines approved by the Risk Committee, including trading limits, stop-loss policies, segregation of duties and other internal control procedures.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;All things being equal and to the extent the Company's vessels have not already been chartered out at fixed rates, a freight rate change of USD/day 1,000 would lead to the following change in profit before tax based on the expected number of earning days for the coming financial year:&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;SENSITIVITY TO CHANGES IN FREIGHT RATES&lt;/font&gt;&lt;/p&gt;
&lt;table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2018&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px
 solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; width: 1095px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Decrease in freight rates of USD/day&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 154px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;1,000:&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Changes in profit before tax&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;24.1&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;25.0&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;26.7&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Changes in equity&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;24.1&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;25.0&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;26.7&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;SALES AND PURCHASE PRICE FLUCTUATIONS&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;As an owner of vessels, TORM is exposed to risk associated with changes in the value of the vessels, which can vary considerably during their useful lives. As of 31 December 2017, the carrying value of the fleet was USD 1,294m (2016: USD 1,344m). Based on broker valuations, TORM's fleet excluding undelivered newbuildings had a market value of USD 1,260m as of 31 December 2017 (2016: USD 1,260m). During 2017, TORM has sold three Handysize tankers and one MR tanker and bought two new MR tankers. Furthermore, TORM has ten vessels on order for delivery in 2018-2019 and options for purchase of an additional one LR1 tanker and three MR tankers.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;BUNKER PRICE FLUCTUATIONS&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The cost of fuel oil consumed by the vessels, known in the industry as bunkers, accounted for 55% of the total voyage costs in 2017 (2016: 50%; 2015: 57%) and is by far the biggest single cost related to a voyage.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;TORM is exposed to fluctuations in bunker prices that are not reflected in the freight rates achieved by the Company. To reduce this exposure, TORM hedges part of its bunker requirements with oil derivatives.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Bunker trade is subject to specific risk policies and guidelines approved by the Risk Committee including trading limits, stop-loss, stop-gain and stop-at-zero policies, segregation of duties and other internal control procedures.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align:
 left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;TORM applies hedge accounting to all bunker hedge contracts.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;In 2017, 3.3% (2016: 0.9%; 2015: 0.2%) of TORM's bunker consumption was hedged through bunker hedging contracts. At the end of 2017, TORM had covered 2.1% (2016: 1.6%; 2015: 0.7%) of its bunker requirements for 2018 using hedging instruments.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;All things being equal, a price change of 10% per ton of bunker oil (without subsequent changes in freight rates) would lead to the following change in expenditure based on the expected bunker consumption in the spot market.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;SENSITIVITY TO CHANGES IN THE BUNKER PRICES&lt;/font&gt;&lt;/p&gt;
&lt;table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; width: 1095px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2018&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; width: 154px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Increase in the bunker prices of 10% per ton:&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Changes in profit before tax&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-18.3&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-15.6&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-12.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Changes in equity&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-18.3&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-15.6&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-12.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;OPERATIONAL AND COMPLIANCE RISKS&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent:
 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Operational risks are risks associated with the ongoing operations of the business and include risks such as safe operation of vessels, availability of experienced seafarers and staff, terrorism, piracy as well as insurance and counterparty risk.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;INSURANCE COVERAGE&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;In the course of the fleet's operation, various casualties, accidents and other incidents may occur that may result in financial losses for TORM. For example, national and international rules, regulations and conventions mean that the Company may incur substantial liabilities in the event that a vessel is involved in an oil spill or emission of other environmentally hazardous agents.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;In order to reduce the exposure to these risks, the fleet is insured against such risks to the extent possible. The total insurance program comprises a broad cover of risks in relation to the operation of vessels and transportation of cargo, including personal injury, environmental damage and pollution, cargo damage, third-party casualty and liability, hull and machinery damage, total loss and war. All of TORM's owned vessels are insured for an amount corresponding to their market value plus a margin to cover any fluctuations. Liability risks are covered in line with international standards. It is TORM's policy to cooperate with financially sound international insurance companies with a credit rating of BBB or better, presently some 14-16 companies, along with two P&amp;amp;I clubs, to diversify risk. The P&amp;amp;I clubs are member of the internationally recognized collaboration, International Group of P&amp;amp;I clubs, and the Company's vessels are each insured for the maximum amount available in the P&amp;amp;I system. At the end of 2017, the aggregate insured value of hull and machinery and interest for TORM's owned vessels amounted to USD 1.4 billion (2016: USD 1.6 billion; 2015: USD 2.0 billion).&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;COUNTERPARTY RISK&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Counterparty risk is an ever-present challenge demanding close monitoring to manage and decide on actions to minimize possible losses. The maximum counterparty risk associated is equal to the values recognized in the balance sheet. A consequential effect of the counterparty risk is loss of income in future periods, e.g. counterparties not being able to fulfill their responsibilities under a time charter, a contract of affreightment or an option. The main risk is the difference between the fixed rates under a time charter or a contract of affreightment and the market rates prevailing upon default.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The Company has a close focus on its risk policies and procedures to ensure that risks managed in the day-to-day business are kept at agreed levels and that changes in the risk situations are brought to Management's attention.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The Company's counterparty risks are primarily associated with:&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; margin-left: 30px; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal;
 font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Receivables, cash and cash equivalents&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; margin-left: 30px; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Contracts of affreightment with a positive fair value&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; margin-left: 30px; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Derivative financial instruments and commodity instruments with positive fair value&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Receivables, cash and cash equivalents&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The majority of TORM's customers are companies that operate in the oil industry. It is assessed that these companies are, to a great extent, subject to the same risk factors as those identified for TORM.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;A major part of the Company's freight revenues stems from a small group of customers. One customer accounted for 8.2% of the freight revenues in 2017 (2016: 12.6%; 2015: 12.6%). The concentration of earnings on a few customers requires extra attention to credit risk. TORM has a credit policy under which continued credit evaluations of new and existing customers take place. For long-standing customers, payment of freight normally takes place after a vessel's cargo has been discharged. For new and smaller customers, the Company's credit risk is limited, as freight is usually paid prior to the cargo's discharge, or, alternatively, that a suitable bank guarantee is placed in lieu thereof.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;As a consequence of the payment patterns mentioned above, the Company's receivables primarily consist of receivables from voyages in progress at year-end and, to a lesser extent, of outstanding demurrage. For the past five years, the Company has not experienced any significant losses in respect of charter payments or any other freight agreements. With regard to the collection of demurrage, the Company's average stands at 97.0% (2016: 96.8%; 2015: 96%), which is considered to be satisfactory given the differences in interpretation of events. In 2017, demurrage represented 16.8% (2016: 15.0%; 2015: 17.7%) of the total freight revenues.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Excess liquidity is placed on deposit accounts with major banks with strong and acceptable credit ratings or invested in secure papers such as American or Danish government bonds. Cash is invested with the aim of getting the highest possible yield while maintaining a low counterparty risk and adequate liquidity reserves for possible investment opportunities or to withstand a sudden drop in freight rates.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Derivative financial instruments and commodity instruments&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;
 text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;In 2017, 65% (2016: 93%; 2015: 100%) of TORM's forward freight agreements (FFAs) and fuel swaps were cleared through NASDAQ, effectively reducing counterparty credit risk by daily clearing of balances. Over-the-counter fuel swaps have restrictively been entered into with major oil companies, banks or highly reputed partners with a satisfactory credit rating. TORM also trades FX and interest derivatives. All such derivatives were done with investment grade counterparties..&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;FINANCIAL RISKS&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Financial risks relate to the Company's financial position, financing and cash flows generated by the business, including foreign exchange risk and interest rate risk. The Company's liquidity and capital resources are described in Note 2.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;FOREIGN EXCHANGE RISK&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;TORM uses USD as its functional currency because the majority of the Company's transactions are denominated in USD. The foreign exchange risk is thereby limited to cash flows not denominated in USD. The primary risk relates to transactions denominated in DKK, EUR and SGD and relates to administrative and operating expenses.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;The part of the Company's expenses that are denominated in currencies other than USD accounts for approximately 98% (2016: 99%; 2015: 98%) for administrative expenses and approximately 25% (2016: 27%; 2015: 26%) for operating expenses.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Approximately 62% (2016: 74%, 2015: 55%) of TORM's administrative and operating expenses in DKK and EUR in 2018 are hedged through FX forward contracts. TORM assumes identical currency risks arising from exposures in DKK and EUR.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;SENSITIVITY TO CHANGES IN THE USD/DKK AND USD/EUR EXCHANGE RATE&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;All things being equal, a change in the USD/DKK and USD/EUR exchange rate of 10% would result in a change in profit before tax and equity as follows:&lt;/font&gt;&lt;/p&gt;
&lt;table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; width: 1095px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2018&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; width: 154px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;"
 size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Effect of a 10% increase of DKK and EUR:&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Changes in profit before tax&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-2.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-1.7&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-2.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Changes in equity&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-2.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-1.7&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-2.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;INTEREST RATE RISK&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;TORM's interest rate risk generally relates to interest-bearing mortgage debt and bank loans. All of the Company's loans for financing vessels are denominated in USD, and all are floating rate loans. At the end of 2017, TORM has fixed 63% of the interest exposure for 2018 (2016: 68%; 2015: 65%). The fixing is a result of floating rate loans, where USD 3 or 6 months Libor were fixed in 2017 into 2018 and interest hedging through interest rate swaps.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;SENSITIVITY TO CHANGES IN INTEREST RATES&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;All things being equal, a change in the interest rate level of 1%-point would result in a change in the interest rate expenses as follows:&lt;/font&gt;&lt;/p&gt;
&lt;table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2018&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2017&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2016&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; width: 1095px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Effect of a 1%-point increase in interest rates:&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 155px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 154px; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Changes in profit before tax&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-3.2&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-2.5&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;"
 size="2"&gt;-3.3&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Changes in equity&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;3.6&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;6.8&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;9.5&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;TORM's interest-bearing debt increased from year-end 2016 to year-end 2017 by USD 47m (2016: decrease of USD 95m; 2015: increase of USD 639m) to USD 719m (2016: USD 672m; 2015: USD 767m).&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;LIQUIDITY RISK&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;TORM's strategy is to ensure continuous access to funding sources by maintaining a robust capital structure and a close relationship with several financial partners. As of 31 December 2017, TORM's loan portfolio was spread across nine different banks.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;As of 31 December 2017, TORM maintains a liquidity reserve of USD 134m in cash, combined with USD 75m in undrawn revolving credit facilities. Cash is only placed in banks with a high credit rating.&lt;/font&gt;&lt;/p&gt;
&lt;div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;For further information on contractual obligations, including a maturity analysis, please refer to Note 18.&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;</trmd:DisclosureOfNatureAndExtentOfSignificantRisksExplanatoryTextBlock>
<ifrs-full:DeferredIncomeClassifiedAsCurrent contextRef="Context_As_Of_31_Dec_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">195000</ifrs-full:DeferredIncomeClassifiedAsCurrent>
<ifrs-full:DeferredIncomeClassifiedAsCurrent contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">143000</ifrs-full:DeferredIncomeClassifiedAsCurrent>
<trmd:ReversalOfImpairmentLossIfUpsideOfSensitivityAnalysisApplied contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">159000000</trmd:ReversalOfImpairmentLossIfUpsideOfSensitivityAnalysisApplied>
<ifrs-full:RecoverableAmountOfAssetOrCashgeneratingUnit contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">1672000000</ifrs-full:RecoverableAmountOfAssetOrCashgeneratingUnit>
<ifrs-full:AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">20000000</ifrs-full:AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount>
<ifrs-full:DisclosureOfFairValueMeasurementExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;NOTE 21 &amp;#8211; FINANCIAL INSTRUMENTS&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Categories of financial assets and liabilities (USDm):&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Quoted&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;prices&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;(level 1)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Observable&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;input&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;(level 2)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Unobservable&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;input&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;(level 3)&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Fair value&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;br /&gt;&lt;/font&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Amortized cost&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;Carrying value&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2017:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Loans and receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt;
 font-size: 10pt;"&gt;Freight receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align:
 bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;71.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;71.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Other receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;7.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;7.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;11.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Cash and cash equivalents&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;134.2&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;134.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;7.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;7.6&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid;
 background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;&amp;#160;&amp;#160;209.7&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;217.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Financial liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Mortgage debt and bank loans&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#178;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;720.9&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;720.9&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Finance lease liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Trade payables&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right;
 font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif;
 font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;26.2&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;26.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 14px;"&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Other liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;34.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;33.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-0.2&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;809.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;809.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;2016:&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align:
 bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif;
 font-size: 10pt;"&gt;Loans and receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Freight receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;62.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;62.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Other receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.3&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.8&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;8.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Cash and cash equivalents&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;76.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;76.0&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family:
 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;3.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;143.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;146.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Financial liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Mortgage debt and bank loans&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#178;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;669.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;669.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Finance lease liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;13.6&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;13.6&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Trade payables&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman',
 times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.5&lt;/div&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Other liabilities&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#185;&lt;/font&gt;&amp;#8318;&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;28.3&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;33.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;Total&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;-&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;4.8&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;740.0&lt;/div&gt;&lt;/td&gt;&lt;td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;744.8&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent:
 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style:
 initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#185;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;Due to the short maturity, the carrying value is considered to be an appropriate expression of the fair value.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1407px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"&gt;&amp;#178;&lt;font style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&amp;#8318;&lt;/font&gt;&amp;#160;See note 15.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;There have been no transfers between level 1 and 2.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;FAIR VALUE HIERARCHY FOR FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE IN THE BALANCE SHEET&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Below shows the fair value hierarchy for financial instruments measured at fair value in the balance sheet. The financial instruments in question are grouped into levels 1 to 3 based on the degree to which the fair value is observable.&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;" class="dspflisttable" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 18pt;"&gt;&lt;/td&gt;&lt;td style="width: 18pt; font-family: symbol, serif; font-size: 10pt; vertical-align: top;"&gt;&amp;#183;&lt;/td&gt;&lt;td style="text-align: left; width: auto; vertical-align: top;"&gt;&lt;div style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;" class="dspflisttable" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 18pt;"&gt;&lt;/td&gt;&lt;td style="width: 18pt; font-family: symbol, serif; font-size: 10pt; vertical-align: top;"&gt;&amp;#183;&lt;/td&gt;&lt;td style="text-align: left; width: auto; vertical-align: top;"&gt;&lt;div style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Level 2 fair value measurements are those derived from input other than quoted prices included within level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived from prices)&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div
 style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; margin-bottom: 6pt; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;" class="dspflisttable" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 18pt;"&gt;&lt;/td&gt;&lt;td style="width: 18pt; font-family: symbol, serif; font-size: 10pt; vertical-align: top;"&gt;&amp;#183;&lt;/td&gt;&lt;td
 style="text-align: left; width: auto; vertical-align: top;"&gt;&lt;div style="font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;Level 3 fair value measurements are those derived from valuation techniques that include input for the asset or liability that are not based on observable market data (unobservable input)&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;METHODS AND ASSUMPTIONS IN DETERMINING FAIR VALUE OF FINANCIAL INSTRUMENTS&lt;/div&gt;&lt;div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&amp;#160;&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;Derivative part of other receivables and other payables&lt;/div&gt;&lt;div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;The fair value of derivatives in other receivables and other payables is measured using accepted valuation methods with input variables such as yield curves, forward curves, spreads, etc. The valuation methods discount the future fixed and estimated cash flows and valuation of any option elements.&lt;/div&gt;</ifrs-full:DisclosureOfFairValueMeasurementExplanatory>
<ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">6100000</ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables>
<ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">18100000</ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables>
<ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">-12400000</ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables>
<ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">213955000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
<ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">171143000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
<ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">109845000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
<ifrs-full:DisclosureOfBusinessCombinationsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;NOTE 27 &amp;#8212; BUSINESS COMBINATIONS IN 2015&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;TORM A/S' Restructuring was completed on 13 July 2015 and included inter alia a contribution by OCM Njord Holdings S.&amp;#224;.r.l. ("Njord Luxco") of its 100% owned subsidiary Njord to TORM A/S in exchange for a controlling interest in TORM A/S.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;Following the implementation of the Restructuring, Njord Luxco, held 61.99% of the voting rights (excluding the voting rights attached to the C Share) in TORM A/S, and its subsidiaries, including Njord and Njord's subsidiaries (the "Combined Group"), and controlled the Combined Group in accordance with IFRS 10 "Consolidated financial statements", as it controlled the majority of the voting rights in the Combined Group. Accordingly, the contribution of Njord by Njord Luxco in exchange for a controlling interest in the Combined Group was accounted for as a reverse acquisition in accordance with IFRS 3, "Business Combinations", which means that for financial reporting purposes, Njord was considered the accounting acquirer and the continuing reporting entity.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;Consequently, the consolidated financial statements of TORM following the Restructuring were a continuation of the financial statements of Njord as the reporting continuing entity, despite TORM A/S being the legal acquirer and the continuing publicly listed company.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;Njord's purchase price for a controlling interest in TORM A/S is calculated as the fair value of the interest in Njord that the existing shareholders and warrant holders of TORM A/S would have received, had the business combination of TORM A/S and Njord not been a reverse acquisition. The value is based on the value agreed between TORM A/S, Njord Luxco and certain of TORM A/S' pre- Restructuring shareholders and lenders for the purposes of determining the ownership interest in TORM A/S obtained by Njord Luxco in exchange for the contribution of Njord.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;Goodwill that arose in the combination related to the benefit of expected synergies from combining operations of the acquiree and the acquirer. These benefits were not recognized separately from goodwill, because they did not meet the recognition criteria for identifiable intangible assets.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;The freight and other receivables acquired with a total fair value of USD 60.0m had a gross contractual amount of USD 61.9m. The best estimate at the acquisition date of the contractual cash flows not to expected to be collected is USD 1.9m.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;No acquisition-related costs were incurred.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;Since the acquisition date, revenue of USD 390.8m and profit for the period ended 31 December 2015 of USD 88.2m are included in the consolidated income statement in 2015.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;
 text-decoration-style: initial; text-decoration-color: initial;"&gt;&lt;font size="2"&gt;Had the business combination been effected as of 1 January 2015, the revenue of the combined Group would have been USD 854.3m and the profit for the year would have been USD 186.7m in 2015.&lt;/font&gt;&lt;/p&gt;
&lt;table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Assets acquired and liabilities assumed in the business combination at fair value&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; width: 1440px; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; width: 123px; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Tangible fixed assets&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;859.9&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Investment in joint ventures&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;0.3&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Bunkers&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;27.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Freight receivables&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;53.4&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Other receivables&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;6.6&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Prepayments&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;10.6&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;77.5&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Deferred tax liabilities&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;-45.1&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Mortgage debt and bank loans&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;-560.7&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Finance lease liabilities&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;-13.5&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Trade payables&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;-27.3&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Current tax liabilities&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;-1.4&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Other liabilities&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;-29.7&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Time charter contracts&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;-1.6&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Deferred income&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;-0.4&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Net assets acquired&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;356.4&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Goodwill&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;11.4&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Consideration (purchase price)&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;367.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Of which:&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Shares&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;349.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;Warrants&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;18.0&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"&gt;&lt;font size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"&gt;&lt;font size="2"&gt;367.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</ifrs-full:DisclosureOfBusinessCombinationsExplanatory>
<ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">-11900000</ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables>
<ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-5400000</ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables>
<ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-5">-4500000</ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables>
<ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">-158780000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
<ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">-119408000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
<ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">-113730000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
<ifrs-full:AdjustmentsForAmortisationExpense contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-5">-700000</ifrs-full:AdjustmentsForAmortisationExpense>
<ifrs-full:AdjustmentsForAmortisationExpense contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-5">-100000</ifrs-full:AdjustmentsForAmortisationExpense>
<ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">75027000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
<ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">-144022000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
<ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">62121000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
<trmd:ScheduleOfOtherCurrentReceivablesTableTextBlock contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;USDm&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2017&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2016&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Partners and commercial managements&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;-&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;0.5&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Derivative financial instruments&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;7.6&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.3&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Tax receivables&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;1.3&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;1.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Other&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;2.9&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;3.2&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="width: 1154px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"&gt;&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;Balance as of 31 December&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;&amp;#160;11.8&lt;/div&gt;&lt;/td&gt;&lt;td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"&gt;&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&amp;#160;8.1&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</trmd:ScheduleOfOtherCurrentReceivablesTableTextBlock>
<ifrs-full:DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%;" border="0" cellspacing="0"&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 92%; text-align: left; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="width: 8%; text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;USDm&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Tangible fixed assets&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;859.9&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Investment in joint ventures&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.3&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Bunkers&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;27.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Freight receivables&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;53.4&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Other receivables&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;6.6&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Prepayments&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;10.6&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;77.5&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Deferred tax liabilities&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-45.1&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Mortgage debt and bank loans&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-560.7&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Finance lease liabilities&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-13.5&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Trade payables&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-27.3&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Current tax liabilities&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-1.4&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Other liabilities&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-29.7&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Time charter contracts&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-1.6&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Deferred income&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-0.4&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Net assets acquired&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;356.4&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Goodwill&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;11.4&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Consideration (purchase price)&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;367.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Of which:&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Shares&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;349.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;"
 size="2"&gt;Warrants&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;18.0&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;/td&gt;
&lt;td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;367.8&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</ifrs-full:DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory>
<ifrs-full:EquityInterestsOfAcquirer contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">349800000</ifrs-full:EquityInterestsOfAcquirer>
<trmd:WarrantsOfAcquirer contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-6">18000000</trmd:WarrantsOfAcquirer>
<ifrs-full:AcquisitiondateFairValueOfTotalConsiderationTransferred contextRef="Context_As_Of_13_Jul_2015T00_00_00_TO_13_Jul_2015T00_00_00" unitRef="USD" decimals="-5">367800000</ifrs-full:AcquisitiondateFairValueOfTotalConsiderationTransferred>
<trmd:FloatingRateLoansDescriptionOfVariableRateBasis contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">3 or 6 months Libor</trmd:FloatingRateLoansDescriptionOfVariableRateBasis>
<trmd:LiquidityReserveMaintainedInCash contextRef="Context_As_Of_31_Dec_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-6">134000000</trmd:LiquidityReserveMaintainedInCash>
<trmd:AmountInConnectionWithWindDownOfBulkActivities contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_ClassesOfAssetsAxis_NoncurrentAssetsHeldForSaleMember" unitRef="USD" decimals="-6">18000000</trmd:AmountInConnectionWithWindDownOfBulkActivities>
<trmd:IncreaseDecreaseInInterestBearingDebt contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00_BorrowingsByNameAxis_InterestBearingDebtMember" unitRef="USD" decimals="-6">639000000</trmd:IncreaseDecreaseInInterestBearingDebt>
<trmd:IncreaseDecreaseInInterestBearingDebt contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00_BorrowingsByNameAxis_InterestBearingDebtMember" unitRef="USD" decimals="-6">-95000000</trmd:IncreaseDecreaseInInterestBearingDebt>
<trmd:IncreaseDecreaseInInterestBearingDebt contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00_BorrowingsByNameAxis_InterestBearingDebtMember" unitRef="USD" decimals="-6">47000000</trmd:IncreaseDecreaseInInterestBearingDebt>
<ifrs-full:DisclosureOfDividendsExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2017&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2016&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2015&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;DIVIDEND PER SHARE&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Dividend for the year (USDm)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;1.2&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;25.0&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr style="height: 16px;"&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Number of shares, end of period (million)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;62.3&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;62.3&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;63.8&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Dividend per share&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.02&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.40&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</ifrs-full:DisclosureOfDividendsExplanatory>
<ifrs-full:DisclosureOfEarningsPerShareExplanatory contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00">&lt;table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0"&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2017&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2016&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2015&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;EARNINGS PER SHARE&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Net profit/(loss) for the year (USDm)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2.4&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-142.5&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;126.0&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Million shares&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Average number of shares&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;62.3&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;63.1&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;51.7&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Average number of treasury shares&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-0.3&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-0.2&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;"
 size="2"&gt;-&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Average number of shares outstanding&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;62.0&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;62.9&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;51.7&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Dilutive effect of outstanding share options&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Average number of shares outstanding incl. dilutive effect of share options&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;62.0&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;62.9&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;51.7&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Basic earnings/(loss) per share (USD)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.04&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-2.3&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2.4&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div
 style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;Diluted earnings/(loss) per share (USD)&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;0.04&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;-2.3&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"&gt;
&lt;div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"&gt;&lt;font style="font-family: times new roman,times;" size="2"&gt;2.4&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;</ifrs-full:DisclosureOfEarningsPerShareExplanatory>
<trmd:IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares contextRef="Context_12ME_01-Jan-2015T00_00_00_TO_31-Dec-2015T00_00_00" unitRef="USD" decimals="-3">0</trmd:IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares>
<trmd:IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares contextRef="Context_FYE_01_Jan_2016T00_00_00_TO_31_Dec_2016T00_00_00" unitRef="USD" decimals="-3">0</trmd:IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares>
<trmd:IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares contextRef="Context_FYE_01_Jan_2017T00_00_00_TO_31_Dec_2017T00_00_00" unitRef="USD" decimals="-3">0</trmd:IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares>

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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-18" xlink:from="lab_Footnote-18_1"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-18" xlink:from="lab_Footnote-18_2"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-18" xlink:from="lab_Footnote-18_3"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-18" xlink:from="lab_Footnote-18_4"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-18" xlink:from="lab_Footnote-18_5"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-18" xlink:from="lab_Footnote-18_6"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-18" xlink:from="lab_Footnote-18_7"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-19" xlink:from="lab_Footnote-19_1"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-19" xlink:from="lab_Footnote-19_2"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-19" xlink:from="lab_Footnote-19_3"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-19" xlink:from="lab_Footnote-19_4"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-19" xlink:from="lab_Footnote-19_5"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-19" xlink:from="lab_Footnote-19_6"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-19" xlink:from="lab_Footnote-19_7"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-20" xlink:from="lab_Footnote-20_1"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-20" xlink:from="lab_Footnote-20_2"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-20" xlink:from="lab_Footnote-20_3"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-20" xlink:from="lab_Footnote-20_4"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-20" xlink:from="lab_Footnote-20_5"/>
<link:loc xlink:type="locator" xlink:href="#Footnote-20_6" xlink:label="lab_Footnote-20_6"/>
<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-20" xlink:from="lab_Footnote-20_6"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-20" xlink:from="lab_Footnote-20_7"/>
<link:loc xlink:type="locator" xlink:href="#Footnote-21_1" xlink:label="lab_Footnote-21_1"/>
<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-21" xlink:from="lab_Footnote-21_1"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-21" xlink:from="lab_Footnote-21_2"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-21" xlink:from="lab_Footnote-21_3"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-21" xlink:from="lab_Footnote-21_4"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-21" xlink:from="lab_Footnote-21_5"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-21" xlink:from="lab_Footnote-21_6"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-21" xlink:from="lab_Footnote-21_7"/>
<link:loc xlink:type="locator" xlink:href="#Footnote-22_1" xlink:label="lab_Footnote-22_1"/>
<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-22" xlink:from="lab_Footnote-22_1"/>
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<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-22" xlink:from="lab_Footnote-22_2"/>
<link:loc xlink:type="locator" xlink:href="#Footnote-22_3" xlink:label="lab_Footnote-22_3"/>
<link:footnoteArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" order="1.0" xlink:to="Footnote-22" xlink:from="lab_Footnote-22_3"/>
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<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-1">No income tax was incurred relating to other comprehensive income/(loss) items.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-2">Please refer to "Consolidated Statement of Comprehensive Income".</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-3">Please refer to note 13 for further information on treasury shares.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-4">The carrying value of the Group's mortgage debt and bank loans is, due to their short-term nature of fixing of interest, approximate to fair value, and excludes amortized bank fees.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-5">In connection with the Exchange Offer of 15 April 2016, the common shares were adjusted to reflect those of TORM plc. The adjustment with respect to the common shares reflects the change in currency of the shares changed from DKK to USD and the reduction in the nominal value of each share was reduced from DKK 15 each to USD 0.01 each.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-6">Relates to the squeeze-out of remaining minority shareholders in TORM A/S.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-7">Paid by legal entity as noted.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-8">The 2016 figures have been restated in order to include the figure for the annual bonus for 2016 as this was finalised and subsequently paid in 2017. No value was shown in the 2016 annual report. The total annual performance bonus of the Executive Director of TORM plc for 2016. arising in the period 1 January 2016 to 31 December 2016 was DKK 3.758.700 (USD 559t).</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-9">The 2015 figures represent amounts earned subsequent to the Restructuring on 13 July 2015.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-10">Former member of the Board of Directors of Njord. Left the Board of Directors due to the reverse acquisition on 13 July 2015.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-11">Former member of the Board of Directors of Former TORM A/S. Resigned on 25 August 2015.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-12">Took up position as Board Observer of TORM plc.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-13">Resigned as Board Observer as of 31 July 2017.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-14">LTIP award is fixed by the Board of Directors and was communicated via company announcement no. 2 of 18 January 2016. Therefore there is no minimum or maximum for 2017.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-15">Interest for financial assets and liabilities not at fair value through profit and loss.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-16">Effective interest rate includes deferred and amortized bank fees.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-17">The presented amounts to be repaid do not include directly related costs arising from the issuing of the loans of USD 4.8m (2016: USD 2.0m), which are amortized over the term of the loans. Borrowing costs capitalized during the year amount to USD 3.5m (2016: USD 1.3m).</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-18">Variable interest payments are estimated based on the forward rates for each interest period.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-19">As of 31 December 2017, TORM had ten contracted newbuildings (2016: four) to be delivered during 2018-2019.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-20">Leases have been entered into with a mutually non-cancellable lease period of up to eight years. Certain leases include a profit-sharing element implying that the actual charter hire may be higher. The average period until redelivery of the vessels is 0.5 years (2016: 0.9 years). The leasing expense for 2017 amounts to USD 8.5m (2016: USD 21.5m, 2015: USD 12.0m) and is recognized under "Charter hire".</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-21">Other operating leases primarily consist of contracts regarding office spaces, cars and apartments as well as IT-related contracts. The leasing expense for 2017 amounts to USD 2.3m (2016: USD 2.2m) and is recognized under "Administrative expenses".</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-22">Charter hire income for vessels on time charter and bareboat charter is recognized under "Revenue". The average period until redelivery of the vessels is 1.1 year (2016: 2.1 years).</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-23">Due to the short maturity, the carrying value is considered to be an appropriate expression of the fair value.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-24">See note 15.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-25">All subsidiaries are consolidated in full.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-26">Entities added in the financial year ended 31 December 2015.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-27">Entities dissolved in the financial year ended 31 December 2017.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-28">Entities dissolved in the financial year ended 31 December 2016.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-29">Entities dissolved in the financial year ended 31 December 2015.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-30">Entities added in the financial year ended 31 December 2017.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-31">Entities added in the financial year ended 31 December 2016.</link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xml:lang="en-US" xlink:label="Footnote-32">For all subsidiaries, ownership and voting rights are the same except for TORM SHIPPING (PHILS.) INC where voting rights are 100%.</link:footnote>
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<link:roleType roleURI="http://www.torm.com/role/ImpairmentTesting" id="ImpairmentTesting">
<link:definition>015 - Disclosure - IMPAIRMENT TESTING</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/FinancialItems" id="FinancialItems">
<link:definition>016 - Disclosure - FINANCIAL ITEMS</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/FreightReceivables" id="FreightReceivables">
<link:definition>017 - Disclosure - FREIGHT RECEIVABLES</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/OtherReceivables" id="OtherReceivables">
<link:definition>018 - Disclosure - OTHER RECEIVABLES</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/Tax" id="Tax">
<link:definition>019 - Disclosure - TAX</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/CommonSharesTreasuryShares" id="CommonSharesTreasuryShares">
<link:definition>020 - Disclosure - COMMON SHARES &amp; TREASURY SHARES</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/OtherLiabilities" id="OtherLiabilities">
<link:definition>021 - Disclosure - OTHER LIABILITIES</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/EffectiveInterestRateOutstandingMortgageDebtAndBankLoans" id="EffectiveInterestRateOutstandingMortgageDebtAndBankLoans">
<link:definition>022 - Disclosure - EFFECTIVE INTEREST RATE, OUTSTANDING MORTGAGE DEBT AND BANK LOANS</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/CollateralSecurityForMortgageDebtAndBankLoans" id="CollateralSecurityForMortgageDebtAndBankLoans">
<link:definition>023 - Disclosure - COLLATERAL SECURITY FOR MORTGAGE DEBT AND BANK LOANS</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/GuaranteeCommitmentsAndContingentLiabilities" id="GuaranteeCommitmentsAndContingentLiabilities">
<link:definition>024 - Disclosure - GUARANTEE COMMITMENTS AND CONTINGENT LIABILITIES</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/ContractualObligations" id="ContractualObligations">
<link:definition>025 - Disclosure - CONTRACTUAL OBLIGATIONS</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/DerivativeFinancialInstruments" id="DerivativeFinancialInstruments">
<link:definition>026 - Disclosure - DERIVATIVE FINANCIAL INSTRUMENTS</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/RisksAssociatedWithTormsActivities" id="RisksAssociatedWithTormsActivities">
<link:definition>027 - Disclosure - RISKS ASSOCIATED WITH TORM'S ACTIVITIES</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/FinancialInstruments" id="FinancialInstruments">
<link:definition>028 - Disclosure - FINANCIAL INSTRUMENTS</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/RelatedPartyTransactions" id="RelatedPartyTransactions">
<link:definition>029 - Disclosure - RELATED PARTY TRANSACTIONS</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/NonCurrentAssetsSoldDuringYear" id="NonCurrentAssetsSoldDuringYear">
<link:definition>030 - Disclosure - NON-CURRENT ASSETS SOLD DURING THE YEAR</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/CashFlows" id="CashFlows">
<link:definition>031 - Disclosure - CASH FLOWS</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/EntitiesInGroup" id="EntitiesInGroup">
<link:definition>032 - Disclosure - ENTITIES IN THE GROUP</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/EarningsPerShareDividendPerShare" id="EarningsPerShareDividendPerShare">
<link:definition>033 - Disclosure - EARNINGS PER SHARE &amp; DIVIDEND PER SHARE</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/BusinessCombinationsIn2015" id="BusinessCombinationsIn2015">
<link:definition>034 - Disclosure - BUSINESS COMBINATIONS IN 2015</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/AccountingPoliciesCriticalAccountingEstimatesAndJudgementsPolicies" id="AccountingPoliciesCriticalAccountingEstimatesAndJudgementsPolicies">
<link:definition>035 - Disclosure - ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS (Policies)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/CONSOLIDATEDSEGMENTINFORMATIONTables" id="CONSOLIDATEDSEGMENTINFORMATIONTables">
<link:definition>036 - Disclosure - CONSOLIDATED SEGMENT INFORMATION (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/StaffCostsTable" id="StaffCostsTable">
<link:definition>037 - Disclosure - STAFF COSTS (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/RemunerationToAuditorsAppointedAtParentCompanysAnnualGeneralMeetingTable" id="RemunerationToAuditorsAppointedAtParentCompanysAnnualGeneralMeetingTable">
<link:definition>038 - Disclosure - REMUNERATION TO AUDITORS APPOINTED AT THE PARENT COMPANY'S ANNUAL GENERAL MEETING (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/IntangibleAssetsTable" id="IntangibleAssetsTable">
<link:definition>039 - Disclosure - INTANGIBLE ASSETS (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/TangibleFixedAssetsTable" id="TangibleFixedAssetsTable">
<link:definition>040 - Disclosure - TANGIBLE FIXED ASSETS (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/FinancialItemsTable" id="FinancialItemsTable">
<link:definition>041 - Disclosure - FINANCIAL ITEMS (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/FreightReceivablesTable" id="FreightReceivablesTable">
<link:definition>042 - Disclosure - FREIGHT RECEIVABLES (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/OtherReceivablesTable" id="OtherReceivablesTable">
<link:definition>043 - Disclosure - OTHER RECEIVABLES (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/TaxTable" id="TaxTable">
<link:definition>044 - Disclosure - TAX (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/CommonSharesTreasurySharesTable" id="CommonSharesTreasurySharesTable">
<link:definition>045 - Disclosure - COMMON SHARES &amp; TREASURY SHARES (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/OtherLiabilitiesTable" id="OtherLiabilitiesTable">
<link:definition>046 - Disclosure - OTHER LIABILITIES (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/EffectiveInterestRateOutstandingMortgageDebtAndBankLoansTable" id="EffectiveInterestRateOutstandingMortgageDebtAndBankLoansTable">
<link:definition>047 - Disclosure - EFFECTIVE INTEREST RATE, OUTSTANDING MORTGAGE DEBT AND BANK LOANS (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/ContractualObligationsTable" id="ContractualObligationsTable">
<link:definition>048 - Disclosure - CONTRACTUAL OBLIGATIONS (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/DerivativeFinancialInstrumentsTable" id="DerivativeFinancialInstrumentsTable">
<link:definition>049 - Disclosure - DERIVATIVE FINANCIAL INSTRUMENTS (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/RisksAssociatedWithTormsActivitiesTable" id="RisksAssociatedWithTormsActivitiesTable">
<link:definition>050 - Disclosure - RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/FinancialInstrumentsTable" id="FinancialInstrumentsTable">
<link:definition>051 - Disclosure - FINANCIAL INSTRUMENTS (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/CashFlowsTable" id="CashFlowsTable">
<link:definition>052 - Disclosure - CASH FLOWS (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/EntitiesInGroupTable" id="EntitiesInGroupTable">
<link:definition>053 - Disclosure - ENTITIES IN THE GROUP (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/EARNINGSPERSHAREDIVIDENDPERSHARETables" id="EARNINGSPERSHAREDIVIDENDPERSHARETables">
<link:definition>054 - Disclosure - EARNINGS PER SHARE &amp; DIVIDEND PER SHARE (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/BusinessCombinationsIn2015Table" id="BusinessCombinationsIn2015Table">
<link:definition>055 - Disclosure - BUSINESS COMBINATIONS IN 2015 (Tables)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/ACCOUNTINGPOLICIESCRITICALACCOUNTINGESTIMATESANDJUDGEMENTSDetailsTextual" id="ACCOUNTINGPOLICIESCRITICALACCOUNTINGESTIMATESANDJUDGEMENTSDetailsTextual">
<link:definition>056 - Disclosure - ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS (Details Textual)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/ACCOUNTINGPOLICIESCRITICALACCOUNTINGESTIMATESANDJUDGEMENTSDetailsTextual2" id="ACCOUNTINGPOLICIESCRITICALACCOUNTINGESTIMATESANDJUDGEMENTSDetailsTextual2">
<link:definition>058 - Disclosure - ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS (Details Textual 2)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/ACCOUNTINGPOLICIESCRITICALACCOUNTINGESTIMATESANDJUDGEMENTSDetailsTextual3" id="ACCOUNTINGPOLICIESCRITICALACCOUNTINGESTIMATESANDJUDGEMENTSDetailsTextual3">
<link:definition>059 - Disclosure - ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS (Details Textual 3)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/LiquidityCapitalResourcesAndSubsequentEventsDetailsTextuals" id="LiquidityCapitalResourcesAndSubsequentEventsDetailsTextuals">
<link:definition>060 - Disclosure - LIQUIDITY, CAPITAL RESOURCES AND SUBSEQUENT EVENTS (Details textuals)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/LiquidityCapitalResourcesAndSubsequentEventsDetailsTextuals1" id="LiquidityCapitalResourcesAndSubsequentEventsDetailsTextuals1">
<link:definition>061 - Disclosure - LIQUIDITY, CAPITAL RESOURCES AND SUBSEQUENT EVENTS (Details textuals 1)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/ConsolidatedSegmentInformationDetails" id="ConsolidatedSegmentInformationDetails">
<link:definition>062 - Disclosure - CONSOLIDATED SEGMENT INFORMATION (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/ConsolidatedSegmentInformationDetailsTextuals" id="ConsolidatedSegmentInformationDetailsTextuals">
<link:definition>063 - Disclosure - CONSOLIDATED SEGMENT INFORMATION (Details textuals)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/StaffCostsDetails" id="StaffCostsDetails">
<link:definition>064 - Disclosure - STAFF COSTS (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/StaffCostsDetails1" id="StaffCostsDetails1">
<link:definition>065 - Disclosure - STAFF COSTS (Details 1)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/StaffCostsDetails2" id="StaffCostsDetails2">
<link:definition>066 - Disclosure - STAFF COSTS (Details 2)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/StaffCostsParentheticalsDetails2" id="StaffCostsParentheticalsDetails2">
<link:definition>067 - Disclosure - STAFF COSTS - Parentheticals (Details 2)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/StaffCostsDetails3" id="StaffCostsDetails3">
<link:definition>068 - Disclosure - STAFF COSTS (Details 3)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/StaffCostsParentheticalsDetails3" id="StaffCostsParentheticalsDetails3">
<link:definition>069 - Disclosure - STAFF COSTS - Parentheticals (Details 3)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/StaffCostsDetails4" id="StaffCostsDetails4">
<link:definition>070 - Disclosure - STAFF COSTS (Details 4)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/StaffCostsDetailTextuals" id="StaffCostsDetailTextuals">
<link:definition>071 - Disclosure - STAFF COSTS (Detail Textuals)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/StaffCostsDetailTextuals1" id="StaffCostsDetailTextuals1">
<link:definition>072 - Disclosure - STAFF COSTS (Detail Textuals 1)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/RemunerationToAuditorsAppointedAtParentCompanysAnnualGeneralMeetingDetails" id="RemunerationToAuditorsAppointedAtParentCompanysAnnualGeneralMeetingDetails">
<link:definition>073 - Disclosure - REMUNERATION TO AUDITORS APPOINTED AT THE PARENT COMPANY'S ANNUAL GENERAL MEETING (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/RemunerationToAuditorsAppointedAtParentCompanysAnnualGeneralMeetingDetailTextuals" id="RemunerationToAuditorsAppointedAtParentCompanysAnnualGeneralMeetingDetailTextuals">
<link:definition>074 - Disclosure - REMUNERATION TO AUDITORS APPOINTED AT THE PARENT COMPANY'S ANNUAL GENERAL MEETING (Detail Textuals)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/INTANGIBLEASSETSDetails" id="INTANGIBLEASSETSDetails">
<link:definition>075 - Disclosure - INTANGIBLE ASSETS (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/TANGIBLEFIXEDASSETSDetails" id="TANGIBLEFIXEDASSETSDetails">
<link:definition>076 - Disclosure - TANGIBLE FIXED ASSETS (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/TangibleFixedAssetsDetailTextuals" id="TangibleFixedAssetsDetailTextuals">
<link:definition>077 - Disclosure - TANGIBLE FIXED ASSETS (Detail Textuals)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/ImpairmentTestingDetailsTextuals" id="ImpairmentTestingDetailsTextuals">
<link:definition>078 - Disclosure - IMPAIRMENT TESTING (Details textuals)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/ImpairmentTestingDetailsTextuals1" id="ImpairmentTestingDetailsTextuals1">
<link:definition>079 - Disclosure - IMPAIRMENT TESTING (Details textuals 1)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/ImpairmentTestingDetailsTextuals2" id="ImpairmentTestingDetailsTextuals2">
<link:definition>080 - Disclosure - IMPAIRMENT TESTING (Details textuals 2)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/FinancialItemsDetails" id="FinancialItemsDetails">
<link:definition>081 - Disclosure - FINANCIAL ITEMS (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/FREIGHTRECEIVABLESDetails" id="FREIGHTRECEIVABLESDetails">
<link:definition>082 - Disclosure - FREIGHT RECEIVABLES (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/FREIGHTRECEIVABLESDetails1" id="FREIGHTRECEIVABLESDetails1">
<link:definition>083 - Disclosure - FREIGHT RECEIVABLES (Details 1)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/FreightReceivablesDetailTextual" id="FreightReceivablesDetailTextual">
<link:definition>084 - Disclosure - FREIGHT RECEIVABLES (Detail Textual)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/OtherReceivablesDetails" id="OtherReceivablesDetails">
<link:definition>085 - Disclosure - OTHER RECEIVABLES (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/TaxDetails" id="TaxDetails">
<link:definition>086 - Disclosure - TAX (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/TaxDetails1" id="TaxDetails1">
<link:definition>087 - Disclosure - TAX (Details 1)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/TaxDetailsTextuals" id="TaxDetailsTextuals">
<link:definition>088 - Disclosure - TAX (Details textuals)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/COMMONSHARESTREASURYSHARESDetails" id="COMMONSHARESTREASURYSHARESDetails">
<link:definition>089 - Disclosure - COMMON SHARES &amp; TREASURY SHARES (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/Commonsharestreasurysharesdetails1" id="Commonsharestreasurysharesdetails1">
<link:definition>090 - Disclosure - COMMON SHARES &amp; TREASURY SHARES (Details 1)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/CommonSharesTreasurySharesDetailTextuals" id="CommonSharesTreasurySharesDetailTextuals">
<link:definition>091 - Disclosure - COMMON SHARES &amp; TREASURY SHARES (Detail Textuals)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/OtherLiabilitiesDetails" id="OtherLiabilitiesDetails">
<link:definition>092 - Disclosure - OTHER LIABILITIES (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/EffectiveInterestRateOutstandingMortgageDebtAndBankLoansDetails" id="EffectiveInterestRateOutstandingMortgageDebtAndBankLoansDetails">
<link:definition>093 - Disclosure - EFFECTIVE INTEREST RATE, OUTSTANDING MORTGAGE DEBT AND BANK LOANS (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/EffectiveInterestRateOutstandingMortgageDebtAndBankLoansDetailTextuals" id="EffectiveInterestRateOutstandingMortgageDebtAndBankLoansDetailTextuals">
<link:definition>094 - Disclosure - EFFECTIVE INTEREST RATE, OUTSTANDING MORTGAGE DEBT AND BANK LOANS (Detail Textuals)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/CollateralSecurityForMortgageDebtAndBankLoansDetailTextual" id="CollateralSecurityForMortgageDebtAndBankLoansDetailTextual">
<link:definition>095 - Disclosure - COLLATERAL SECURITY FOR MORTGAGE DEBT AND BANK LOANS (Detail Textual)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/GuaranteeCommitmentsAndContingentLiabilitiesDetailTextuals" id="GuaranteeCommitmentsAndContingentLiabilitiesDetailTextuals">
<link:definition>096 - Disclosure - GUARANTEE COMMITMENTS AND CONTINGENT LIABILITIES (Detail Textuals)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/CONTRACTUALOBLIGATIONSDetails" id="CONTRACTUALOBLIGATIONSDetails">
<link:definition>097 - Disclosure - CONTRACTUAL OBLIGATIONS (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/Contractualobligationsdetails1" id="Contractualobligationsdetails1">
<link:definition>098 - Disclosure - CONTRACTUAL OBLIGATIONS (Details 1)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/Contractualobligationsdetails2" id="Contractualobligationsdetails2">
<link:definition>099 - Disclosure - CONTRACTUAL OBLIGATIONS (Details 2)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/ContractualObligationsDetailTextuals" id="ContractualObligationsDetailTextuals">
<link:definition>100 - Disclosure - CONTRACTUAL OBLIGATIONS (Detail Textuals)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/DERIVATIVEFINANCIALINSTRUMENTSDetails" id="DERIVATIVEFINANCIALINSTRUMENTSDetails">
<link:definition>101 - Disclosure - DERIVATIVE FINANCIAL INSTRUMENTS (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/DERIVATIVEFINANCIALINSTRUMENTSDetails1" id="DERIVATIVEFINANCIALINSTRUMENTSDetails1">
<link:definition>102 - Disclosure - DERIVATIVE FINANCIAL INSTRUMENTS (Details 1)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/DERIVATIVEFINANCIALINSTRUMENTSDetails2" id="DERIVATIVEFINANCIALINSTRUMENTSDetails2">
<link:definition>103 - Disclosure - DERIVATIVE FINANCIAL INSTRUMENTS (Details 2)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/DerivativeFinancialInstrumentsDetailsTextuals" id="DerivativeFinancialInstrumentsDetailsTextuals">
<link:definition>104 - Disclosure - DERIVATIVE FINANCIAL INSTRUMENTS (Details Textuals)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/RISKSASSOCIATEDWITHTORMSACTIVITIESDetails" id="RISKSASSOCIATEDWITHTORMSACTIVITIESDetails">
<link:definition>105 - Disclosure - RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/RISKSASSOCIATEDWITHTORMSACTIVITIESDetails1" id="RISKSASSOCIATEDWITHTORMSACTIVITIESDetails1">
<link:definition>106 - Disclosure - RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Details 1)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/RISKSASSOCIATEDWITHTORMSACTIVITIESDetails2" id="RISKSASSOCIATEDWITHTORMSACTIVITIESDetails2">
<link:definition>107 - Disclosure - RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Details 2)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/RISKSASSOCIATEDWITHTORMSACTIVITIESDetails3" id="RISKSASSOCIATEDWITHTORMSACTIVITIESDetails3">
<link:definition>108 - Disclosure - RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Details 3)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/RisksAssociatedWithTormsActivitiesDetailTextual" id="RisksAssociatedWithTormsActivitiesDetailTextual">
<link:definition>109 - Disclosure - RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Detail Textual)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/RisksAssociatedWithTormsActivitiesDetailTextual1" id="RisksAssociatedWithTormsActivitiesDetailTextual1">
<link:definition>110 - Disclosure - RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Detail Textual 1)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/FINANCIALINSTRUMENTSDetails" id="FINANCIALINSTRUMENTSDetails">
<link:definition>111 - Disclosure - FINANCIAL INSTRUMENTS (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/RelatedPartyTransactionsDetailTextual" id="RelatedPartyTransactionsDetailTextual">
<link:definition>112 - Disclosure - RELATED PARTY TRANSACTIONS (Detail Textual)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/NONCURRENTASSETSSOLDDURINGTHEYEARDetails" id="NONCURRENTASSETSSOLDDURINGTHEYEARDetails">
<link:definition>113 - Disclosure - NON-CURRENT ASSETS SOLD DURING THE YEAR (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/CASHFLOWSDetails" id="CASHFLOWSDetails">
<link:definition>114 - Disclosure - CASH FLOWS (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/ENTITIESINTHEGROUPDetails" id="ENTITIESINTHEGROUPDetails">
<link:definition>115 - Disclosure - ENTITIES IN THE GROUP (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/EntitiesInGroupDetails1" id="EntitiesInGroupDetails1">
<link:definition>116 - Disclosure - ENTITIES IN THE GROUP (Details 1)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/EntitiesInGroupDetailTextuals" id="EntitiesInGroupDetailTextuals">
<link:definition>117 - Disclosure - ENTITIES IN THE GROUP (Detail Textuals)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/EarningsPerShareDividendPerShareDetails" id="EarningsPerShareDividendPerShareDetails">
<link:definition>118 - Disclosure - EARNINGS PER SHARE &amp; DIVIDEND PER SHARE (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/EarningsPerShareDividendPerShareDetails1" id="EarningsPerShareDividendPerShareDetails1">
<link:definition>119 - Disclosure - EARNINGS PER SHARE &amp; DIVIDEND PER SHARE (Details 1)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/BusinessCombinationsIn2015Details" id="BusinessCombinationsIn2015Details">
<link:definition>120 - Disclosure - BUSINESS COMBINATIONS IN 2015 (Details)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:roleType roleURI="http://www.torm.com/role/BusinessCombinationsIn2015DetailTextuals" id="BusinessCombinationsIn2015DetailTextuals">
<link:definition>121 - Disclosure - BUSINESS COMBINATIONS IN 2015 (Detail Textuals)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
<link:linkbaseRef xlink:type="simple" xlink:href="trmd-20171231_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"/>
<link:linkbaseRef xlink:type="simple" xlink:href="trmd-20171231_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"/>
<link:linkbaseRef xlink:type="simple" xlink:href="trmd-20171231_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"/>
<link:linkbaseRef xlink:type="simple" xlink:href="trmd-20171231_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"/>
<link:roleType roleURI="http://www.torm.com/role/ACCOUNTINGPOLICIESCRITICALACCOUNTINGESTIMATESANDJUDGEMENTSDetailsTextual1" id="ACCOUNTINGPOLICIESCRITICALACCOUNTINGESTIMATESANDJUDGEMENTSDetailsTextual1"><link:definition>057 - Disclosure - ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS (Details Textual 1)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
</link:roleType>
</appinfo></annotation>
<import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
<import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
<import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd"/>
<import namespace="http://fasb.org/us-gaap/2017-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd"/>
<import namespace="http://xbrl.sec.gov/invest/2013-01-31" schemaLocation="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd"/>
<import namespace="http://xbrl.sec.gov/country/2017-01-31" schemaLocation="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd"/>
<import namespace="http://xbrl.sec.gov/currency/2017-01-31" schemaLocation="http://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd"/>
<import namespace="http://xbrl.sec.gov/exch/2017-01-31" schemaLocation="http://xbrl.sec.gov/exch/2017/exch-2017-01-31.xsd"/>
<import namespace="http://xbrl.sec.gov/naics/2017-01-31" schemaLocation="http://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd"/>
<import namespace="http://xbrl.sec.gov/sic/2011-01-31" schemaLocation="http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd"/>
<import namespace="http://xbrl.sec.gov/stpr/2011-01-31" schemaLocation="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd"/>
<import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd"/>
<import namespace="http://www.xbrl.org/2009/role/net" schemaLocation="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd"/>
<import namespace="http://www.xbrl.org/2009/arcrole/fact-explanatoryFact" schemaLocation="http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd"/>
<import namespace="http://xbrl.sec.gov/dei/2014-01-31" schemaLocation="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd"/>
<import namespace="http://www.xbrl.org/dtr/type/numeric" schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd"/>
<import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd"/>
<import namespace="http://fasb.org/us-types/2017-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2017/elts/us-types-2017-01-31.xsd"/>
<import namespace="http://xbrl.ifrs.org/taxonomy/2017-03-09/ifrs-full" schemaLocation="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd"/>
<element name="DocumentAndEntityInformationAbstract" id="trmd_DocumentAndEntityInformationAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PortExpensesBunkersAndCommissions" id="trmd_PortExpensesBunkersAndCommissions" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="VesselsAndCapitalizedDrydock" id="trmd_VesselsAndCapitalizedDrydock" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ChangesInStockHoldersEquityRollForward" id="trmd_ChangesInStockHoldersEquityRollForward" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="EquityBeforeReorganization" id="trmd_EquityBeforeReorganization" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="EffectOfReorganizationOnEquity" id="trmd_EffectOfReorganizationOnEquity" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AcquisitionOfNonControllingInterest" id="trmd_AcquisitionOfNonControllingInterest" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OtherAdjustmentsForNon-CashItems" id="trmd_OtherAdjustmentsForNon-CashItems" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ProceedsFromSaleAndLeasebackTransactions" id="trmd_ProceedsFromSaleAndLeasebackTransactions" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="Acquisitionofnoncontrollinginterestofsubsidiary" id="trmd_Acquisitionofnoncontrollinginterestofsubsidiary" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PurchaseOrIssueOFtreasuryShares" id="trmd_PurchaseOrIssueOFtreasuryShares" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfAccountingPoliciesCriticalAccountingEstimatesAndJudgementsAbstract" id="trmd_DisclosureOfAccountingPoliciesCriticalAccountingEstimatesAndJudgementsAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateAbstract" id="trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateTextBlock" id="trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfEmployeeBenefitsAbstract" id="trmd_DisclosureOfEmployeeBenefitsAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureForAuditorRemunerationTextBlock" id="trmd_DisclosureForAuditorRemunerationTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="FinancialItemsAbstract" id="trmd_FinancialItemsAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="FreightReceivablesAbstract" id="trmd_FreightReceivablesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfIncomeTaxAbstract" id="trmd_DisclosureOfIncomeTaxAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfOtherLiabilitiesAbstract" id="trmd_DisclosureOfOtherLiabilitiesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansAbstract" id="trmd_DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansExplanatoryTextBlock" id="trmd_DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansExplanatoryTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfCollateralAbstract" id="trmd_DisclosureOfCollateralAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfCommitmentsAndContingentLiabilitiesAbstract" id="trmd_DisclosureOfCommitmentsAndContingentLiabilitiesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfContractualCommitmentsAbstract" id="trmd_DisclosureOfContractualCommitmentsAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureofderivativefinancialinstrumentsexplanatoryAbstract" id="trmd_DisclosureofderivativefinancialinstrumentsexplanatoryAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfRisksAssociatedWithEntitiesActivitiesAbstract" id="trmd_DisclosureOfRisksAssociatedWithEntitiesActivitiesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfNatureAndExtentOfSignificantRisksExplanatoryTextBlock" id="trmd_DisclosureOfNatureAndExtentOfSignificantRisksExplanatoryTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesAbstract" id="trmd_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfNoncurrentAssetsSoldDuringYearAbstract" id="trmd_DisclosureOfNoncurrentAssetsSoldDuringYearAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfCashFlowStatementAbstract" id="trmd_DisclosureOfCashFlowStatementAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfEarningsPerShareAndDividendPerShareAbstract" id="trmd_DisclosureOfEarningsPerShareAndDividendPerShareAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfEarningsPerShareAndDividendPerShareTextBlock" id="trmd_DisclosureOfEarningsPerShareAndDividendPerShareTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DescriptionOfAccountingPolicyForPrinciplesOfConsolidationExplanatoryPolicyTextBlock" id="trmd_DescriptionOfAccountingPolicyForPrinciplesOfConsolidationExplanatoryPolicyTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DescriptionOfAccountingPolicyForPensionPlanExplanatoryPolicyTextBlock" id="trmd_DescriptionOfAccountingPolicyForPensionPlanExplanatoryPolicyTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DescriptionOfAccountingPolicyForDepreciationAndImpairmentLossExplanatory" id="trmd_DescriptionOfAccountingPolicyForDepreciationAndImpairmentLossExplanatory" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DescriptionOfAccountingPolicyForProvisionForBadDebtExplanatoryPolicyTextBlock" id="trmd_DescriptionOfAccountingPolicyForProvisionForBadDebtExplanatoryPolicyTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatoryPolicyTextBlock" id="trmd_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatoryPolicyTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfOperatingSegmentsTableTextBlock" id="trmd_DisclosureOfOperatingSegmentsTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfStaffCostAbstract" id="trmd_DisclosureOfStaffCostAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfStaffCostsAndAverageNumberOfEmployeesTableTextBlock" id="trmd_ScheduleOfStaffCostsAndAverageNumberOfEmployeesTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfTerminationBenefitsByTitleOfIndividualTableTextBlock" id="trmd_ScheduleOfTerminationBenefitsByTitleOfIndividualTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfKeyManagementPersonnelCompensationTableTextBlock" id="trmd_ScheduleOfKeyManagementPersonnelCompensationTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfReconciliationNumberOfOtherEquityAInstrumentsTableTextBlock" id="trmd_ScheduleOfReconciliationNumberOfOtherEquityAInstrumentsTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfAuditorRemunerationTableTextBlock" id="trmd_ScheduleOfAuditorRemunerationTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfTangibleFixedAssetsTableTextBlock" id="trmd_ScheduleOfTangibleFixedAssetsTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfFinanceIncomeCostsTableTextBlock" id="trmd_ScheduleOfFinanceIncomeCostsTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfMovmentInProvisionsForImpairmentOfFreightReceivablesTableTextBlock" id="trmd_ScheduleOfMovmentInProvisionsForImpairmentOfFreightReceivablesTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfOtherCurrentReceivablesTableTextBlock" id="trmd_ScheduleOfOtherCurrentReceivablesTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfIncomeTaxTableTextBlock" id="trmd_ScheduleOfIncomeTaxTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfTreasuryShareTransactionsTableTextBlock" id="trmd_ScheduleOfTreasuryShareTransactionsTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfOtherLiabilitiesExplanatoryTableTextBlock" id="trmd_ScheduleOfOtherLiabilitiesExplanatoryTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansTableTextBlock" id="trmd_ScheduleOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfContractualObligationsByMaturitiesTableTextBlock" id="trmd_ScheduleOfContractualObligationsByMaturitiesTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfDerivativeFinancialInstrumentsTableTextBlock" id="trmd_DisclosureOfDerivativeFinancialInstrumentsTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfRealizedAmountsAndFairValueAdjustmentsForDerivativeFinancialInstrumentsTextBlock" id="trmd_DisclosureOfRealizedAmountsAndFairValueAdjustmentsForDerivativeFinancialInstrumentsTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisForChangesInFreighTratesTableTextBlock" id="trmd_SensitivityAnalysisForChangesInFreighTratesTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfSensitivityAnalysisImpactOf10PercentPerTonIncreaseInBunkerPricesTableTextBlock" id="trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentPerTonIncreaseInBunkerPricesTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfSensitivityAnalysisImpactOf10PercentChangeInExchangeRateTableTextBlock" id="trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentChangeInExchangeRateTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfSensitivityAnalysisImpactOf1PercentPointIncreaseInInterestRateTableTextBlock" id="trmd_ScheduleOfSensitivityAnalysisImpactOf1PercentPointIncreaseInInterestRateTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfFaiRvalueMeasurementOfAssetsAndLiabilitiesTableTextBlock" id="trmd_DisclosureOfFaiRvalueMeasurementOfAssetsAndLiabilitiesTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfCashFlowStatementTableTextBlock" id="trmd_DisclosureOfCashFlowStatementTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduleOfRegisteredAddressesTableTextBlock" id="trmd_ScheduleOfRegisteredAddressesTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfBusinessOverviewTable" id="trmd_DisclosureOfBusinessOverviewTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
<element name="TormAsMember" id="trmd_TormAsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfBusinessOverviewLineItems" id="trmd_DisclosureOfBusinessOverviewLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfSharesExchanged" id="trmd_PercentageOfSharesExchanged" type="num:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfNonControllingInterestSharesAcquired" id="trmd_PercentageOfNonControllingInterestSharesAcquired" type="num:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
<element name="RatioOfWarrantsExchanged" id="trmd_RatioOfWarrantsExchanged" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfAccountingPolicyTable" id="trmd_DisclosureOfAccountingPolicyTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
<element name="DisclosureOFaccountingPolicyLineItems" id="trmd_DisclosureOFaccountingPolicyLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="LoanToValueRatio" id="trmd_LoanToValueRatio" type="num:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfBusinessSegments" id="trmd_NumberOfBusinessSegments" type="xbrli:integerItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfGeographicalSegments" id="trmd_NumberOfGeographicalSegments" type="xbrli:integerItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfDemurrageClaimRecognizedAsRevenue" id="trmd_PercentageOfDemurrageClaimRecognizedAsRevenue" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AveragePeriodOfReceivingDemurragePayment" id="trmd_AveragePeriodOfReceivingDemurragePayment" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfCashGeneratingUnit" id="trmd_NumberOfCashGeneratingUnit" type="xbrli:integerItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MinimumPercentageOfDifferenceToRecognizeNewFinancialLiability" id="trmd_MinimumPercentageOfDifferenceToRecognizeNewFinancialLiability" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DryDockingPeriodPropertyPlantAndEquipmentPeriod" id="trmd_DryDockingPeriodPropertyPlantAndEquipmentPeriod" type="xbrli:stringItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="LiquidityAndCapitalResourcesTable" id="trmd_LiquidityAndCapitalResourcesTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
<element name="WorkingCapitalFacilityMember" id="trmd_WorkingCapitalFacilityMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TermFacilityIMember" id="trmd_TermFacilityIMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TermFacilityIIMember" id="trmd_TermFacilityIIMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="BilateralBorrowingFacilityMember" id="trmd_BilateralBorrowingFacilityMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="BilateralLoanAgreementsMember" id="trmd_BilateralLoanAgreementsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ChinaExportImportBankMember" id="trmd_ChinaExportImportBankMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DanishShipFinanceMember" id="trmd_DanishShipFinanceMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="IngMember" id="trmd_IngMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="LiquidityAndCapitalResourcesLineItems" id="trmd_LiquidityAndCapitalResourcesLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NewBuildingsOnOrderForDelivery" id="trmd_NewBuildingsOnOrderForDelivery" type="xbrli:integerItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ScheduledMinimumPaymentsOnMortgageBorrowingsAndBankBorrowingsInNextFiscalYear" id="trmd_ScheduledMinimumPaymentsOnMortgageBorrowingsAndBankBorrowingsInNextFiscalYear" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="CommonClassASharesMember" id="trmd_CommonClassASharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="CommonClassBSharesMember" id="trmd_CommonClassBSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="CommonClassCSharesMember" id="trmd_CommonClassCSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MaximumFinancingOfSecuredCommitmentForAttractiveVessel" id="trmd_MaximumFinancingOfSecuredCommitmentForAttractiveVessel" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ProceedsFromPrivatePlacement" id="trmd_ProceedsFromPrivatePlacement" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfSharesIssuedInPrivatePlacement" id="trmd_NumberOfSharesIssuedInPrivatePlacement" type="xbrli:sharesItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NominalValueOfSharesIssued" id="trmd_NominalValueOfSharesIssued" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ProfitFromSaleOfVessels" id="trmd_ProfitFromSaleOfVessels" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TankerSegmentMember" id="trmd_TankerSegmentMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="BulkSegmentMember" id="trmd_BulkSegmentMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="CharterHireExpense" id="trmd_CharterHireExpense" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfEmployeeBenefitsTable" id="trmd_DisclosureOfEmployeeBenefitsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
<element name="ProfitOrLossLocationAxis" id="trmd_ProfitOrLossLocationAxis" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:dimensionItem"/>
<element name="ProfitOrLossLocationDomain" id="trmd_ProfitOrLossLocationDomain" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OperatingExpensesMember" id="trmd_OperatingExpensesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AdministrativeExpensesMember" id="trmd_AdministrativeExpensesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfEmployeeBenefitsLineItems" id="trmd_DisclosureOfEmployeeBenefitsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SeafarersAverageNumberOfEmployees" id="trmd_SeafarersAverageNumberOfEmployees" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="LandBasedWorkersAverageNumberOfEmployees" id="trmd_LandBasedWorkersAverageNumberOfEmployees" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NameOfDirectorAxis" id="trmd_NameOfDirectorAxis" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:dimensionItem"/>
<element name="NameOfDirectorDomain" id="trmd_NameOfDirectorDomain" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="CheamDirectorsLimitedMember" id="trmd_CheamDirectorsLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ChristopherHBoehringerMember" id="trmd_ChristopherHBoehringerMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="KariMillumGardarnarMember" id="trmd_KariMillumGardarnarMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="RasmusJohannesHoffmannMember" id="trmd_RasmusJohannesHoffmannMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="FlemmingIpsenMember" id="trmd_FlemmingIpsenMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OlivierDuboisMember" id="trmd_OlivierDuboisMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AlexanderGreenMember" id="trmd_AlexanderGreenMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="JonSyvertsenMember" id="trmd_JonSyvertsenMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DavidWeinsteinMember" id="trmd_DavidWeinsteinMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TorbenJanholtMember" id="trmd_TorbenJanholtMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="GoranTrappMember" id="trmd_GoranTrappMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="JefferySteinMember" id="trmd_JefferySteinMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="JacobMeldgaardMember" id="trmd_JacobMeldgaardMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="EmployeeTaxableBenefits" id="trmd_EmployeeTaxableBenefits" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="EmployeeAnnualPerformanceBonus" id="trmd_EmployeeAnnualPerformanceBonus" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="EmployeeTransactionBonus" id="trmd_EmployeeTransactionBonus" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="LongTermIncentivePlanMember" id="trmd_LongTermIncentivePlanMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement" id="trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement" type="num:perShareItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ValueOfOtherEquityInstrumentsGranted" id="trmd_ValueOfOtherEquityInstrumentsGranted" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfOtherEquityInstrumentsVesting" id="trmd_PercentageOfOtherEquityInstrumentsVesting" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ChiefExecutiveOfficerCEOMember" id="trmd_ChiefExecutiveOfficerCEOMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses" id="trmd_NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="VestingPeriodOfOtherEquityInstrumentsGranted" id="trmd_VestingPeriodOfOtherEquityInstrumentsGranted" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="InstallmentOfGrantAmountVestingAtEachAnniversary" id="trmd_InstallmentOfGrantAmountVestingAtEachAnniversary" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfSharesVestedAtFirstAnniversaryOtherEquityInstruments" id="trmd_NumberOfSharesVestedAtFirstAnniversaryOtherEquityInstruments" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MarketPricePerShare" id="trmd_MarketPricePerShare" type="num:perShareItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ExercisePriceOfOtherEquityInstrumentsAfterVestingDate" id="trmd_ExercisePriceOfOtherEquityInstrumentsAfterVestingDate" type="num:perShareItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate" id="trmd_ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AuditFeesAbstract" id="trmd_AuditFeesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AuditFeesForAuditOfAnnualAccounts" id="trmd_AuditFeesForAuditOfAnnualAccounts" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AuditFeesForAuditOfSubsidiariesPursuantToLegislation" id="trmd_AuditFeesForAuditOfSubsidiariesPursuantToLegislation" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AuditFees" id="trmd_AuditFees" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NonAuditFeesAbstract" id="trmd_NonAuditFeesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NonAuditFees" id="trmd_NonAuditFees" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="VesselsAndCapitalizedDryDockingMember" id="trmd_VesselsAndCapitalizedDryDockingMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PrepaymentsOnVesselsAbstract" id="trmd_PrepaymentsOnVesselsAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PrepaymentsOnVesselsAdditions" id="trmd_PrepaymentsOnVesselsAdditions" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PrepaymentsOnVesselsTransferredToFromOtherItems" id="trmd_PrepaymentsOnVesselsTransferredToFromOtherItems" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PeriodOverWhichAdjustedAverageRatesAreConsideredForEstimatingFutureFreightRates" id="trmd_PeriodOverWhichAdjustedAverageRatesAreConsideredForEstimatingFutureFreightRates" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ImpairmentLossInCaseClarksonFreightRatesWereUsed" id="trmd_ImpairmentLossInCaseClarksonFreightRatesWereUsed" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="VesselClassAxis" id="trmd_VesselClassAxis" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:dimensionItem"/>
<element name="VesselClassDomain" id="trmd_VesselClassDomain" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="VesselClassLrTwoMember" id="trmd_VesselClassLrTwoMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="VesselClassLrOneMember" id="trmd_VesselClassLrOneMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="VesselClassMrMember" id="trmd_VesselClassMrMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="VesselClassHandysizeMember" id="trmd_VesselClassHandysizeMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation" id="trmd_AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DescriptionOfHistoricalAverageSpotFreightRates" id="trmd_DescriptionOfHistoricalAverageSpotFreightRates" type="xbrli:stringItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfAdjustmentOfOperatingExpensesForInflation" id="trmd_PercentageOfAdjustmentOfOperatingExpensesForInflation" type="num:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfAdjustmentOfAdministrativeExpensesForInflation" id="trmd_PercentageOfAdjustmentOfAdministrativeExpensesForInflation" type="num:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ExpectedToGenerateNormalIncomeFromDeliveryFromShipyardPeriod" id="trmd_ExpectedToGenerateNormalIncomeFromDeliveryFromShipyardPeriod" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AverageRemainingLifeOfTanker" id="trmd_AverageRemainingLifeOfTanker" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisOfValueInUseChangeInKeyAssumptionPerDayFreightRates" id="trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionPerDayFreightRates" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionPerDayFreightRates" id="trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionPerDayFreightRates" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisOfValueInUseChangeInKeyAssumptionWeightedAverageCostOfCapital" id="trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionWeightedAverageCostOfCapital" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionWeightedAverageCostOfCapital" id="trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionWeightedAverageCostOfCapital" type="xbrli:stringItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisOfValueInUseChangeInKeyAssumptionOperatingExpenses" id="trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionOperatingExpenses" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionOperatingExpenses" id="trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionOperatingExpenses" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ReversalOfImpairmentLossIfUpsideOfSensitivityAnalysisApplied" id="trmd_ReversalOfImpairmentLossIfUpsideOfSensitivityAnalysisApplied" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="FinancialIncomeAbstract" id="trmd_FinancialIncomeAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="FinancialExpensesAbstract" id="trmd_FinancialExpensesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="FinancialAssetsPastDueAndImpairedMember" id="trmd_FinancialAssetsPastDueAndImpairedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AcquisitionsThroughBusinessCombinationsTradeReceivables" id="trmd_AcquisitionsThroughBusinessCombinationsTradeReceivables" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="CurrentReceivablesRelatedToPartnersAndCommercialManagements" id="trmd_CurrentReceivablesRelatedToPartnersAndCommercialManagements" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MiscelleneousOtherCurrentReceivables" id="trmd_MiscelleneousOtherCurrentReceivables" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="CommonSharesTreasurySharesAbstract" id="trmd_CommonSharesTreasurySharesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfTreasurySharesHeld" id="trmd_NumberOfTreasurySharesHeld" type="xbrli:sharesItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
<element name="IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares" id="trmd_IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares" type="xbrli:sharesItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares" id="trmd_DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares" type="xbrli:sharesItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares" id="trmd_DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares" type="xbrli:sharesItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NominalValueOfTreasurySharesHeld" id="trmd_NominalValueOfTreasurySharesHeld" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares" id="trmd_IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfShareCapitalAsTreasurySharesHeld" id="trmd_PercentageOfShareCapitalAsTreasurySharesHeld" type="num:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
<element name="IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares" id="trmd_IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares" id="trmd_DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares" id="trmd_DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfVotesInShareCapital" id="trmd_NumberOfVotesInShareCapital" type="xbrli:integerItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MaximumPortionOfAgreegateIssuedAndOutstandingSharesForHoldingRightsAsPerWrittenNotification" id="trmd_MaximumPortionOfAgreegateIssuedAndOutstandingSharesForHoldingRightsAsPerWrittenNotification" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfDaysElapsedFromWrittenNoticeOfBoardOfDirectorsReceipt" id="trmd_NumberOfDaysElapsedFromWrittenNoticeOfBoardOfDirectorsReceipt" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MinimumNumberOfBoardMembersConfirmingWrittenNotice" id="trmd_MinimumNumberOfBoardMembersConfirmingWrittenNotice" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MarketValueOfTreasurySharesHeld" id="trmd_MarketValueOfTreasurySharesHeld" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureForOtherLiabilitiesAbstract" id="trmd_DisclosureForOtherLiabilitiesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PartnersAndCommercialManagements" id="trmd_PartnersAndCommercialManagements" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="CurrentPayablesToJointVentures" id="trmd_CurrentPayablesToJointVentures" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OtherMiscellneousCurrentLiabilities" id="trmd_OtherMiscellneousCurrentLiabilities" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DsfFacilityMember" id="trmd_DsfFacilityMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TermFacilityMember" id="trmd_TermFacilityMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DsfFacilityThreeMember" id="trmd_DsfFacilityThreeMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DsfFacilityFourMember" id="trmd_DsfFacilityFourMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TermFacilityTwoMember" id="trmd_TermFacilityTwoMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="IngFacilityMember" id="trmd_IngFacilityMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AnnouncementOfEventOccuringIn2018Member" id="trmd_AnnouncementOfEventOccuringIn2018Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AnnouncementOfEventOccuringIn2019Member" id="trmd_AnnouncementOfEventOccuringIn2019Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfBank" id="trmd_NumberOfBank" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfTanker" id="trmd_NumberOfTanker" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfYearFacility" id="trmd_NumberOfYearFacility" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfNewBuilding" id="trmd_NumberOfNewBuilding" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
<element name="CarryingAmountOfVesselsForCollateralHeldAsSecurity" id="trmd_CarryingAmountOfVesselsForCollateralHeldAsSecurity" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="GuaranteeCommitmentsAndContingentLiabilitiesAbstract" id="trmd_GuaranteeCommitmentsAndContingentLiabilitiesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ContractualObligationsTable" id="trmd_ContractualObligationsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
<element name="ContractualObligationsLineItems" id="trmd_ContractualObligationsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MortgageDebtAndBankBorrowings" id="trmd_MortgageDebtAndBankBorrowings" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="InterestPaymentsForScheduledInterestFixing" id="trmd_InterestPaymentsForScheduledInterestFixing" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="EstimatedVariableInterestPayments" id="trmd_EstimatedVariableInterestPayments" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="InterestPayableOnFinanceLeaseObligation" id="trmd_InterestPayableOnFinanceLeaseObligation" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NewbuildingInstallments" id="trmd_NewbuildingInstallments" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OtherOperatingLeaseObligation" id="trmd_OtherOperatingLeaseObligation" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities" id="trmd_IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="VesselMember" id="trmd_VesselMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DirectIssuanceCostForBorrowings" id="trmd_DirectIssuanceCostForBorrowings" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ExpectedNumberOfNewbuildingsToBeDelivered" id="trmd_ExpectedNumberOfNewbuildingsToBeDelivered" type="xbrli:integerItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee" id="trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MaximumMutuallyNonCancellableOperatingLeasePeriod" id="trmd_MaximumMutuallyNonCancellableOperatingLeasePeriod" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OtherOperatingLeaseExpense" id="trmd_OtherOperatingLeaseExpense" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor" id="trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ForwardFreightAgreementsMember" id="trmd_ForwardFreightAgreementsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="StatementOfFinancialPositionLocationAxis" id="trmd_StatementOfFinancialPositionLocationAxis" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:dimensionItem"/>
<element name="StatementOfFinancialPositionLocationDomain" id="trmd_StatementOfFinancialPositionLocationDomain" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OtherReceivablesMember" id="trmd_OtherReceivablesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OtherLiabilityMember" id="trmd_OtherLiabilityMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="BunkerSwapContractMember" id="trmd_BunkerSwapContractMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ForwardExchangeContractMember" id="trmd_ForwardExchangeContractMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="RevenueMember" id="trmd_RevenueMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PortExpensesBunkersAndCommissionsMember" id="trmd_PortExpensesBunkersAndCommissionsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="FinancialItemMember" id="trmd_FinancialItemMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="HedgingReserveMember" id="trmd_HedgingReserveMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss" id="trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity" id="trmd_FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge" id="trmd_FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityToChangesInFreightRatesAbstract" id="trmd_SensitivityToChangesInFreightRatesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax" id="trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity" id="trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityToChangesInTheBunkerPricesAbstract" id="trmd_SensitivityToChangesInTheBunkerPricesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax" id="trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity" id="trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityToChangesInCurrencyExchangeRateAbstract" id="trmd_SensitivityToChangesInCurrencyExchangeRateAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax" id="trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity" id="trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityToChangesInInterestRatesAbstract" id="trmd_SensitivityToChangesInInterestRatesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax" id="trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity" id="trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AgreementAxis" id="trmd_AgreementAxis" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:dimensionItem"/>
<element name="AgreementDomain" id="trmd_AgreementDomain" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="CargoContractsAndTimeCharteRagreementsMember" id="trmd_CargoContractsAndTimeCharteRagreementsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PositionTypeAxis" id="trmd_PositionTypeAxis" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:dimensionItem"/>
<element name="PositionTypeDomain" id="trmd_PositionTypeDomain" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="LongPositionMember" id="trmd_LongPositionMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ShortPositionMember" id="trmd_ShortPositionMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>

<element name="CoveragePeriodUnderAgreement" id="trmd_CoveragePeriodUnderAgreement" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements" id="trmd_PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging" id="trmd_PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DerivativeNotionalContractValue" id="trmd_DerivativeNotionalContractValue" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DerivativesNonmonetaryNotionalAmountVolume" id="trmd_DerivativesNonmonetaryNotionalAmountVolume" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfCoverage" id="trmd_PercentageOfCoverage" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfCompaniesToDiversifyRisk" id="trmd_NumberOfCompaniesToDiversifyRisk" type="xbrli:integerItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfProtectionAndIndemnityClubToDiversifyRisk" id="trmd_NumberOfProtectionAndIndemnityClubToDiversifyRisk" type="xbrli:integerItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="RevolvingCreditFacilitiesMember" id="trmd_RevolvingCreditFacilitiesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="InterestBearingDebtMember" id="trmd_InterestBearingDebtMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="CarryingValueOfFleet" id="trmd_CarryingValueOfFleet" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MarketValueOfFleetExcludingUndeLiveredNewBuildings" id="trmd_MarketValueOfFleetExcludingUndeLiveredNewBuildings" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfTankerSold" id="trmd_NumberOfTankerSold" type="xbrli:integerItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfTankerPurchased" id="trmd_NumberOfTankerPurchased" type="xbrli:integerItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfVesselsOnOrderForDeliveryInNextTwoFiscalYears" id="trmd_NumberOfVesselsOnOrderForDeliveryInNextTwoFiscalYears" type="xbrli:integerItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfAdditionalTankerThatCanBePurchased" id="trmd_NumberOfAdditionalTankerThatCanBePurchased" type="xbrli:integerItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels" id="trmd_PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfBunkerConsumptionHedged" id="trmd_PercentageOfBunkerConsumptionHedged" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfBunkerRequirementsForHedgingInstruments" id="trmd_PercentageOfBunkerRequirementsForHedgingInstruments" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfBanksHavingLoanPortfolio" id="trmd_NumberOfBanksHavingLoanPortfolio" type="xbrli:integerItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels" id="trmd_AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfConcerntrationRisk" id="trmd_PercentageOfConcerntrationRisk" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AveragePercentageOfDemurrageRevenueCollection" id="trmd_AveragePercentageOfDemurrageRevenueCollection" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfTotalFreightRevenuesAsDemurrage" id="trmd_PercentageOfTotalFreightRevenuesAsDemurrage" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk" id="trmd_PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency" id="trmd_PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency" id="trmd_PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged" id="trmd_PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PercentageOfExposureToInterestRateRisk" id="trmd_PercentageOfExposureToInterestRateRisk" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="FloatingRateLoansDescriptionOfVariableRateBasis" id="trmd_FloatingRateLoansDescriptionOfVariableRateBasis" type="xbrli:stringItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="IncreaseDecreaseInInterestBearingDebt" id="trmd_IncreaseDecreaseInInterestBearingDebt" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="LiquidityReserveMaintainedInCash" id="trmd_LiquidityReserveMaintainedInCash" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="FreightReceivablesMember" id="trmd_FreightReceivablesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="CashAndCashEquivalentMember" id="trmd_CashAndCashEquivalentMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MortgageDebtAndBankLoansMember" id="trmd_MortgageDebtAndBankLoansMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TradePayablesMember" id="trmd_TradePayablesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable" id="trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
<element name="DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems" id="trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfVesselsSold" id="trmd_NumberOfVesselsSold" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfVesselsDeliveredToNewOwner" id="trmd_NumberOfVesselsDeliveredToNewOwner" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfVesselsExpectedToBeDelivered" id="trmd_NumberOfVesselsExpectedToBeDelivered" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfRemainingVesselsSold" id="trmd_NumberOfRemainingVesselsSold" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ProfitLossFromSaleOfVessels" id="trmd_ProfitLossFromSaleOfVessels" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ImpairmentLossRecognisedInProfitOrLossTangibleAndIntangibleAssets" id="trmd_ImpairmentLossRecognisedInProfitOrLossTangibleAndIntangibleAssets" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AmountInConnectionWithWindDownOfBulkActivities" id="trmd_AmountInConnectionWithWindDownOfBulkActivities" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="ReversalOfOtherNonCashMovementsAbstract" id="trmd_ReversalOfOtherNonCashMovementsAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AdjustmentsForEquityTransactionsExpensedRelatedToCorporateReorganization" id="trmd_AdjustmentsForEquityTransactionsExpensedRelatedToCorporateReorganization" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AdjustmentsForOtherNoncashItems" id="trmd_AdjustmentsForOtherNoncashItems" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AdjustmentsForDecreaseIncreaseInTradeAccountsReceivablesAndPayablesForBunkersAbstract" id="trmd_AdjustmentsForDecreaseIncreaseInTradeAccountsReceivablesAndPayablesForBunkersAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AdjustmentsForIncreaseDecreaseInBunkers" id="trmd_AdjustmentsForIncreaseDecreaseInBunkers" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AdjustmentsForIncreaseDecreaseInPrepayments" id="trmd_AdjustmentsForIncreaseDecreaseInPrepayments" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments" id="trmd_AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DkVesselHoldcoGpApsMember" id="trmd_DkVesselHoldcoGpApsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DkVesselHoldcoKSMember" id="trmd_DkVesselHoldcoKSMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmGibraltarNjordMidcoLtdMember" id="trmd_OcmGibraltarNjordMidcoLtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordCharteringIncMember" id="trmd_OcmNjordCharteringIncMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsAgnesPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsAgnesPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsAlicePte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsAlicePte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsAlmenaPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsAlmenaPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsAmaliePte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsAmaliePte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsAslaugPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsAslaugPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsHardradaPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsHardradaPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsSt.MichaelisPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsSt.MichaelisPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsSt.GabrielPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsSt.GabrielPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsHaraldPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsHaraldPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsGormPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsGormPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsKnutPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsKnutPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsValdemarPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsValdemarPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsAgnetePte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsAgnetePte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsAlexandraPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsAlexandraPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsAnabelPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsAnabelPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsArawaPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsArawaPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsLeifPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsLeifPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmSingaporeNjordHoldingsRolfPte.LtdMember" id="trmd_OcmSingaporeNjordHoldingsRolfPte.LtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmHoldingsMrsInc.Member" id="trmd_OcmHoldingsMrsInc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordAnneInc.Member" id="trmd_OcmNjordAnneInc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordFreyaInc.Member" id="trmd_OcmNjordFreyaInc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordGerdInc.Member" id="trmd_OcmNjordGerdInc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordGertrudInc.Member" id="trmd_OcmNjordGertrudInc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordGunhildInc.Member" id="trmd_OcmNjordGunhildInc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordHeleneInc.Member" id="trmd_OcmNjordHeleneInc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordHelvigInc.Member" id="trmd_OcmNjordHelvigInc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordIngeborgInc.Member" id="trmd_OcmNjordIngeborgInc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordMaryInc.Member" id="trmd_OcmNjordMaryInc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordRagnhildInc.Member" id="trmd_OcmNjordRagnhildInc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordThyraInc.Member" id="trmd_OcmNjordThyraInc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordValborgInc.Member" id="trmd_OcmNjordValborgInc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordVitaInc.Member" id="trmd_OcmNjordVitaInc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OmiHoldingLtd.Member" id="trmd_OmiHoldingLtd.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TorghattenTormShipowningApsMember" id="trmd_TorghattenTormShipowningApsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TormBrasilConsultoriaEmTransporteMaritimoLtda.Member" id="trmd_TormBrasilConsultoriaEmTransporteMaritimoLtda.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TormCrewingServiceLtd.Member" id="trmd_TormCrewingServiceLtd.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TormShippingIndiaPrivateLimitedMember" id="trmd_TormShippingIndiaPrivateLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TormSingaporePte.Ltd.Member" id="trmd_TormSingaporePte.Ltd.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TormUsaLlcMember" id="trmd_TormUsaLlcMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TtShipowningKSMember" id="trmd_TtShipowningKSMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="Vesselco1KSMember" id="trmd_Vesselco1KSMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="Vesselco2Pte.Ltd.Member" id="trmd_Vesselco2Pte.Ltd.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="Vesselco3KSMember" id="trmd_Vesselco3KSMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="Vesselco4Pte.Ltd.Member" id="trmd_Vesselco4Pte.Ltd.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="Vesselco5KSMember" id="trmd_Vesselco5KSMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="Vesselco6Pte.Ltd.Member" id="trmd_Vesselco6Pte.Ltd.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="Vesselco7Pte.Ltd.Member" id="trmd_Vesselco7Pte.Ltd.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="Vesselco8Pte.Ltd.Member" id="trmd_Vesselco8Pte.Ltd.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="Vesselco9Pte.Ltd.Member" id="trmd_Vesselco9Pte.Ltd.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="Vesselco10Pte.Ltd.Member" id="trmd_Vesselco10Pte.Ltd.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="Vesselco11Pte.Ltd.Member" id="trmd_Vesselco11Pte.Ltd.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="Vesselco12Pte.Ltd.Member" id="trmd_Vesselco12Pte.Ltd.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TormShippingPhils.Inc.Member" id="trmd_TormShippingPhils.Inc.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="VesselcoAApsMember" id="trmd_VesselcoAApsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="VesselcoCApsMember" id="trmd_VesselcoCApsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="VesselcoEApsMember" id="trmd_VesselcoEApsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfEntitiesTable" id="trmd_DisclosureOfEntitiesTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
<element name="LongRange2ASMember" id="trmd_LongRange2ASMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="Lr2ManagementKSMember" id="trmd_Lr2ManagementKSMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DisclosureOfEntitiesLineItems" id="trmd_DisclosureOfEntitiesLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="WeightedAverageNumberOfSharesIssued" id="trmd_WeightedAverageNumberOfSharesIssued" type="xbrli:sharesItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="WeightedAverageNumberOfSharesTreasuryShares" id="trmd_WeightedAverageNumberOfSharesTreasuryShares" type="xbrli:sharesItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DividendPerShareAbstract" id="trmd_DividendPerShareAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DividendPaidOnShares" id="trmd_DividendPaidOnShares" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="NumberOfSharesOnWhichDividendPaid" id="trmd_NumberOfSharesOnWhichDividendPaid" type="xbrli:sharesItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
<element name="DividendPerShare" id="trmd_DividendPerShare" type="num:perShareItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
<element name="InvestmentInJointVenturesRecognisedAsOfAcquisitionDate" id="trmd_InvestmentInJointVenturesRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="BunkersRecognisedAsOfAcquisitionDate" id="trmd_BunkersRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="FreightReceivablesRecognisedAsOfAcquisitionDate" id="trmd_FreightReceivablesRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OtherReceivablesRecognisedAsOfAcquisitionDate" id="trmd_OtherReceivablesRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="PrepaymentsRecognisedAsOfAcquisitionDate" id="trmd_PrepaymentsRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate" id="trmd_MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OtherLiabilitiesRecognisedAsOfAcquisitionDate" id="trmd_OtherLiabilitiesRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="TimeCharterContractsRecognisedAsOfAcquisitionDate" id="trmd_TimeCharterContractsRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="WarrantsOfAcquirer" id="trmd_WarrantsOfAcquirer" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
<element name="OcmNjordHoldingsS..R.L.Member" id="trmd_OcmNjordHoldingsS..R.L.Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>4
<FILENAME>trmd-20171231_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>
<!--XBRL Document Modified with Ez-Editor Version 1.7.0.1 on Friday, April 06, 2018 03:32:30 PM -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
<roleRef xlink:type="simple" xlink:href="trmd-20171231.xsd#ConsolidatedIncomeStatement" roleURI="http://www.torm.com/role/ConsolidatedIncomeStatement"/>
<calculationLink xlink:type="extended" xlink:role="http://www.torm.com/role/ConsolidatedIncomeStatement">
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices" xlink:label="loc_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices"/>
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<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PortExpensesBunkersAndCommissions" xlink:label="loc_trmd_PortExpensesBunkersAndCommissions"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_trmd_PortExpensesBunkersAndCommissions" order="20" use="optional" weight="-1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TransportationExpense" xlink:label="loc_ifrs-full_TransportationExpense"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_TransportationExpense" order="30" use="optional" weight="-1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OperatingExpense" xlink:label="loc_ifrs-full_OperatingExpense"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_OperatingExpense" order="40" use="optional" weight="-1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainsOnDisposalsOfNoncurrentAssets" xlink:label="loc_ifrs-full_GainsOnDisposalsOfNoncurrentAssets"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_GainsOnDisposalsOfNoncurrentAssets" order="50" use="optional" weight="1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdministrativeExpense" xlink:label="loc_ifrs-full_AdministrativeExpense"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_AdministrativeExpense" order="60" use="optional" weight="-1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherOperatingIncomeExpense" xlink:label="loc_ifrs-full_OtherOperatingIncomeExpense"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_OtherOperatingIncomeExpense" order="70" use="optional" weight="1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xlink:label="loc_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" order="80" use="optional" weight="1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="loc_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="loc_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" order="90" use="optional" weight="-1"/>
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<roleRef xlink:type="simple" xlink:href="trmd-20171231.xsd#ConsolidatedCashFlowStatement" roleURI="http://www.torm.com/role/ConsolidatedCashFlowStatement"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossFromContinuingOperations" xlink:label="loc_ifrs-full_ProfitLossFromContinuingOperations"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForDepreciationExpense" xlink:label="loc_ifrs-full_AdjustmentsForDepreciationExpense"/>
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<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OtherAdjustmentsForNon-CashItems" xlink:label="loc_trmd_OtherAdjustmentsForNon-CashItems"/>
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<roleRef xlink:type="simple" xlink:href="trmd-20171231.xsd#StaffCostsDetails" roleURI="http://www.torm.com/role/StaffCostsDetails"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EmployeeBenefitsExpense" xlink:label="loc_ifrs-full_EmployeeBenefitsExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WagesAndSalaries" xlink:label="loc_ifrs-full_WagesAndSalaries"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:label="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees"/>
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<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfBusinessOverviewTable" xlink:label="loc_trmd_DisclosureOfBusinessOverviewTable"/>
<definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_trmd_DisclosureOfBusinessOverviewLineItems" xlink:to="loc_trmd_DisclosureOfBusinessOverviewTable" order="0" use="optional" xbrldt:closed="true" xbrldt:contextElement="segment"/>








<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:label="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis"/>
<definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_trmd_DisclosureOfBusinessOverviewTable" xlink:to="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" order="1" use="optional"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForSubsidiariesMember" xlink:label="loc_ifrs-full_EntitysTotalForSubsidiariesMember"/>
<definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="loc_ifrs-full_EntitysTotalForSubsidiariesMember" order="0" use="optional"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TormAsMember" xlink:label="loc_trmd_TormAsMember_1"/>
<definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_ifrs-full_EntitysTotalForSubsidiariesMember" xlink:to="loc_trmd_TormAsMember_1" order="0" use="optional"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForSubsidiariesMember" xlink:label="loc_ifrs-full_EntitysTotalForSubsidiariesMember_1"/>
<definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="loc_ifrs-full_EntitysTotalForSubsidiariesMember_1" order="1" use="optional"/>


<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfSharesExchanged" xlink:label="loc_trmd_PercentageOfSharesExchanged"/>
<definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_trmd_DisclosureOfBusinessOverviewLineItems" xlink:to="loc_trmd_PercentageOfSharesExchanged" order="2" use="optional"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfNonControllingInterestSharesAcquired" xlink:label="loc_trmd_PercentageOfNonControllingInterestSharesAcquired"/>
<definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_trmd_DisclosureOfBusinessOverviewLineItems" xlink:to="loc_trmd_PercentageOfNonControllingInterestSharesAcquired" order="3" use="optional"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashTransferred" xlink:label="loc_ifrs-full_CashTransferred"/>
<definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_trmd_DisclosureOfBusinessOverviewLineItems" xlink:to="loc_ifrs-full_CashTransferred" order="4" use="optional"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_RatioOfWarrantsExchanged" xlink:label="loc_trmd_RatioOfWarrantsExchanged"/>
<definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_trmd_DisclosureOfBusinessOverviewLineItems" xlink:to="loc_trmd_RatioOfWarrantsExchanged" order="5" use="optional"/>
</definitionLink>
</linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>6
<FILENAME>trmd-20171231_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>
<!--XBRL Document Modified with Ez-Editor Version 1.7.0.1 on Friday, April 06, 2018 03:32:30 PM -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel"/>
<labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DocumentAndEntityInformationAbstract" xlink:label="loc_2I0HHGGF8208_trmd_DocumentAndEntityInformationAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DocumentAndEntityInformationAbstract" xml:lang="en-US">Document And Entity Information [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DocumentAndEntityInformationAbstract" xlink:to="lab_4K2JJIIH0420_trmd_DocumentAndEntityInformationAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_I9G01G3G9932937HF776_dei_EntityRegistrantName"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_dei_EntityRegistrantName" xml:lang="en-US">Entity Registrant Name</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_dei_EntityRegistrantName" xlink:to="lab_K1I23I5I1154159JH998_dei_EntityRegistrantName"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_2I0HHGGF8208_dei_EntityCentralIndexKey"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_dei_EntityCentralIndexKey" xml:lang="en-US">Entity Central Index Key</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_dei_EntityCentralIndexKey" xlink:to="lab_4K2JJIIH0420_dei_EntityCentralIndexKey"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_TradingSymbol" xlink:label="loc_I9G01G3G9932937HF776_dei_TradingSymbol"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_dei_TradingSymbol" xml:lang="en-US">Trading Symbol</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_dei_TradingSymbol" xlink:to="lab_K1I23I5I1154159JH998_dei_TradingSymbol"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_2I0HHGGF8208_dei_EntityCurrentReportingStatus"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_dei_EntityCurrentReportingStatus" xml:lang="en-US">Entity Current Reporting Status</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_dei_EntityCurrentReportingStatus" xlink:to="lab_4K2JJIIH0420_dei_EntityCurrentReportingStatus"/>



<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_2I0HHGGF8208_dei_CurrentFiscalYearEndDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_dei_CurrentFiscalYearEndDate" xml:lang="en-US">Current Fiscal Year End Date</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_dei_CurrentFiscalYearEndDate" xlink:to="lab_4K2JJIIH0420_dei_CurrentFiscalYearEndDate"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_I9G01G3G9932937HF776_dei_EntityWellKnownSeasonedIssuer"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_dei_EntityWellKnownSeasonedIssuer" xml:lang="en-US">Entity Well-known Seasoned Issuer</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_dei_EntityWellKnownSeasonedIssuer" xlink:to="lab_K1I23I5I1154159JH998_dei_EntityWellKnownSeasonedIssuer"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="loc_2I0HHGGF8208_dei_DocumentType"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_dei_DocumentType" xml:lang="en-US">Document Type</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_dei_DocumentType" xlink:to="lab_4K2JJIIH0420_dei_DocumentType"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_I9G01G3G9932937HF776_dei_DocumentPeriodEndDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_dei_DocumentPeriodEndDate" xml:lang="en-US">Document Period End Date</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_dei_DocumentPeriodEndDate" xlink:to="lab_K1I23I5I1154159JH998_dei_DocumentPeriodEndDate"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_2I0HHGGF8208_dei_AmendmentFlag"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_dei_AmendmentFlag" xml:lang="en-US">Amendment Flag</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_dei_AmendmentFlag" xlink:to="lab_4K2JJIIH0420_dei_AmendmentFlag"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_I9G01G3G9932937HF776_dei_DocumentFiscalYearFocus"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_dei_DocumentFiscalYearFocus" xml:lang="en-US">Document Fiscal Year Focus</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_dei_DocumentFiscalYearFocus" xlink:to="lab_K1I23I5I1154159JH998_dei_DocumentFiscalYearFocus"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_2I0HHGGF8208_dei_DocumentFiscalPeriodFocus"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_dei_DocumentFiscalPeriodFocus" xml:lang="en-US">Document Fiscal Period Focus</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_dei_DocumentFiscalPeriodFocus" xlink:to="lab_4K2JJIIH0420_dei_DocumentFiscalPeriodFocus"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_IncomeStatementAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncomeStatementAbstract" xml:lang="en-US">Profit or loss [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_IncomeStatementAbstract" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_IncomeStatementAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices" xlink:label="loc_2I0HHGGF8208_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices" xml:lang="en-US">Revenue from rendering of cargo and mail transport services</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices" xml:lang="en-US">Revenue</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices" xlink:to="lab_4K2JJIIH0420_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PortExpensesBunkersAndCommissions" xlink:label="loc_I9G01G3G9932937HF776_trmd_PortExpensesBunkersAndCommissions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PortExpensesBunkersAndCommissions" xml:lang="en-US">Port Expenses Bunkers And Commissions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PortExpensesBunkersAndCommissions" xml:lang="en-US">Port expenses, bunkers and commissions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PortExpensesBunkersAndCommissions" xml:lang="en-US">Port expenses, bunkers and commissions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PortExpensesBunkersAndCommissions" xml:lang="en-US">The amount of expenses associated to port expenses, bunkers and commissions.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PortExpensesBunkersAndCommissions" xml:lang="en-US">Port expenses, bunkers and commissions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PortExpensesBunkersAndCommissions" xlink:to="lab_K1I23I5I1154159JH998_trmd_PortExpensesBunkersAndCommissions"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TransportationExpense" xlink:label="loc_2I0HHGGF8208_ifrs-full_TransportationExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_TransportationExpense" xml:lang="en-US">Transportation expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_TransportationExpense" xml:lang="en-US">Charter hire</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_TransportationExpense" xml:lang="en-US">Charter hire</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_TransportationExpense" xlink:to="lab_4K2JJIIH0420_ifrs-full_TransportationExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OperatingExpense" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_OperatingExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OperatingExpense" xml:lang="en-US">Operating expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OperatingExpense" xml:lang="en-US">Operating expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OperatingExpense" xml:lang="en-US">Operating expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OperatingExpense" xml:lang="en-US">Operating expenses (Note 4)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_OperatingExpense" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_OperatingExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainsOnDisposalsOfNoncurrentAssets" xlink:label="loc_2I0HHGGF8208_ifrs-full_GainsOnDisposalsOfNoncurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_GainsOnDisposalsOfNoncurrentAssets" xml:lang="en-US">Gains on disposals of non-current assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_GainsOnDisposalsOfNoncurrentAssets" xml:lang="en-US">Profit from sale of vessels (Note 23)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_GainsOnDisposalsOfNoncurrentAssets" xlink:to="lab_4K2JJIIH0420_ifrs-full_GainsOnDisposalsOfNoncurrentAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdministrativeExpense" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AdministrativeExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdministrativeExpense" xml:lang="en-US">Administrative expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdministrativeExpense" xml:lang="en-US">Administrative expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdministrativeExpense" xml:lang="en-US">Administrative expenses (Note 4, 5)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AdministrativeExpense" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AdministrativeExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherOperatingIncomeExpense" xlink:label="loc_2I0HHGGF8208_ifrs-full_OtherOperatingIncomeExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_OtherOperatingIncomeExpense" xml:lang="en-US">Other operating income (expense)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_OtherOperatingIncomeExpense" xml:lang="en-US">Other operating expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_OtherOperatingIncomeExpense" xlink:to="lab_4K2JJIIH0420_ifrs-full_OtherOperatingIncomeExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xml:lang="en-US">Share of profit (loss) of joint ventures accounted for using equity method</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xml:lang="en-US">Share of profit/(loss) from joint ventures</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xml:lang="en-US">Reversal of share of profit/(loss) from joint ventures</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="loc_2I0HHGGF8208_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xml:lang="en-US">Impairment loss (reversal of impairment loss) recognised in profit or loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xml:lang="en-US">Impairment losses on tangible and intangible assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xml:lang="en-US">Impairment losses on tangible and intangible assets (Note 6, 7, 8, 23)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="lab_4K2JJIIH0420_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DepreciationExpense" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DepreciationExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DepreciationExpense" xml:lang="en-US">Depreciation expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DepreciationExpense" xml:lang="en-US">Depreciation expense relates to administrative expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DepreciationExpense" xml:lang="en-US">Depreciation (Note 7)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DepreciationExpense" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DepreciationExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="loc_2I0HHGGF8208_ifrs-full_ProfitLossFromOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ProfitLossFromOperatingActivities" xml:lang="en-US">Profit (loss) from operating activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ProfitLossFromOperatingActivities" xml:lang="en-US">Operating profit/(loss) (EBIT)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ProfitLossFromOperatingActivities" xml:lang="en-US">Operating profit/(loss) (EBIT)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="lab_4K2JJIIH0420_ifrs-full_ProfitLossFromOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinanceIncome" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_FinanceIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinanceIncome" xml:lang="en-US">Finance income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinanceIncome" xml:lang="en-US">Financial income (Note 9)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinanceIncome" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinanceIncome" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_FinanceIncome" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_FinanceIncome"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinanceCosts" xlink:label="loc_2I0HHGGF8208_ifrs-full_FinanceCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinanceCosts" xml:lang="en-US">Finance costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinanceCosts" xml:lang="en-US">Financial expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinanceCosts" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinanceCosts" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinanceCosts" xml:lang="en-US">Financial expenses (Note 9)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinanceCosts" xml:lang="en-US">Finance costs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_FinanceCosts" xlink:to="lab_4K2JJIIH0420_ifrs-full_FinanceCosts"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ProfitLossBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossBeforeTax" xml:lang="en-US">Profit (loss) before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossBeforeTax" xml:lang="en-US">Profit/(loss) before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossBeforeTax" xml:lang="en-US">Profit/(loss) before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossBeforeTax" xml:lang="en-US">Profit/(loss) before tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ProfitLossBeforeTax" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossBeforeTax"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="loc_2I0HHGGF8208_ifrs-full_IncomeTaxExpenseContinuingOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="en-US">Tax expense (income), continuing operations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="en-US">Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="en-US">Tax (Note 12)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="lab_4K2JJIIH0420_ifrs-full_IncomeTaxExpenseContinuingOperations"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossFromContinuingOperations" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ProfitLossFromContinuingOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossFromContinuingOperations" xml:lang="en-US">Profit (loss) from continuing operations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossFromContinuingOperations" xml:lang="en-US">Net profit/loss for the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossFromContinuingOperations" xml:lang="en-US">Net profit/(loss) for the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossFromContinuingOperations" xml:lang="en-US">Profit and loss from continuing operations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossFromContinuingOperations" xml:lang="en-US">Net profit/(loss) for the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossFromContinuingOperations" xml:lang="en-US">Net profit/loss for the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ProfitLossFromContinuingOperations" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossFromContinuingOperations"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EarningsPerShareAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_EarningsPerShareAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_EarningsPerShareAbstract" xml:lang="en-US">Earnings per share [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_EarningsPerShareAbstract" xml:lang="en-US">EARNINGS PER SHARE</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_EarningsPerShareAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_EarningsPerShareAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BasicEarningsLossPerShare" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_BasicEarningsLossPerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_BasicEarningsLossPerShare" xml:lang="en-US">Basic earnings (loss) per share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_BasicEarningsLossPerShare" xml:lang="en-US">Basic earnings/(loss) per share (USD) (Note 26)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_BasicEarningsLossPerShare" xml:lang="en-US">Basic earnings/(loss) per share (USD)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_BasicEarningsLossPerShare" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_BasicEarningsLossPerShare"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DilutedEarningsLossPerShare" xlink:label="loc_2I0HHGGF8208_ifrs-full_DilutedEarningsLossPerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DilutedEarningsLossPerShare" xml:lang="en-US">Diluted earnings (loss) per share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DilutedEarningsLossPerShare" xml:lang="en-US">Diluted earnings/(loss) per share (USD) (Note 26)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DilutedEarningsLossPerShare" xml:lang="en-US">Diluted earnings/(loss) per share (USD)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DilutedEarningsLossPerShare" xlink:to="lab_4K2JJIIH0420_ifrs-full_DilutedEarningsLossPerShare"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_StatementOfComprehensiveIncomeAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_StatementOfComprehensiveIncomeAbstract" xml:lang="en-US">Statement of comprehensive income [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_StatementOfComprehensiveIncomeAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_OtherComprehensiveIncomeAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_OtherComprehensiveIncomeAbstract" xml:lang="en-US">Other comprehensive income [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_OtherComprehensiveIncomeAbstract" xml:lang="en-US">Other comprehensive income/(loss):</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_OtherComprehensiveIncomeAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xml:lang="en-US">Components of other comprehensive income that will be reclassified to profit or loss, before tax [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xml:lang="en-US">Items that may be reclassified to profit or loss:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:label="loc_2I0HHGGF8208_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xml:lang="en-US">Gains (losses) on exchange differences on translation, before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xml:lang="en-US">Exchange rate adjustment arising from translation of entities using a functional currency different from USD</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="lab_4K2JJIIH0420_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xml:lang="en-US">Other comprehensive income, before tax, cash flow hedges</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xml:lang="en-US">Fair value adjustment on hedging instruments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:label="loc_2I0HHGGF8208_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xml:lang="en-US">Reclassification adjustments on cash flow hedges, before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xml:lang="en-US">Fair value adjustment on hedging instruments transferred to income statement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xml:lang="en-US">Fair value adjustment on hedging instruments transferred to income statement</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:to="lab_4K2JJIIH0420_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_OtherComprehensiveIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherComprehensiveIncome" xml:lang="en-US">Other comprehensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherComprehensiveIncome" xml:lang="en-US">Other compre-hensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherComprehensiveIncome" xml:lang="en-US">Other comprehensive income/(loss) for the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherComprehensiveIncome" xml:lang="en-US">Other comprehensive income/(loss) after tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_OtherComprehensiveIncome" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_OtherComprehensiveIncome"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComprehensiveIncome" xlink:label="loc_2I0HHGGF8208_ifrs-full_ComprehensiveIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ComprehensiveIncome" xml:lang="en-US">Comprehensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ComprehensiveIncome" xml:lang="en-US">Total comprehensive income/(loss) for the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ComprehensiveIncome" xml:lang="en-US">Total compre-hensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ComprehensiveIncome" xml:lang="en-US">Total comprehensive income/(loss) for the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ComprehensiveIncome" xlink:to="lab_4K2JJIIH0420_ifrs-full_ComprehensiveIncome"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfFinancialPositionAbstract" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_StatementOfFinancialPositionAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_StatementOfFinancialPositionAbstract" xml:lang="en-US">Statement of financial position [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_StatementOfFinancialPositionAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AssetsAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_AssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AssetsAbstract" xml:lang="en-US">Assets [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AssetsAbstract" xml:lang="en-US">ASSETS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AssetsAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_AssetsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentAssetsAbstract" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_NoncurrentAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentAssetsAbstract" xml:lang="en-US">Non-current assets [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentAssetsAbstract" xml:lang="en-US">NON-CURRENT ASSETS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_NoncurrentAssetsAbstract" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentAssetsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_PropertyPlantAndEquipmentAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipmentAbstract" xml:lang="en-US">Property, plant and equipment [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipmentAbstract" xml:lang="en-US">Tangible fixed assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipmentAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_VesselsAndCapitalizedDrydock" xlink:label="loc_I9G01G3G9932937HF776_trmd_VesselsAndCapitalizedDrydock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselsAndCapitalizedDrydock" xml:lang="en-US">Vessels And Capitalized Drydock</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselsAndCapitalizedDrydock" xml:lang="en-US">Vessels and capitalized dry-docking (Note 7,8,16)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselsAndCapitalizedDrydock" xml:lang="en-US">Represnts the amount of property, plant and equipment representing seafaring or other maritime vessels and capitalized dry-dock used in the entity's operations.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_VesselsAndCapitalizedDrydock" xlink:to="lab_K1I23I5I1154159JH998_trmd_VesselsAndCapitalizedDrydock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentPrepayments" xlink:label="loc_2I0HHGGF8208_ifrs-full_NoncurrentPrepayments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NoncurrentPrepayments" xml:lang="en-US">Non-current prepayments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NoncurrentPrepayments" xml:lang="en-US">Prepayments on vessels (Note 7)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NoncurrentPrepayments" xml:lang="en-US">Carrying amount as of 31 December</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NoncurrentPrepayments" xml:lang="en-US">Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NoncurrentPrepayments" xml:lang="en-US">Balance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NoncurrentPrepayments" xlink:to="lab_4K2JJIIH0420_ifrs-full_NoncurrentPrepayments"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherPropertyPlantAndEquipment" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_OtherPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherPropertyPlantAndEquipment" xml:lang="en-US">Other property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherPropertyPlantAndEquipment" xml:lang="en-US">Other plant and operating equipment (Note 7)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_OtherPropertyPlantAndEquipment" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_OtherPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="loc_2I0HHGGF8208_ifrs-full_PropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipment" xml:lang="en-US">Property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipment" xml:lang="en-US">Total tangible fixed assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipment" xml:lang="en-US">Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipment" xml:lang="en-US">Balance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_PropertyPlantAndEquipment" xlink:to="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract" xml:lang="en-US">Categories of non-current financial assets [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract" xml:lang="en-US">Financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InvestmentsInJointVentures" xlink:label="loc_2I0HHGGF8208_ifrs-full_InvestmentsInJointVentures"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_InvestmentsInJointVentures" xml:lang="en-US">Investments in joint ventures</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_InvestmentsInJointVentures" xml:lang="en-US">Investments in joint ventures</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_InvestmentsInJointVentures" xlink:to="lab_4K2JJIIH0420_ifrs-full_InvestmentsInJointVentures"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xml:lang="en-US">Non-current investments other than investments accounted for using equity method</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xml:lang="en-US">Other investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentFinancialAssets" xlink:label="loc_2I0HHGGF8208_ifrs-full_NoncurrentFinancialAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NoncurrentFinancialAssets" xml:lang="en-US">Non-current financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NoncurrentFinancialAssets" xml:lang="en-US">Total financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NoncurrentFinancialAssets" xml:lang="en-US">Total financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NoncurrentFinancialAssets" xlink:to="lab_4K2JJIIH0420_ifrs-full_NoncurrentFinancialAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentAssets" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_NoncurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentAssets" xml:lang="en-US">Non-current assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentAssets" xml:lang="en-US">Total non-current assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_NoncurrentAssets" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentAssetsAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_CurrentAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentAssetsAbstract" xml:lang="en-US">Current assets [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentAssetsAbstract" xml:lang="en-US">CURRENT ASSETS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CurrentAssetsAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_CurrentAssetsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InventoriesTotal" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_InventoriesTotal"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_InventoriesTotal" xml:lang="en-US">Inventories</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_InventoriesTotal" xml:lang="en-US">Bunkers</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_InventoriesTotal" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_InventoriesTotal"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTradeReceivables" xlink:label="loc_2I0HHGGF8208_ifrs-full_CurrentTradeReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentTradeReceivables" xml:lang="en-US">Current trade receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentTradeReceivables" xml:lang="en-US">Freight receivables (Note 10)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CurrentTradeReceivables" xlink:to="lab_4K2JJIIH0420_ifrs-full_CurrentTradeReceivables"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherCurrentReceivables" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_OtherCurrentReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherCurrentReceivables" xml:lang="en-US">Other current receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherCurrentReceivables" xml:lang="en-US">Other receivables (Note 11)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_OtherCurrentReceivables" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_OtherCurrentReceivables"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentPrepayments" xlink:label="loc_2I0HHGGF8208_ifrs-full_CurrentPrepayments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentPrepayments" xml:lang="en-US">Current prepayments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentPrepayments" xml:lang="en-US">Prepayments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CurrentPrepayments" xlink:to="lab_4K2JJIIH0420_ifrs-full_CurrentPrepayments"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CashAndCashEquivalents"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashAndCashEquivalents" xml:lang="en-US">Cash and cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashAndCashEquivalents" xml:lang="en-US">Cash and cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashAndCashEquivalents" xml:lang="en-US">Cash and cash equivalents as of 1 January</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashAndCashEquivalents" xml:lang="en-US">Cash and cash equivalents as of 31 December</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CashAndCashEquivalents" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CashAndCashEquivalents"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:label="loc_2I0HHGGF8208_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xml:lang="en-US">Current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xml:lang="en-US">Current assets, excluding assets held-for-sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="lab_4K2JJIIH0420_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xml:lang="en-US">Non-current assets or disposal groups classified as held for sale</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xml:lang="en-US">Assets held-for-sale (Note 23)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentAssets" xlink:label="loc_2I0HHGGF8208_ifrs-full_CurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentAssets" xml:lang="en-US">Current assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentAssets" xml:lang="en-US">Total current assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CurrentAssets" xlink:to="lab_4K2JJIIH0420_ifrs-full_CurrentAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Assets" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_Assets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Assets" xml:lang="en-US">Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Assets" xml:lang="en-US">TOTAL ASSETS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_Assets" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_Assets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityAndLiabilitiesAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_EquityAndLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_EquityAndLiabilitiesAbstract" xml:lang="en-US">Equity and liabilities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_EquityAndLiabilitiesAbstract" xml:lang="en-US">EQUITY AND LIABILITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_EquityAndLiabilitiesAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_EquityAndLiabilitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityAbstract" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_EquityAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_EquityAbstract" xml:lang="en-US">Equity [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_EquityAbstract" xml:lang="en-US">EQUITY</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_EquityAbstract" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_EquityAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IssuedCapital" xlink:label="loc_2I0HHGGF8208_ifrs-full_IssuedCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_IssuedCapital" xml:lang="en-US">Issued capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_IssuedCapital" xml:lang="en-US">Common shares (Note 13)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_IssuedCapital" xml:lang="en-US">Share capital</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_IssuedCapital" xlink:to="lab_4K2JJIIH0420_ifrs-full_IssuedCapital"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TreasuryShares" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_TreasuryShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_TreasuryShares" xml:lang="en-US">Treasury shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_TreasuryShares" xml:lang="en-US">Treasury shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_TreasuryShares" xml:lang="en-US">Total consideration for the treasury shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_TreasuryShares" xml:lang="en-US">Treasury shares (Note 13)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_TreasuryShares" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_TreasuryShares"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReserveOfCashFlowHedges" xlink:label="loc_2I0HHGGF8208_ifrs-full_ReserveOfCashFlowHedges"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ReserveOfCashFlowHedges" xml:lang="en-US">Reserve of cash flow hedges</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ReserveOfCashFlowHedges" xml:lang="en-US">Hedging reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ReserveOfCashFlowHedges" xlink:to="lab_4K2JJIIH0420_ifrs-full_ReserveOfCashFlowHedges"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xml:lang="en-US">Reserve of change in value of foreign currency basis spreads</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xml:lang="en-US">Translation reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RetainedEarnings" xlink:label="loc_2I0HHGGF8208_ifrs-full_RetainedEarnings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_RetainedEarnings" xml:lang="en-US">Retained earnings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_RetainedEarnings" xml:lang="en-US">Retained profit</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_RetainedEarnings" xlink:to="lab_4K2JJIIH0420_ifrs-full_RetainedEarnings"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Equity" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_Equity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Equity" xml:lang="en-US">Equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Equity" xml:lang="en-US">Raised equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Equity" xml:lang="en-US">Total equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Equity" xml:lang="en-US">Equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Equity" xml:lang="en-US">Equity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_Equity" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_Equity"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LiabilitiesAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_LiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_LiabilitiesAbstract" xml:lang="en-US">Liabilities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_LiabilitiesAbstract" xml:lang="en-US">LIABILITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_LiabilitiesAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_LiabilitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentLiabilitiesAbstract" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_NoncurrentLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentLiabilitiesAbstract" xml:lang="en-US">Non-current liabilities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentLiabilitiesAbstract" xml:lang="en-US">NON-CURRENT LIABILITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentLiabilitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="loc_2I0HHGGF8208_ifrs-full_DeferredTaxLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DeferredTaxLiabilities" xml:lang="en-US">Deferred tax liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DeferredTaxLiabilities" xml:lang="en-US">Deferred tax liability (Note 12)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DeferredTaxLiabilities" xlink:to="lab_4K2JJIIH0420_ifrs-full_DeferredTaxLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Borrowings" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_Borrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Borrowings" xml:lang="en-US">Borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Borrowings" xml:lang="en-US">Mortgage debt and bank loans (Note 2,15,16,18)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Borrowings" xml:lang="en-US">Increased interest-bearing debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Borrowings" xml:lang="en-US">Carrying value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_Borrowings" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_Borrowings"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentFinanceLeaseLiabilities" xlink:label="loc_2I0HHGGF8208_ifrs-full_NoncurrentFinanceLeaseLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NoncurrentFinanceLeaseLiabilities" xml:lang="en-US">Non-current finance lease liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NoncurrentFinanceLeaseLiabilities" xml:lang="en-US">Finance lease liabilities (Note 18,23)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NoncurrentFinanceLeaseLiabilities" xlink:to="lab_4K2JJIIH0420_ifrs-full_NoncurrentFinanceLeaseLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_NoncurrentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentLiabilities" xml:lang="en-US">Non-current liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentLiabilities" xml:lang="en-US">Total non-current liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_NoncurrentLiabilities" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_NoncurrentLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentLiabilitiesAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_CurrentLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentLiabilitiesAbstract" xml:lang="en-US">Current liabilities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentLiabilitiesAbstract" xml:lang="en-US">CURRENT LIABILITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CurrentLiabilitiesAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_CurrentLiabilitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CurrentPortionOfLongtermBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CurrentPortionOfLongtermBorrowings" xml:lang="en-US">Current portion of non-current borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CurrentPortionOfLongtermBorrowings" xml:lang="en-US">Mortgage debt and bank loans (Note 2,15,16,18)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CurrentPortionOfLongtermBorrowings"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentFinanceLeaseLiabilities" xlink:label="loc_2I0HHGGF8208_ifrs-full_CurrentFinanceLeaseLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentFinanceLeaseLiabilities" xml:lang="en-US">Current finance lease liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentFinanceLeaseLiabilities" xml:lang="en-US">Finance lease liabilities (Note 18,23)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CurrentFinanceLeaseLiabilities" xlink:to="lab_4K2JJIIH0420_ifrs-full_CurrentFinanceLeaseLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xml:lang="en-US">Current trade payables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xml:lang="en-US">Trade payables (Note 18)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:label="loc_2I0HHGGF8208_ifrs-full_CurrentTaxLiabilitiesCurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentTaxLiabilitiesCurrent" xml:lang="en-US">Current tax liabilities, current</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentTaxLiabilitiesCurrent" xml:lang="en-US">Current tax liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:to="lab_4K2JJIIH0420_ifrs-full_CurrentTaxLiabilitiesCurrent"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherCurrentLiabilities" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_OtherCurrentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherCurrentLiabilities" xml:lang="en-US">Other current liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherCurrentLiabilities" xml:lang="en-US">Other liabilities (Note 14,18)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherCurrentLiabilities" xml:lang="en-US">Balance as of 31 December</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherCurrentLiabilities" xml:lang="en-US">Balance as of 31 December</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_OtherCurrentLiabilities" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_OtherCurrentLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredIncomeClassifiedAsCurrent" xlink:label="loc_2I0HHGGF8208_ifrs-full_DeferredIncomeClassifiedAsCurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DeferredIncomeClassifiedAsCurrent" xml:lang="en-US">Deferred income classified as current</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DeferredIncomeClassifiedAsCurrent" xml:lang="en-US">Deferred income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DeferredIncomeClassifiedAsCurrent" xlink:to="lab_4K2JJIIH0420_ifrs-full_DeferredIncomeClassifiedAsCurrent"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentLiabilities" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CurrentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CurrentLiabilities" xml:lang="en-US">Current liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CurrentLiabilities" xml:lang="en-US">Total current liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CurrentLiabilities" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CurrentLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Liabilities" xlink:label="loc_2I0HHGGF8208_ifrs-full_Liabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_Liabilities" xml:lang="en-US">Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_Liabilities" xml:lang="en-US">Total liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_Liabilities" xlink:to="lab_4K2JJIIH0420_ifrs-full_Liabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityAndLiabilities" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_EquityAndLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_EquityAndLiabilities" xml:lang="en-US">Equity and liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_EquityAndLiabilities" xml:lang="en-US">TOTAL EQUITY AND LIABILITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_EquityAndLiabilities" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_EquityAndLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfChangesInEquityAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_StatementOfChangesInEquityAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_StatementOfChangesInEquityAbstract" xml:lang="en-US">Statement of changes in equity [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_StatementOfChangesInEquityAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_StatementOfChangesInEquityAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfChangesInEquityTable" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_StatementOfChangesInEquityTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_StatementOfChangesInEquityTable" xml:lang="en-US">Statement of changes in equity [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_StatementOfChangesInEquityTable" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_StatementOfChangesInEquityTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_ComponentsOfEquityAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ComponentsOfEquityAxis" xml:lang="en-US">Components of equity [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ComponentsOfEquityAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_ComponentsOfEquityAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IssuedCapitalMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_IssuedCapitalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IssuedCapitalMember" xml:lang="en-US">Issued capital [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IssuedCapitalMember" xml:lang="en-US">Common shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_IssuedCapitalMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_IssuedCapitalMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TreasurySharesMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_TreasurySharesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_TreasurySharesMember" xml:lang="en-US">Treasury shares [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_TreasurySharesMember" xml:lang="en-US">Treasury shares 3)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_TreasurySharesMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_TreasurySharesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReserveOfCashFlowHedgesMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ReserveOfCashFlowHedgesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ReserveOfCashFlowHedgesMember" xml:lang="en-US">Reserve of cash flow hedges [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ReserveOfCashFlowHedgesMember" xml:lang="en-US">Hedging reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ReserveOfCashFlowHedgesMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ReserveOfCashFlowHedgesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xml:lang="en-US">Reserve of change in value of foreign currency basis spreads [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xml:lang="en-US">Translation reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RetainedEarningsMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_RetainedEarningsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_RetainedEarningsMember" xml:lang="en-US">Retained earnings [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_RetainedEarningsMember" xml:lang="en-US">Retained profit</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_RetainedEarningsMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_RetainedEarningsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_EquityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_EquityMember" xml:lang="en-US">Equity [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_EquityMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_EquityMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfChangesInEquityLineItems" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_StatementOfChangesInEquityLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_StatementOfChangesInEquityLineItems" xml:lang="en-US">Statement of changes in equity [line items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_StatementOfChangesInEquityLineItems" xml:lang="en-US">Statement of changes in equity [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_StatementOfChangesInEquityLineItems" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_StatementOfChangesInEquityLineItems"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ChangesInStockHoldersEquityRollForward" xlink:label="loc_2I0HHGGF8208_trmd_ChangesInStockHoldersEquityRollForward"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ChangesInStockHoldersEquityRollForward" xml:lang="en-US">Changes In Stock Holders Equity Roll Forward [Roll Forward]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ChangesInStockHoldersEquityRollForward" xml:lang="en-US">Changes in Stockholders' Equity [Roll Forward]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ChangesInStockHoldersEquityRollForward" xml:lang="en-US">A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ChangesInStockHoldersEquityRollForward" xlink:to="lab_4K2JJIIH0420_trmd_ChangesInStockHoldersEquityRollForward"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_EquityBeforeReorganization" xlink:label="loc_I9G01G3G9932937HF776_trmd_EquityBeforeReorganization"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_EquityBeforeReorganization" xml:lang="en-US">Equity Before Reorganization</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_EquityBeforeReorganization" xml:lang="en-US">Balance as of 1 January 2015, as shown in the financial statements of TORM A/S</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_EquityBeforeReorganization" xml:lang="en-US">The value of equity before reorganization.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_EquityBeforeReorganization" xlink:to="lab_K1I23I5I1154159JH998_trmd_EquityBeforeReorganization"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_EffectOfReorganizationOnEquity" xlink:label="loc_2I0HHGGF8208_trmd_EffectOfReorganizationOnEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_EffectOfReorganizationOnEquity" xml:lang="en-US">Effect Of Reorganization On Equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_EffectOfReorganizationOnEquity" xml:lang="en-US">Effect as of 1 January 2015 of the Exchange Offer</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_EffectOfReorganizationOnEquity" xml:lang="en-US">The effect on the beginning balance of equity due to reorganization of entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_EffectOfReorganizationOnEquity" xlink:to="lab_4K2JJIIH0420_trmd_EffectOfReorganizationOnEquity"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComprehensiveIncomeAbstract" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ComprehensiveIncomeAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ComprehensiveIncomeAbstract" xml:lang="en-US">Comprehensive income/loss for the year:</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ComprehensiveIncomeAbstract" xml:lang="en-US">Comprehensive income/loss for the year:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ComprehensiveIncomeAbstract" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ComprehensiveIncomeAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" xlink:label="loc_2I0HHGGF8208_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" xml:lang="en-US">Increase (decrease) through change in equity of subsidiaries, equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" xml:lang="en-US">Shareholders' contribution</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" xlink:to="lab_4K2JJIIH0420_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xml:lang="en-US">Increase (decrease) through acquisition of subsidiary, equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xml:lang="en-US">Reverse acquisition of TORM A/S</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShareIssueRelatedCost" xlink:label="loc_2I0HHGGF8208_ifrs-full_ShareIssueRelatedCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ShareIssueRelatedCost" xml:lang="en-US">Share issue related cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ShareIssueRelatedCost" xml:lang="en-US">Transaction costs share issue</label>
<label xlink:type="resource" xlink:label="lab_4K2JJIIH0420_ifrs-full_ShareIssueRelatedCost" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US">Transaction costs share issue</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ShareIssueRelatedCost" xlink:to="lab_4K2JJIIH0420_ifrs-full_ShareIssueRelatedCost"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PurchaseOfTreasuryShares" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_PurchaseOfTreasuryShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_PurchaseOfTreasuryShares" xml:lang="en-US">Purchase of treasury shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_PurchaseOfTreasuryShares" xml:lang="en-US">Acquisition treasury shares, cost</label>
<label xlink:type="resource" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_PurchaseOfTreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US">Acquisition of treasury shares, cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_PurchaseOfTreasuryShares" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_PurchaseOfTreasuryShares"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ChangesInEquity" xlink:label="loc_2I0HHGGF8208_ifrs-full_ChangesInEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ChangesInEquity" xml:lang="en-US">Increase (decrease) in equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ChangesInEquity" xml:lang="en-US">Total changes in equity 2015, 2016, 2017</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ChangesInEquity" xml:lang="en-US">Total changes in equity 2015, 2016 and 2017</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ChangesInEquity" xlink:to="lab_4K2JJIIH0420_ifrs-full_ChangesInEquity"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xml:lang="en-US">Corporate Reorganization TORM plc</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AcquisitionOfNonControllingInterest" xlink:label="loc_2I0HHGGF8208_trmd_AcquisitionOfNonControllingInterest"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AcquisitionOfNonControllingInterest" xml:lang="en-US">Acquisition Of Non Controlling Interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_AcquisitionOfNonControllingInterest" xml:lang="en-US">Acquisition of outstanding shares in TORM A/S, cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_AcquisitionOfNonControllingInterest" xml:lang="en-US">Represents the acquisition of remaining minority shareholders of subsidiary.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AcquisitionOfNonControllingInterest" xlink:to="lab_4K2JJIIH0420_trmd_AcquisitionOfNonControllingInterest"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xml:lang="en-US">Increase (decrease) through share-based payment transactions, equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xml:lang="en-US">Share-based compensation</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DividendsPaid" xlink:label="loc_2I0HHGGF8208_ifrs-full_DividendsPaid"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DividendsPaid" xml:lang="en-US">Dividends recognised as distributions to owners</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DividendsPaid" xml:lang="en-US">Dividend paid</label>

<label xlink:type="resource" xlink:label="lab_4K2JJIIH0420_ifrs-full_DividendsPaid" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US">Dividend paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DividendsPaid" xlink:to="lab_4K2JJIIH0420_ifrs-full_DividendsPaid"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ParValuePerShare" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ParValuePerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ParValuePerShare" xml:lang="en-US">Par value per share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ParValuePerShare" xml:lang="en-US">Par value of common shares (in DKK)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ParValuePerShare" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ParValuePerShare"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfCashFlowsAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_StatementOfCashFlowsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_StatementOfCashFlowsAbstract" xml:lang="en-US">Statement of cash flows [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_StatementOfCashFlowsAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_StatementOfCashFlowsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xml:lang="en-US">Cash flows from (used in) operating activities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xml:lang="en-US">CASH FLOW FROM OPERATING ACTIVITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForReconcileProfitLossAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xml:lang="en-US">Adjustments to reconcile profit (loss) [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xml:lang="en-US">Adjustments:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForReconcileProfitLossAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xml:lang="en-US">Adjustments for losses (gains) on disposal of non-current assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xml:lang="en-US">Reversal of profit from sale of vessels (Note 23)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForDepreciationExpense" xlink:label="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForDepreciationExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForDepreciationExpense" xml:lang="en-US">Adjustments for depreciation expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForDepreciationExpense" xml:lang="en-US">Reversal of depreciation (Note 7)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForDepreciationExpense" xlink:to="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForDepreciationExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xml:lang="en-US">Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xml:lang="en-US">Reversal of impairment loss on tangible and intangible assets (Note 6, 7, 8)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:label="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xml:lang="en-US">Adjustments for gain (loss) on disposal of investments in subsidiaries, joint ventures and associates</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xml:lang="en-US">Reversal of share of profit/(loss) from joint ventures</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xml:lang="en-US">Reversal of share of profit/(loss) from joint ventures</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForFinanceIncome" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AdjustmentsForFinanceIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForFinanceIncome" xml:lang="en-US">Adjustments for finance income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForFinanceIncome" xml:lang="en-US">Reversal of financial income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForFinanceIncome" xml:lang="en-US">Reversal of financial income (Note 9)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AdjustmentsForFinanceIncome" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForFinanceIncome"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForFinanceCosts" xlink:label="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForFinanceCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForFinanceCosts" xml:lang="en-US">Adjustments for finance costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForFinanceCosts" xml:lang="en-US">Reversal of financial expenses (Note 9)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForFinanceCosts" xlink:to="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForFinanceCosts"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AdjustmentsForIncomeTaxExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForIncomeTaxExpense" xml:lang="en-US">Adjustments for income tax expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForIncomeTaxExpense" xml:lang="en-US">Reversal of tax expenses (Note 12)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForIncomeTaxExpense"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OtherAdjustmentsForNon-CashItems" xlink:label="loc_2I0HHGGF8208_trmd_OtherAdjustmentsForNon-CashItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OtherAdjustmentsForNon-CashItems" xml:lang="en-US">Other Adjustments For Non-Cash Items</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OtherAdjustmentsForNon-CashItems" xml:lang="en-US">Reversal of other non-cash movements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OtherAdjustmentsForNon-CashItems" xml:lang="en-US">Adjustments for non-cash items to reconcile profit (loss) to net cash flow from (used in) operating activities that the entity does not separately disclose in the same statement or note.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_4K2JJIIH0420_trmd_OtherAdjustmentsForNon-CashItems" xml:lang="en-US">Reversal of other non-cash movements (Note 24)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OtherAdjustmentsForNon-CashItems" xlink:to="lab_4K2JJIIH0420_trmd_OtherAdjustmentsForNon-CashItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xml:lang="en-US">Dividends received, classified as operating activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xml:lang="en-US">Dividends received from joint ventures</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:label="loc_2I0HHGGF8208_ifrs-full_InterestReceivedClassifiedAsOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xml:lang="en-US">Interest received, classified as operating activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xml:lang="en-US">Interest received and realized exchange gains</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:to="lab_4K2JJIIH0420_ifrs-full_InterestReceivedClassifiedAsOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_InterestPaidClassifiedAsOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xml:lang="en-US">Interest paid, classified as operating activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xml:lang="en-US">Interest paid and realized exchange losses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xml:lang="en-US">Interest paid and realized exchange losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_InterestPaidClassifiedAsOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:label="loc_2I0HHGGF8208_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xml:lang="en-US">Income taxes paid, classified as operating activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xml:lang="en-US">Income taxes paid</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xml:lang="en-US">Income taxes paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:to="lab_4K2JJIIH0420_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseInWorkingCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseInWorkingCapital" xml:lang="en-US">Increase (decrease) in working capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseInWorkingCapital" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseInWorkingCapital" xml:lang="en-US">Change in bunkers, receivables and payables, etc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseInWorkingCapital" xml:lang="en-US">Change in bunkers, receivables and payables, etc. (Note 24)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseInWorkingCapital"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="loc_2I0HHGGF8208_ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CashFlowsFromUsedInOperatingActivities" xml:lang="en-US">Cash flows from (used in) operating activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CashFlowsFromUsedInOperatingActivities" xml:lang="en-US">Net cash flow from operating activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_4K2JJIIH0420_ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xml:lang="en-US">Cash flows from (used in) investing activities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xml:lang="en-US">CASH FLOW FROM INVESTING ACTIVITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="loc_2I0HHGGF8208_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US">Purchase of property, plant and equipment, classified as investing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US">Investment in tangible fixed assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US">Investment in tangible fixed assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="lab_4K2JJIIH0420_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xml:lang="en-US">Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xml:lang="en-US">Cash from business combination</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xml:lang="en-US">Cash from business combination</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="loc_2I0HHGGF8208_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US">Proceeds from sales of property, plant and equipment, classified as investing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US">Sale of tangible fixed assets (Note 23)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="lab_4K2JJIIH0420_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashFlowsFromUsedInInvestingActivities" xml:lang="en-US">Cash flows from (used in) investing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashFlowsFromUsedInInvestingActivities" xml:lang="en-US">Net cash flow from investing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xml:lang="en-US">Cash flows from (used in) financing activities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xml:lang="en-US">CASH FLOW FROM FINANCING ACTIVITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US">Proceeds from borrowings, classified as financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US">Borrowing, mortgage debt</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ProceedsFromSaleAndLeasebackTransactions" xlink:label="loc_2I0HHGGF8208_trmd_ProceedsFromSaleAndLeasebackTransactions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ProceedsFromSaleAndLeasebackTransactions" xml:lang="en-US">Proceeds From Sale And Leaseback Transactions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ProceedsFromSaleAndLeasebackTransactions" xml:lang="en-US">Borrowing, sale and leaseback transactions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ProceedsFromSaleAndLeasebackTransactions" xml:lang="en-US">The cash inflow from sale and leaseback transactions.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ProceedsFromSaleAndLeasebackTransactions" xlink:to="lab_4K2JJIIH0420_trmd_ProceedsFromSaleAndLeasebackTransactions"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US">Repayments of borrowings, classified as financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US">Repayment/redemption, mortgage debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US">Repayment/redemption, mortgage debt</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="loc_2I0HHGGF8208_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="en-US">Payments of finance lease liabilities, classified as financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="en-US">Repayment/redemption, finance lease liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="en-US">Repayment/redemption, finance lease liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="lab_4K2JJIIH0420_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DividendsPaidClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xml:lang="en-US">Dividends paid, classified as financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xml:lang="en-US">Dividend paid</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xml:lang="en-US">Dividend paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DividendsPaidClassifiedAsFinancingActivities"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_Acquisitionofnoncontrollinginterestofsubsidiary" xlink:label="loc_2I0HHGGF8208_trmd_Acquisitionofnoncontrollinginterestofsubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_Acquisitionofnoncontrollinginterestofsubsidiary" xml:lang="en-US">Acquisitionofnoncontrollinginterestofsubsidiary</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_Acquisitionofnoncontrollinginterestofsubsidiary" xml:lang="en-US">Acquisition of outstanding shares in TORM A/S</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_4K2JJIIH0420_trmd_Acquisitionofnoncontrollinginterestofsubsidiary" xml:lang="en-US">Acquisition of outstanding shares in TORM A/S</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_Acquisitionofnoncontrollinginterestofsubsidiary" xlink:to="lab_4K2JJIIH0420_trmd_Acquisitionofnoncontrollinginterestofsubsidiary"/><label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_Acquisitionofnoncontrollinginterestofsubsidiary" xml:lang="en-US">Represents the amount of cash outflow attributed to the acquisition of non-controlling interest of susbidiary.</label>

<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xml:lang="en-US">Payments from changes in ownership interests in subsidiaries that do not result in loss of control</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xml:lang="en-US">Shareholders' contribution</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xml:lang="en-US">Shareholders' contribution</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PaymentsForShareIssueCosts" xlink:label="loc_2I0HHGGF8208_ifrs-full_PaymentsForShareIssueCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_PaymentsForShareIssueCosts" xml:lang="en-US">Payments for share issue costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_PaymentsForShareIssueCosts" xml:lang="en-US">Transaction costs share issue</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_PaymentsForShareIssueCosts" xml:lang="en-US">Transaction costs share issue</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_PaymentsForShareIssueCosts" xlink:to="lab_4K2JJIIH0420_ifrs-full_PaymentsForShareIssueCosts"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PurchaseOrIssueOFtreasuryShares" xlink:label="loc_I9G01G3G9932937HF776_trmd_PurchaseOrIssueOFtreasuryShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PurchaseOrIssueOFtreasuryShares" xml:lang="en-US">Purchase Or Issue Of Treasury Shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PurchaseOrIssueOFtreasuryShares" xml:lang="en-US">Purchase/disposal of treasury shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PurchaseOrIssueOFtreasuryShares" xml:lang="en-US">The increase (decrease) in equity resulting from the purchase or issue of treasury shares.</label>
<label xlink:type="resource" xlink:label="lab_K1I23I5I1154159JH998_trmd_PurchaseOrIssueOFtreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US">Purchase/disposal of treasury shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PurchaseOrIssueOFtreasuryShares" xlink:to="lab_K1I23I5I1154159JH998_trmd_PurchaseOrIssueOFtreasuryShares"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="loc_2I0HHGGF8208_ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CashFlowsFromUsedInFinancingActivities" xml:lang="en-US">Cash flows from (used in) financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CashFlowsFromUsedInFinancingActivities" xml:lang="en-US">Net cash flow from financing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_4K2JJIIH0420_ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xml:lang="en-US">Increase (decrease) in cash and cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xml:lang="en-US">Net cash flow from operating, investing and financing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfAccountingPoliciesCriticalAccountingEstimatesAndJudgementsAbstract" xlink:label="loc_2I0HHGGF8208_trmd_DisclosureOfAccountingPoliciesCriticalAccountingEstimatesAndJudgementsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfAccountingPoliciesCriticalAccountingEstimatesAndJudgementsAbstract" xml:lang="en-US">Disclosure Of Accounting Policies Critical Accounting Estimates And Judgements [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfAccountingPoliciesCriticalAccountingEstimatesAndJudgementsAbstract" xml:lang="en-US">CASH FLOW STATEMENT</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DisclosureOfAccountingPoliciesCriticalAccountingEstimatesAndJudgementsAbstract" xlink:to="lab_4K2JJIIH0420_trmd_DisclosureOfAccountingPoliciesCriticalAccountingEstimatesAndJudgementsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory" xml:lang="en-US">Disclosure of changes in accounting policies, accounting estimates and errors [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory" xml:lang="en-US">ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateAbstract" xlink:label="loc_2I0HHGGF8208_trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateAbstract" xml:lang="en-US">Disclosure Of Information About Understanding Financial Position Liquidity Of Entity And Events After Reporting Date [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateAbstract" xlink:to="lab_4K2JJIIH0420_trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateTextBlock" xlink:label="loc_I9G01G3G9932937HF776_trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateTextBlock" xml:lang="en-US">Disclosure Of Information About Understanding Financial Position Liquidity Of Entity And Events After Reporting Date [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateTextBlock" xml:lang="en-US">LIQUIDITY, CAPITAL RESOURCES AND SUBSEQUENT EVENTS</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateTextBlock" xml:lang="en-US">The disclosure of information that may be relevant to users of financial statements in understanding the financial position, liquidity of an entity and events after reporting date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateTextBlock" xlink:to="lab_K1I23I5I1154159JH998_trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfOperatingSegmentsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfOperatingSegmentsAbstract" xml:lang="en-US">Disclosure of operating segments [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfOperatingSegmentsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfOperatingSegmentsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xml:lang="en-US">Disclosure of operating segments [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xml:lang="en-US">CONSOLIDATED SEGMENT INFORMATION</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfOperatingSegmentsExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfEmployeeBenefitsAbstract" xlink:label="loc_2I0HHGGF8208_trmd_DisclosureOfEmployeeBenefitsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfEmployeeBenefitsAbstract" xml:lang="en-US">Disclosure Of Employee Benefits [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DisclosureOfEmployeeBenefitsAbstract" xlink:to="lab_4K2JJIIH0420_trmd_DisclosureOfEmployeeBenefitsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xml:lang="en-US">Disclosure of employee benefits [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xml:lang="en-US">STAFF COSTS</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfIntangibleAssetsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xml:lang="en-US">Disclosure of intangible assets [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xml:lang="en-US">INTANGIBLE ASSETS</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xml:lang="en-US">TANGIBLE FIXED ASSETS</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitAbstract" xml:lang="en-US">Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory" xml:lang="en-US">Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory" xml:lang="en-US">IMPAIRMENT TESTING</label>
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<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_FinancialItemsAbstract" xlink:label="loc_2I0HHGGF8208_trmd_FinancialItemsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_FinancialItemsAbstract" xml:lang="en-US">Financial Items [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_FinancialItemsAbstract" xml:lang="en-US">Disclosure of information about financial items.</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xml:lang="en-US">Disclosure of finance income (cost) [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xml:lang="en-US">FINANCIAL ITEMS</label>
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<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_FreightReceivablesAbstract" xlink:label="loc_2I0HHGGF8208_trmd_FreightReceivablesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_FreightReceivablesAbstract" xml:lang="en-US">Freight Receivables [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_FreightReceivablesAbstract" xml:lang="en-US">Represents freight receivables.</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" xml:lang="en-US">Disclosure of trade and other receivables [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" xml:lang="en-US">FREIGHT RECEIVABLES</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TradeAndOtherReceivablesAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_TradeAndOtherReceivablesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_TradeAndOtherReceivablesAbstract" xml:lang="en-US">Trade and other receivables [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_TradeAndOtherReceivablesAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_TradeAndOtherReceivablesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfOtherCurrentAssetsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfOtherCurrentAssetsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfOtherCurrentAssetsExplanatory" xml:lang="en-US">Disclosure of other current assets [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfOtherCurrentAssetsExplanatory" xml:lang="en-US">OTHER RECEIVABLES</label>
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<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfIncomeTaxAbstract" xlink:label="loc_2I0HHGGF8208_trmd_DisclosureOfIncomeTaxAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfIncomeTaxAbstract" xml:lang="en-US">Disclosure Of Income Tax [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DisclosureOfIncomeTaxAbstract" xlink:to="lab_4K2JJIIH0420_trmd_DisclosureOfIncomeTaxAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfIncomeTaxExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfIncomeTaxExplanatory" xml:lang="en-US">Disclosure of income tax [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfIncomeTaxExplanatory" xml:lang="en-US">TAX</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract" xml:lang="en-US">Disclosure of classes of share capital [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xml:lang="en-US">Disclosure of share capital, reserves and other equity interest [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xml:lang="en-US">COMMON SHARES &amp; TREASURY SHARES</label>
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<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfOtherLiabilitiesAbstract" xlink:label="loc_2I0HHGGF8208_trmd_DisclosureOfOtherLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfOtherLiabilitiesAbstract" xml:lang="en-US">Disclosure Of Other Liabilities [Abstract]</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfOtherLiabilitiesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xml:lang="en-US">Disclosure of other liabilities [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xml:lang="en-US">OTHER LIABILITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfOtherLiabilitiesExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansAbstract" xlink:label="loc_2I0HHGGF8208_trmd_DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansAbstract" xml:lang="en-US">Disclosure Of Effective Interest Rate, Outstanding Mortgage Debt And Bank Loans [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansAbstract" xml:lang="en-US">Disclosure of Effective Interest Rate, Outstanding Mortgage Debt And Bank Loans [Abstract]</label>
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<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansExplanatoryTextBlock" xlink:label="loc_I9G01G3G9932937HF776_trmd_DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansExplanatoryTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansExplanatoryTextBlock" xml:lang="en-US">Disclosure Of Effective Interest Rate Outstanding Mortgage Debt And Bank Loans Explanatory [Text Block]</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfNatureAndExtentOfSignificantRisksExplanatoryTextBlock" xml:lang="en-US">RISKS ASSOCIATED WITH TORM'S ACTIVITIES</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xml:lang="en-US">FINANCIAL INSTRUMENTS</label>
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<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfNoncurrentAssetsSoldDuringYearAbstract" xlink:label="loc_2I0HHGGF8208_trmd_DisclosureOfNoncurrentAssetsSoldDuringYearAbstract"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfEarningsPerShareAndDividendPerShareTextBlock" xml:lang="en-US">Represents the entire disclosure of earnings per share and dividend per share.</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfBusinessCombinationsAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfBusinessCombinationsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfBusinessCombinationsAbstract" xml:lang="en-US">Disclosure of detailed information about business combination [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfBusinessCombinationsAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfBusinessCombinationsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfBusinessCombinationsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xml:lang="en-US">Disclosure of business combinations [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xml:lang="en-US">BUSINESS COMBINATIONS IN 2015</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfBusinessCombinationsExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DescriptionOfAccountingPolicyForPrinciplesOfConsolidationExplanatoryPolicyTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_DescriptionOfAccountingPolicyForPrinciplesOfConsolidationExplanatoryPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForPrinciplesOfConsolidationExplanatoryPolicyTextBlock" xml:lang="en-US">Description Of Accounting Policy For Principles Of Consolidation Explanatory [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForPrinciplesOfConsolidationExplanatoryPolicyTextBlock" xml:lang="en-US">Consolidation principles</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForPrinciplesOfConsolidationExplanatoryPolicyTextBlock" xml:lang="en-US">The description of the entity's accounting policy for principles of consolidation.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DescriptionOfAccountingPolicyForPrinciplesOfConsolidationExplanatoryPolicyTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForPrinciplesOfConsolidationExplanatoryPolicyTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xml:lang="en-US">Description of accounting policy for business combinations [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xml:lang="en-US">Business combinations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:label="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xml:lang="en-US">Description of accounting policy for foreign currency translation [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xml:lang="en-US">Foreign currencies</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:to="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory" xml:lang="en-US">Description of accounting policy for derivative financial instruments [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory" xml:lang="en-US">Derivative financial instruments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:label="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xml:lang="en-US">Description of accounting policy for segment reporting [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xml:lang="en-US">Segment information</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:to="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xml:lang="en-US">Description of accounting policy for employee benefits [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xml:lang="en-US">Employee benefits</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DescriptionOfAccountingPolicyForPensionPlanExplanatoryPolicyTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_DescriptionOfAccountingPolicyForPensionPlanExplanatoryPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForPensionPlanExplanatoryPolicyTextBlock" xml:lang="en-US">Description Of Accounting Policy For Pension Plan Explanatory [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForPensionPlanExplanatoryPolicyTextBlock" xml:lang="en-US">Pension plans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForPensionPlanExplanatoryPolicyTextBlock" xml:lang="en-US">The description of the entity's accounting policy for pension plan.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DescriptionOfAccountingPolicyForPensionPlanExplanatoryPolicyTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForPensionPlanExplanatoryPolicyTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xml:lang="en-US">Description of accounting policy for leases [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xml:lang="en-US">Leases</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:label="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xml:lang="en-US">Description of accounting policy for recognition of revenue [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xml:lang="en-US">Revenue</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:to="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory" xml:lang="en-US">Description of accounting policy for expenses [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory" xml:lang="en-US">Operating expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DescriptionOfAccountingPolicyForDepreciationAndImpairmentLossExplanatory" xlink:label="loc_2I0HHGGF8208_trmd_DescriptionOfAccountingPolicyForDepreciationAndImpairmentLossExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForDepreciationAndImpairmentLossExplanatory" xml:lang="en-US">Description Of Accounting Policy For Depreciation And Impairment Loss Explanatory</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForDepreciationAndImpairmentLossExplanatory" xml:lang="en-US">Depreciation and impairment losses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForDepreciationAndImpairmentLossExplanatory" xml:lang="en-US">The description of the entity's accounting policy for depreciation and impairment.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DescriptionOfAccountingPolicyForDepreciationAndImpairmentLossExplanatory" xlink:to="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForDepreciationAndImpairmentLossExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory" xml:lang="en-US">Description of accounting policy for finance income and costs [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory" xml:lang="en-US">Financial income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xlink:label="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xml:lang="en-US">Description of accounting policy for finance costs [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xml:lang="en-US">Financial expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory" xlink:to="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xml:lang="en-US">Description of accounting policy for income tax [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xml:lang="en-US">Tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" xlink:label="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" xml:lang="en-US">Description of accounting policy for goodwill [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" xml:lang="en-US">Goodwill</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" xlink:to="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xml:lang="en-US">Description of accounting policy for property, plant and equipment [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xml:lang="en-US">Vessels</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForInvestmentsInJointVentures" xlink:label="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForInvestmentsInJointVentures"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForInvestmentsInJointVentures" xml:lang="en-US">Description of accounting policy for investments in joint ventures [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForInvestmentsInJointVentures" xml:lang="en-US">Investments in joint ventures</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForInvestmentsInJointVentures" xlink:to="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForInvestmentsInJointVentures"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xml:lang="en-US">Description of accounting policy for financial assets [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xml:lang="en-US">Financial assets</label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory" xlink:label="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory" xml:lang="en-US">Description of accounting policy for available-for-sale financial assets [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory" xml:lang="en-US">Other investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory" xlink:to="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xml:lang="en-US">Description of accounting policy for trade and other receivables [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xml:lang="en-US">Receivables</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DescriptionOfAccountingPolicyForProvisionForBadDebtExplanatoryPolicyTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_DescriptionOfAccountingPolicyForProvisionForBadDebtExplanatoryPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForProvisionForBadDebtExplanatoryPolicyTextBlock" xml:lang="en-US">Description Of Accounting Policy For Provision For Bad Debt Explanatory [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForProvisionForBadDebtExplanatoryPolicyTextBlock" xml:lang="en-US">Provisions for bad debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForProvisionForBadDebtExplanatoryPolicyTextBlock" xml:lang="en-US">The description of the entity's accounting policy for provisions for bad debt.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DescriptionOfAccountingPolicyForProvisionForBadDebtExplanatoryPolicyTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForProvisionForBadDebtExplanatoryPolicyTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory" xml:lang="en-US">Description of accounting policy for impairment of assets [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory" xml:lang="en-US">Impairment of assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:label="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xml:lang="en-US">Description of accounting policy for measuring inventories [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xml:lang="en-US">Bunkers</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:to="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xml:lang="en-US">Description of accounting policy for non-current assets or disposal groups classified as held for sale [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xml:lang="en-US">Assets held-for-sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:label="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xml:lang="en-US">Description of accounting policy for treasury shares [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xml:lang="en-US">Treasury shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:to="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xml:lang="en-US">Description of accounting policy for share-based payment transactions [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xml:lang="en-US">Share-based payments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForDividendsExplanatory" xlink:label="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForDividendsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForDividendsExplanatory" xml:lang="en-US">Description of accounting policy for dividends [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForDividendsExplanatory" xml:lang="en-US">Dividend</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForDividendsExplanatory" xlink:to="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForDividendsExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xml:lang="en-US">Description of accounting policy for provisions [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xml:lang="en-US">Provisions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory" xlink:label="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory" xml:lang="en-US">Description of accounting policy for deferred income tax [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory" xml:lang="en-US">Deferred tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory" xlink:to="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xml:lang="en-US">Description of accounting policy for borrowings [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xml:lang="en-US">Mortgage debt and bank loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatoryPolicyTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatoryPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatoryPolicyTextBlock" xml:lang="en-US">Description Of Accounting Policy For Other Liabilities Explanatory [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatoryPolicyTextBlock" xml:lang="en-US">Other liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatoryPolicyTextBlock" xml:lang="en-US">The description of the entity's accounting policy for otherl liabilities.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatoryPolicyTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatoryPolicyTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForCashFlowsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForCashFlowsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForCashFlowsExplanatory" xml:lang="en-US">Description of accounting policy for cash flows [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForCashFlowsExplanatory" xml:lang="en-US">CASH FLOW STATEMENT</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DescriptionOfAccountingPolicyForCashFlowsExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DescriptionOfAccountingPolicyForCashFlowsExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xlink:label="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xml:lang="en-US">Description of accounting policy for earnings per share [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xml:lang="en-US">EARNINGS PER SHARE</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xlink:to="lab_4K2JJIIH0420_ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory" xml:lang="en-US">Disclosure of accounting judgements and estimates [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory" xml:lang="en-US">CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfOperatingSegmentsTableTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_DisclosureOfOperatingSegmentsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfOperatingSegmentsTableTextBlock" xml:lang="en-US">Disclosure Of Operating Segments [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfOperatingSegmentsTableTextBlock" xml:lang="en-US">Schedule of operating segments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfOperatingSegmentsTableTextBlock" xml:lang="en-US">The tabular disclosure of operating segments of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DisclosureOfOperatingSegmentsTableTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_DisclosureOfOperatingSegmentsTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfStaffCostAbstract" xlink:label="loc_I9G01G3G9932937HF776_trmd_DisclosureOfStaffCostAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfStaffCostAbstract" xml:lang="en-US">Disclosure Of Staff Cost [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfStaffCostAbstract" xml:lang="en-US">Represents Disclosure of staff cost.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DisclosureOfStaffCostAbstract" xlink:to="lab_K1I23I5I1154159JH998_trmd_DisclosureOfStaffCostAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfStaffCostsAndAverageNumberOfEmployeesTableTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_ScheduleOfStaffCostsAndAverageNumberOfEmployeesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfStaffCostsAndAverageNumberOfEmployeesTableTextBlock" xml:lang="en-US">Schedule Of Staff Costs And Average Number Of Employees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfStaffCostsAndAverageNumberOfEmployeesTableTextBlock" xml:lang="en-US">Schedule of staff costs and average number of employees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfStaffCostsAndAverageNumberOfEmployeesTableTextBlock" xml:lang="en-US">Represents the tabular disclosure associated with staff costs and average number of employees of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ScheduleOfStaffCostsAndAverageNumberOfEmployeesTableTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_ScheduleOfStaffCostsAndAverageNumberOfEmployeesTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfTerminationBenefitsByTitleOfIndividualTableTextBlock" xlink:label="loc_I9G01G3G9932937HF776_trmd_ScheduleOfTerminationBenefitsByTitleOfIndividualTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfTerminationBenefitsByTitleOfIndividualTableTextBlock" xml:lang="en-US">Schedule Of Termination Benefits By Title Of Individual [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfTerminationBenefitsByTitleOfIndividualTableTextBlock" xml:lang="en-US">Schedule of termination benefits by title of individual</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfTerminationBenefitsByTitleOfIndividualTableTextBlock" xml:lang="en-US">Represents the tabular disclosure associated with termination benefits by title of individual of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ScheduleOfTerminationBenefitsByTitleOfIndividualTableTextBlock" xlink:to="lab_K1I23I5I1154159JH998_trmd_ScheduleOfTerminationBenefitsByTitleOfIndividualTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfKeyManagementPersonnelCompensationTableTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_ScheduleOfKeyManagementPersonnelCompensationTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfKeyManagementPersonnelCompensationTableTextBlock" xml:lang="en-US">Schedule Of Key Management Personnel Compensation [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfKeyManagementPersonnelCompensationTableTextBlock" xml:lang="en-US">Schedule of key management personnel compensation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfKeyManagementPersonnelCompensationTableTextBlock" xml:lang="en-US">The tabular disclosure of key management personnel compensation.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ScheduleOfKeyManagementPersonnelCompensationTableTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_ScheduleOfKeyManagementPersonnelCompensationTableTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xml:lang="en-US">Disclosure of number and weighted average exercise prices of other equity instruments [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xml:lang="en-US">Schedule of staff costs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfReconciliationNumberOfOtherEquityAInstrumentsTableTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_ScheduleOfReconciliationNumberOfOtherEquityAInstrumentsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfReconciliationNumberOfOtherEquityAInstrumentsTableTextBlock" xml:lang="en-US">Schedule Of Reconciliation Number Of Other Equity A Instruments [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfReconciliationNumberOfOtherEquityAInstrumentsTableTextBlock" xml:lang="en-US">Schedule of reconciliation number of other equity instruments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfReconciliationNumberOfOtherEquityAInstrumentsTableTextBlock" xml:lang="en-US">Represents the tabular disclosure for reconciliation of number of other equity instruments (ie other than share options) outstanding in share-based payment arrangement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ScheduleOfReconciliationNumberOfOtherEquityAInstrumentsTableTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_ScheduleOfReconciliationNumberOfOtherEquityAInstrumentsTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfAuditorRemunerationTableTextBlock" xlink:label="loc_I9G01G3G9932937HF776_trmd_ScheduleOfAuditorRemunerationTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfAuditorRemunerationTableTextBlock" xml:lang="en-US">Schedule Of Auditor Remuneration [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfAuditorRemunerationTableTextBlock" xml:lang="en-US">Schedule of auditor remuneration</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfAuditorRemunerationTableTextBlock" xml:lang="en-US">Represents the tabular disclosure of auditor remuneration.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ScheduleOfAuditorRemunerationTableTextBlock" xlink:to="lab_K1I23I5I1154159JH998_trmd_ScheduleOfAuditorRemunerationTableTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xml:lang="en-US">Disclosure of reconciliation of changes in intangible assets and goodwill [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xml:lang="en-US">Schedule of reconciliation of changes in intangible assets and goodwill</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfTangibleFixedAssetsTableTextBlock" xlink:label="loc_I9G01G3G9932937HF776_trmd_ScheduleOfTangibleFixedAssetsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfTangibleFixedAssetsTableTextBlock" xml:lang="en-US">Schedule Of Tangible Fixed Assets [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfTangibleFixedAssetsTableTextBlock" xml:lang="en-US">Schedule of tangible fixed assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfTangibleFixedAssetsTableTextBlock" xml:lang="en-US">Tabular disclosure of tangible fixed assets.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ScheduleOfTangibleFixedAssetsTableTextBlock" xlink:to="lab_K1I23I5I1154159JH998_trmd_ScheduleOfTangibleFixedAssetsTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfFinanceIncomeCostsTableTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_ScheduleOfFinanceIncomeCostsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfFinanceIncomeCostsTableTextBlock" xml:lang="en-US">Schedule Of Finance Income Costs [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfFinanceIncomeCostsTableTextBlock" xml:lang="en-US">Schedule of finance income costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfFinanceIncomeCostsTableTextBlock" xml:lang="en-US">Tabular disclosure of finance income (cost).</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ScheduleOfFinanceIncomeCostsTableTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_ScheduleOfFinanceIncomeCostsTableTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory" xml:lang="en-US">Disclosure of financial assets that are either past due or impaired [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory" xml:lang="en-US">Schedule of individually determined to be impaired to a value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfMovmentInProvisionsForImpairmentOfFreightReceivablesTableTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_ScheduleOfMovmentInProvisionsForImpairmentOfFreightReceivablesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfMovmentInProvisionsForImpairmentOfFreightReceivablesTableTextBlock" xml:lang="en-US">Schedule Of Movment In Provisions For Impairment Of Freight Receivables [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfMovmentInProvisionsForImpairmentOfFreightReceivablesTableTextBlock" xml:lang="en-US">Schedule of movment in provisions for impairment of freight receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfMovmentInProvisionsForImpairmentOfFreightReceivablesTableTextBlock" xml:lang="en-US">Represents the tabular disclosure of movements in provisions for impairment of freight receivables.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ScheduleOfMovmentInProvisionsForImpairmentOfFreightReceivablesTableTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_ScheduleOfMovmentInProvisionsForImpairmentOfFreightReceivablesTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfOtherCurrentReceivablesTableTextBlock" xlink:label="loc_I9G01G3G9932937HF776_trmd_ScheduleOfOtherCurrentReceivablesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfOtherCurrentReceivablesTableTextBlock" xml:lang="en-US">Schedule Of Other Current Receivables [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfOtherCurrentReceivablesTableTextBlock" xml:lang="en-US">Schedule of other current receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfOtherCurrentReceivablesTableTextBlock" xml:lang="en-US">Represents the tabular disclosure of other current receivables.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ScheduleOfOtherCurrentReceivablesTableTextBlock" xlink:to="lab_K1I23I5I1154159JH998_trmd_ScheduleOfOtherCurrentReceivablesTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfIncomeTaxTableTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_ScheduleOfIncomeTaxTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfIncomeTaxTableTextBlock" xml:lang="en-US">Schedule Of Income Tax [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfIncomeTaxTableTextBlock" xml:lang="en-US">Schedule of income tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ScheduleOfIncomeTaxTableTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_ScheduleOfIncomeTaxTableTextBlock"/><label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfIncomeTaxTableTextBlock" xml:lang="en-US">Represents the tabular disclosure for income taxes.</label>

<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfDeferredTaxesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfDeferredTaxesExplanatory" xml:lang="en-US">Disclosure of deferred taxes [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfDeferredTaxesExplanatory" xml:lang="en-US">Schedule of deferred taxes</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfDeferredTaxesExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xml:lang="en-US">Disclosure of classes of share capital [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xml:lang="en-US">Schedule of purposes due to the corporate reorganization, the common shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfTreasuryShareTransactionsTableTextBlock" xlink:label="loc_I9G01G3G9932937HF776_trmd_ScheduleOfTreasuryShareTransactionsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfTreasuryShareTransactionsTableTextBlock" xml:lang="en-US">Schedule Of Treasury Share Transactions [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfTreasuryShareTransactionsTableTextBlock" xml:lang="en-US">Schedule of treasury share transactions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfTreasuryShareTransactionsTableTextBlock" xml:lang="en-US">Represents the tabular disclosure of treasury share transactions.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ScheduleOfTreasuryShareTransactionsTableTextBlock" xlink:to="lab_K1I23I5I1154159JH998_trmd_ScheduleOfTreasuryShareTransactionsTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfOtherLiabilitiesExplanatoryTableTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_ScheduleOfOtherLiabilitiesExplanatoryTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfOtherLiabilitiesExplanatoryTableTextBlock" xml:lang="en-US">Schedule Of Other Liabilities Explanatory [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfOtherLiabilitiesExplanatoryTableTextBlock" xml:lang="en-US">Schedule of other liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfOtherLiabilitiesExplanatoryTableTextBlock" xml:lang="en-US">Represents the tabular disclosure of other liabilities.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ScheduleOfOtherLiabilitiesExplanatoryTableTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_ScheduleOfOtherLiabilitiesExplanatoryTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansTableTextBlock" xlink:label="loc_I9G01G3G9932937HF776_trmd_ScheduleOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansTableTextBlock" xml:lang="en-US">Schedule Of Effective Interest Rate Outstanding Mortgage Debt And Bank Loans [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansTableTextBlock" xml:lang="en-US">Schedule of effective interest rate, outstanding mortgage debt and bank loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansTableTextBlock" xml:lang="en-US">Tabular disclosure of effective interest rate, outstanding mortgage debt and bank loans .</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ScheduleOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansTableTextBlock" xlink:to="lab_K1I23I5I1154159JH998_trmd_ScheduleOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfContractualObligationsByMaturitiesTableTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_ScheduleOfContractualObligationsByMaturitiesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfContractualObligationsByMaturitiesTableTextBlock" xml:lang="en-US">Schedule Of Contractual Obligations By Maturities [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfContractualObligationsByMaturitiesTableTextBlock" xml:lang="en-US">Schedule of contractual obligations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfContractualObligationsByMaturitiesTableTextBlock" xml:lang="en-US">Represents the tabular disclosure of contractual obligations by maturities.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ScheduleOfContractualObligationsByMaturitiesTableTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_ScheduleOfContractualObligationsByMaturitiesTableTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory" xml:lang="en-US">Disclosure of reconciliation of liabilities arising from financing activities [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory" xml:lang="en-US">Schedule of reconciliation of liabilities arising from financing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorExplanatory" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorExplanatory" xml:lang="en-US">Disclosure of finance lease and operating lease by lessor [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorExplanatory" xml:lang="en-US">Schedule of contractual rights</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorExplanatory" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfDerivativeFinancialInstrumentsTableTextBlock" xlink:label="loc_I9G01G3G9932937HF776_trmd_DisclosureOfDerivativeFinancialInstrumentsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfDerivativeFinancialInstrumentsTableTextBlock" xml:lang="en-US">Disclosure Of Derivative Financial Instruments [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfDerivativeFinancialInstrumentsTableTextBlock" xml:lang="en-US">Schedule of disclosure of derivative financial instruments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfDerivativeFinancialInstrumentsTableTextBlock" xml:lang="en-US">Represents the tabular disclosure of derivative financial instruments. [Refer: Derivatives</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DisclosureOfDerivativeFinancialInstrumentsTableTextBlock" xlink:to="lab_K1I23I5I1154159JH998_trmd_DisclosureOfDerivativeFinancialInstrumentsTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfRealizedAmountsAndFairValueAdjustmentsForDerivativeFinancialInstrumentsTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_DisclosureOfRealizedAmountsAndFairValueAdjustmentsForDerivativeFinancialInstrumentsTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfRealizedAmountsAndFairValueAdjustmentsForDerivativeFinancialInstrumentsTextBlock" xml:lang="en-US">Disclosure Of Realized Amounts And Fair Value Adjustments For Derivative Financial Instruments [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfRealizedAmountsAndFairValueAdjustmentsForDerivativeFinancialInstrumentsTextBlock" xml:lang="en-US">Schedule of realized amounts and fair value adjustments for derivative financial instruments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfRealizedAmountsAndFairValueAdjustmentsForDerivativeFinancialInstrumentsTextBlock" xml:lang="en-US">Represent disclosure of realized amount and fair value adjustment for derivative.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DisclosureOfRealizedAmountsAndFairValueAdjustmentsForDerivativeFinancialInstrumentsTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_DisclosureOfRealizedAmountsAndFairValueAdjustmentsForDerivativeFinancialInstrumentsTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisForChangesInFreighTratesTableTextBlock" xlink:label="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisForChangesInFreighTratesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisForChangesInFreighTratesTableTextBlock" xml:lang="en-US">Sensitivity Analysis For Changes In Freight Rates [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisForChangesInFreighTratesTableTextBlock" xml:lang="en-US">Schedule of sensitivity analysis for changes in freight rates</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisForChangesInFreighTratesTableTextBlock" xml:lang="en-US">Represents the tabular disclosure of sensitivity analysis for change in freight rates.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisForChangesInFreighTratesTableTextBlock" xlink:to="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisForChangesInFreighTratesTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentPerTonIncreaseInBunkerPricesTableTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentPerTonIncreaseInBunkerPricesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentPerTonIncreaseInBunkerPricesTableTextBlock" xml:lang="en-US">Schedule Of Sensitivity Analysis Impact Of 10 Percent Per Ton Increase In Bunker Prices [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentPerTonIncreaseInBunkerPricesTableTextBlock" xml:lang="en-US">Schedule of sensitivity analysis, impact of 10 percent per ton increase in bunker prices</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentPerTonIncreaseInBunkerPricesTableTextBlock" xml:lang="en-US">Represents the tabular disclosure for impact of 10 percent per ton increase in bunker prices in sensitivity analysis.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentPerTonIncreaseInBunkerPricesTableTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentPerTonIncreaseInBunkerPricesTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentChangeInExchangeRateTableTextBlock" xlink:label="loc_I9G01G3G9932937HF776_trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentChangeInExchangeRateTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentChangeInExchangeRateTableTextBlock" xml:lang="en-US">Schedule Of Sensitivity Analysis Impact Of 10 Percent Change In Exchange Rate [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentChangeInExchangeRateTableTextBlock" xml:lang="en-US">Schedule of sensitivity analysis, impact of 10 percent change in exchange rate</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentChangeInExchangeRateTableTextBlock" xml:lang="en-US">Represents the tabular disclosure for impact of 10 percent change in exchange rate in sensitivity analysis.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentChangeInExchangeRateTableTextBlock" xlink:to="lab_K1I23I5I1154159JH998_trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentChangeInExchangeRateTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfSensitivityAnalysisImpactOf1PercentPointIncreaseInInterestRateTableTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_ScheduleOfSensitivityAnalysisImpactOf1PercentPointIncreaseInInterestRateTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfSensitivityAnalysisImpactOf1PercentPointIncreaseInInterestRateTableTextBlock" xml:lang="en-US">Schedule Of Sensitivity Analysis Impact Of 1 Percent Point Increase In Interest Rate [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfSensitivityAnalysisImpactOf1PercentPointIncreaseInInterestRateTableTextBlock" xml:lang="en-US">Schedule of sensitivity analysis, impact of 1 percent point increase in interest rate</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfSensitivityAnalysisImpactOf1PercentPointIncreaseInInterestRateTableTextBlock" xml:lang="en-US">Represents the tabular disclosure for impact of 1 percent point increase in interest rate in sensitivity analysis.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ScheduleOfSensitivityAnalysisImpactOf1PercentPointIncreaseInInterestRateTableTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_ScheduleOfSensitivityAnalysisImpactOf1PercentPointIncreaseInInterestRateTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfFaiRvalueMeasurementOfAssetsAndLiabilitiesTableTextBlock" xlink:label="loc_I9G01G3G9932937HF776_trmd_DisclosureOfFaiRvalueMeasurementOfAssetsAndLiabilitiesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfFaiRvalueMeasurementOfAssetsAndLiabilitiesTableTextBlock" xml:lang="en-US">Disclosure Of Fai Rvalue Measurement Of Assets And Liabilities [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfFaiRvalueMeasurementOfAssetsAndLiabilitiesTableTextBlock" xml:lang="en-US">Schedule of fair value measurement of assets and liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfFaiRvalueMeasurementOfAssetsAndLiabilitiesTableTextBlock" xml:lang="en-US">"The disclosure of the fair value measurement of assets."</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DisclosureOfFaiRvalueMeasurementOfAssetsAndLiabilitiesTableTextBlock" xlink:to="lab_K1I23I5I1154159JH998_trmd_DisclosureOfFaiRvalueMeasurementOfAssetsAndLiabilitiesTableTextBlock"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfCashFlowStatementTableTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_DisclosureOfCashFlowStatementTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfCashFlowStatementTableTextBlock" xml:lang="en-US">Disclosure Of Cash Flow Statement [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfCashFlowStatementTableTextBlock" xml:lang="en-US">Schedule of cash flow statement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfCashFlowStatementTableTextBlock" xml:lang="en-US">Represents the tabular disclosure for a statement of cash flows.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DisclosureOfCashFlowStatementTableTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_DisclosureOfCashFlowStatementTableTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xml:lang="en-US">Disclosure of subsidiaries [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xml:lang="en-US">Schedule of of subsidiaries</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduleOfRegisteredAddressesTableTextBlock" xlink:label="loc_2I0HHGGF8208_trmd_ScheduleOfRegisteredAddressesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfRegisteredAddressesTableTextBlock" xml:lang="en-US">Schedule Of Registered Addresses [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfRegisteredAddressesTableTextBlock" xml:lang="en-US">Schedule of registered addresses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ScheduleOfRegisteredAddressesTableTextBlock" xml:lang="en-US">Tabular disclosure of registered addresses.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ScheduleOfRegisteredAddressesTableTextBlock" xlink:to="lab_4K2JJIIH0420_trmd_ScheduleOfRegisteredAddressesTableTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfJointVenturesExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfJointVenturesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfJointVenturesExplanatory" xml:lang="en-US">Disclosure of joint ventures [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfJointVenturesExplanatory" xml:lang="en-US">Schedule of joint ventures</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfJointVenturesExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfJointVenturesExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfEarningsPerShareExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xml:lang="en-US">Disclosure of earnings per share [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xml:lang="en-US">Schedule of earnings per share</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfEarningsPerShareExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfDividendsExplanatory" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfDividendsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfDividendsExplanatory" xml:lang="en-US">Disclosure of dividends [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfDividendsExplanatory" xml:lang="en-US">Schedule of dividend per share</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfDividendsExplanatory" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfDividendsExplanatory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xml:lang="en-US">Disclosure of detailed information about business combinations [text block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xml:lang="en-US">Schedule of fair value of assets acquired and liabilities assumed</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfBusinessOverviewTable" xlink:label="loc_I9G01G3G9932937HF776_trmd_DisclosureOfBusinessOverviewTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfBusinessOverviewTable" xml:lang="en-US">Disclosure Of Business Overview [Table]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfBusinessOverviewTable" xml:lang="en-US">Disclosure of business overview.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DisclosureOfBusinessOverviewTable" xlink:to="lab_K1I23I5I1154159JH998_trmd_DisclosureOfBusinessOverviewTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BusinessCombinationsAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_BusinessCombinationsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_BusinessCombinationsAxis" xml:lang="en-US">Business combinations [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_BusinessCombinationsAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_BusinessCombinationsAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_EntitysTotalForBusinessCombinationsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_EntitysTotalForBusinessCombinationsMember" xml:lang="en-US">Entity's total for business combinations [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_EntitysTotalForBusinessCombinationsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TormAsMember" xlink:label="loc_2I0HHGGF8208_trmd_TormAsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_TormAsMember" xml:lang="en-US">Torm As [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_TormAsMember" xml:lang="en-US">Njord Midco Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_TormAsMember" xml:lang="en-US">TORM A/S</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_TormAsMember" xml:lang="en-US">This member stands for transactions related to entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_TormAsMember" xlink:to="lab_4K2JJIIH0420_trmd_TormAsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_SignificantInvestmentsInSubsidiariesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xml:lang="en-US">Subsidiaries [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_SignificantInvestmentsInSubsidiariesAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForSubsidiariesMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_EntitysTotalForSubsidiariesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_EntitysTotalForSubsidiariesMember" xml:lang="en-US">Entity's total for subsidiaries [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_EntitysTotalForSubsidiariesMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_EntitysTotalForSubsidiariesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfBusinessOverviewLineItems" xlink:label="loc_I9G01G3G9932937HF776_trmd_DisclosureOfBusinessOverviewLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfBusinessOverviewLineItems" xml:lang="en-US">Disclosure Of Business Overview [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfBusinessOverviewLineItems" xml:lang="en-US">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DisclosureOfBusinessOverviewLineItems" xlink:to="lab_K1I23I5I1154159JH998_trmd_DisclosureOfBusinessOverviewLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:label="loc_2I0HHGGF8208_ifrs-full_PercentageOfVotingEquityInterestsAcquired"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xml:lang="en-US">Percentage of voting equity interests acquired</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xml:lang="en-US">Percentage of voting rights</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xml:lang="en-US">Ownership percentage</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:to="lab_4K2JJIIH0420_ifrs-full_PercentageOfVotingEquityInterestsAcquired"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfSharesExchanged" xlink:label="loc_I9G01G3G9932937HF776_trmd_PercentageOfSharesExchanged"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfSharesExchanged" xml:lang="en-US">Percentage Of Shares Exchanged</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfSharesExchanged" xml:lang="en-US">Percentage of shares exchanged</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfSharesExchanged" xml:lang="en-US">The percentage of shares exchanged.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PercentageOfSharesExchanged" xlink:to="lab_K1I23I5I1154159JH998_trmd_PercentageOfSharesExchanged"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfNonControllingInterestSharesAcquired" xlink:label="loc_2I0HHGGF8208_trmd_PercentageOfNonControllingInterestSharesAcquired"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfNonControllingInterestSharesAcquired" xml:lang="en-US">Percentage Of Non Controlling Interest Shares Acquired</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfNonControllingInterestSharesAcquired" xml:lang="en-US">Percentage of remaining shares acquired</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfNonControllingInterestSharesAcquired" xml:lang="en-US">The percentage of remaining shares acquired.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PercentageOfNonControllingInterestSharesAcquired" xlink:to="lab_4K2JJIIH0420_trmd_PercentageOfNonControllingInterestSharesAcquired"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashTransferred" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CashTransferred"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashTransferred" xml:lang="en-US">Cash transferred</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashTransferred" xml:lang="en-US">Total cash consideration</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CashTransferred" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CashTransferred"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_RatioOfWarrantsExchanged" xlink:label="loc_2I0HHGGF8208_trmd_RatioOfWarrantsExchanged"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_RatioOfWarrantsExchanged" xml:lang="en-US">Ratio Of Warrants Exchanged</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_RatioOfWarrantsExchanged" xml:lang="en-US">Ratio of warrants exchanged</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_RatioOfWarrantsExchanged" xml:lang="en-US">The ratio of warrants exchanged.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_RatioOfWarrantsExchanged" xlink:to="lab_4K2JJIIH0420_trmd_RatioOfWarrantsExchanged"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfAccountingPolicyTable" xlink:label="loc_I9G01G3G9932937HF776_trmd_DisclosureOfAccountingPolicyTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfAccountingPolicyTable" xml:lang="en-US">Disclosure Of Accounting Policy [Table]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfAccountingPolicyTable" xml:lang="en-US">Schedule disclosing information related to accounting policy.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DisclosureOfAccountingPolicyTable" xlink:to="lab_K1I23I5I1154159JH998_trmd_DisclosureOfAccountingPolicyTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xml:lang="en-US">Non-adjusting events after reporting period [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NonadjustingEventsMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_NonadjustingEventsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NonadjustingEventsMember" xml:lang="en-US">Non-adjusting events after reporting period [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_NonadjustingEventsMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_NonadjustingEventsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_MajorOrdinaryShareTransactionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_MajorOrdinaryShareTransactionsMember" xml:lang="en-US">Major ordinary share transactions [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_MajorOrdinaryShareTransactionsMember" xml:lang="en-US">Major ordinary share transactions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_MajorOrdinaryShareTransactionsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOFaccountingPolicyLineItems" xlink:label="loc_I9G01G3G9932937HF776_trmd_DisclosureOFaccountingPolicyLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOFaccountingPolicyLineItems" xml:lang="en-US">Disclosure Of Accounting Policy [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOFaccountingPolicyLineItems" xml:lang="en-US">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DisclosureOFaccountingPolicyLineItems" xlink:to="lab_K1I23I5I1154159JH998_trmd_DisclosureOFaccountingPolicyLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NetDebt" xlink:label="loc_2I0HHGGF8208_ifrs-full_NetDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NetDebt" xml:lang="en-US">Net debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NetDebt" xml:lang="en-US">Net debt</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NetDebt" xlink:to="lab_4K2JJIIH0420_ifrs-full_NetDebt"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_UndrawnBorrowingFacilities" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_UndrawnBorrowingFacilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_UndrawnBorrowingFacilities" xml:lang="en-US">Undrawn borrowing facilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_UndrawnBorrowingFacilities" xml:lang="en-US">Undrawan credit facilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_UndrawnBorrowingFacilities" xml:lang="en-US">Undrawn debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_UndrawnBorrowingFacilities" xml:lang="en-US">Working capital facility</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_UndrawnBorrowingFacilities" xml:lang="en-US">Undrawn credit facilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_UndrawnBorrowingFacilities" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_UndrawnBorrowingFacilities"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_LoanToValueRatio" xlink:label="loc_2I0HHGGF8208_trmd_LoanToValueRatio"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_LoanToValueRatio" xml:lang="en-US">Loan To Value Ratio</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_LoanToValueRatio" xml:lang="en-US">Net interest-bearing debt loan-to-value ratio</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_LoanToValueRatio" xml:lang="en-US">Represents percentage of net interest bearing debt loan to value ratio.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_LoanToValueRatio" xlink:to="lab_4K2JJIIH0420_trmd_LoanToValueRatio"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfBusinessSegments" xlink:label="loc_I9G01G3G9932937HF776_trmd_NumberOfBusinessSegments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfBusinessSegments" xml:lang="en-US">Number Of Business Segments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfBusinessSegments" xml:lang="en-US">Number of business segments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfBusinessSegments" xml:lang="en-US">Represents the number of business segments of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NumberOfBusinessSegments" xlink:to="lab_K1I23I5I1154159JH998_trmd_NumberOfBusinessSegments"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfGeographicalSegments" xlink:label="loc_2I0HHGGF8208_trmd_NumberOfGeographicalSegments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfGeographicalSegments" xml:lang="en-US">Number Of Geographical Segments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfGeographicalSegments" xml:lang="en-US">Number of geographical segment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfGeographicalSegments" xml:lang="en-US">Number of geographical segments.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NumberOfGeographicalSegments" xlink:to="lab_4K2JJIIH0420_trmd_NumberOfGeographicalSegments"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfDemurrageClaimRecognizedAsRevenue" xlink:label="loc_I9G01G3G9932937HF776_trmd_PercentageOfDemurrageClaimRecognizedAsRevenue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfDemurrageClaimRecognizedAsRevenue" xml:lang="en-US">Percentage Of Demurrage Claim Recognized As Revenue</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfDemurrageClaimRecognizedAsRevenue" xml:lang="en-US">Demurrage revenue claim percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfDemurrageClaimRecognizedAsRevenue" xml:lang="en-US">The percentage of the demurrage claim recognized as revenue based on pased experience.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PercentageOfDemurrageClaimRecognizedAsRevenue" xlink:to="lab_K1I23I5I1154159JH998_trmd_PercentageOfDemurrageClaimRecognizedAsRevenue"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AveragePeriodOfReceivingDemurragePayment" xlink:label="loc_2I0HHGGF8208_trmd_AveragePeriodOfReceivingDemurragePayment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AveragePeriodOfReceivingDemurragePayment" xml:lang="en-US">Average Period Of Receiving Demurrage Payment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_AveragePeriodOfReceivingDemurragePayment" xml:lang="en-US">Average period of receiving demurrage payment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_AveragePeriodOfReceivingDemurragePayment" xml:lang="en-US">Represents the average period of receiving demurrage payment.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AveragePeriodOfReceivingDemurragePayment" xlink:to="lab_4K2JJIIH0420_trmd_AveragePeriodOfReceivingDemurragePayment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xml:lang="en-US">Classes of property, plant and equipment [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PropertyPlantAndEquipmentMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_PropertyPlantAndEquipmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipmentMember" xml:lang="en-US">Property, plant and equipment [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_PropertyPlantAndEquipmentMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipmentMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShipsMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ShipsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ShipsMember" xml:lang="en-US">Ships [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ShipsMember" xml:lang="en-US">Ships</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ShipsMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ShipsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComputerEquipmentMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_ComputerEquipmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ComputerEquipmentMember" xml:lang="en-US">Computer equipment [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ComputerEquipmentMember" xml:lang="en-US">Computer equipment</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ComputerEquipmentMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_ComputerEquipmentMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherPropertyPlantAndEquipmentMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_OtherPropertyPlantAndEquipmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherPropertyPlantAndEquipmentMember" xml:lang="en-US">Other property, plant and equipment [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherPropertyPlantAndEquipmentMember" xml:lang="en-US">Other property, plant and equipment</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_OtherPropertyPlantAndEquipmentMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_OtherPropertyPlantAndEquipmentMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DepreciationMethodPropertyPlantAndEquipment" xlink:label="loc_2I0HHGGF8208_ifrs-full_DepreciationMethodPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DepreciationMethodPropertyPlantAndEquipment" xml:lang="en-US">Depreciation method, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DepreciationMethodPropertyPlantAndEquipment" xml:lang="en-US">Depreciation method</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DepreciationMethodPropertyPlantAndEquipment" xlink:to="lab_4K2JJIIH0420_ifrs-full_DepreciationMethodPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment" xml:lang="en-US">Useful lives or depreciation rates, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment" xml:lang="en-US">Estimated useful lives</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfCashGeneratingUnit" xlink:label="loc_2I0HHGGF8208_trmd_NumberOfCashGeneratingUnit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfCashGeneratingUnit" xml:lang="en-US">Number Of Cash Generating Unit</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfCashGeneratingUnit" xml:lang="en-US">Number of cash generating unit</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfCashGeneratingUnit" xml:lang="en-US">Represents the number of Cash generating unit.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NumberOfCashGeneratingUnit" xlink:to="lab_4K2JJIIH0420_trmd_NumberOfCashGeneratingUnit"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_MinimumPercentageOfDifferenceToRecognizeNewFinancialLiability" xlink:label="loc_I9G01G3G9932937HF776_trmd_MinimumPercentageOfDifferenceToRecognizeNewFinancialLiability"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_MinimumPercentageOfDifferenceToRecognizeNewFinancialLiability" xml:lang="en-US">Minimum Percentage Of Difference To Recognize New Financial Liability</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_MinimumPercentageOfDifferenceToRecognizeNewFinancialLiability" xml:lang="en-US">Minimum percentage of difference to recognize new financial liability</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_MinimumPercentageOfDifferenceToRecognizeNewFinancialLiability" xml:lang="en-US">Represents the minimum percentage of difference to recognize new financial liability</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_MinimumPercentageOfDifferenceToRecognizeNewFinancialLiability" xlink:to="lab_K1I23I5I1154159JH998_trmd_MinimumPercentageOfDifferenceToRecognizeNewFinancialLiability"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DryDockingPeriodPropertyPlantAndEquipmentPeriod" xlink:label="loc_2I0HHGGF8208_trmd_DryDockingPeriodPropertyPlantAndEquipmentPeriod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DryDockingPeriodPropertyPlantAndEquipmentPeriod" xml:lang="en-US">Dry Docking Period, Property, Plant And Equipment, Period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DryDockingPeriodPropertyPlantAndEquipmentPeriod" xml:lang="en-US">Dry Docking period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DryDockingPeriodPropertyPlantAndEquipmentPeriod" xml:lang="en-US">Represents period of dry-docking of property, plant and equipment.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DryDockingPeriodPropertyPlantAndEquipmentPeriod" xlink:to="lab_4K2JJIIH0420_trmd_DryDockingPeriodPropertyPlantAndEquipmentPeriod"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_LiquidityAndCapitalResourcesTable" xlink:label="loc_I9G01G3G9932937HF776_trmd_LiquidityAndCapitalResourcesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_LiquidityAndCapitalResourcesTable" xml:lang="en-US">Liquidity And Capital Resources [Table]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_LiquidityAndCapitalResourcesTable" xml:lang="en-US">Represents the tabular information related to liquidity and capital resources.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_LiquidityAndCapitalResourcesTable" xlink:to="lab_K1I23I5I1154159JH998_trmd_LiquidityAndCapitalResourcesTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BorrowingsByNameAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_BorrowingsByNameAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_BorrowingsByNameAxis" xml:lang="en-US">Borrowings by name [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_BorrowingsByNameAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_BorrowingsByNameAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BorrowingsByNameMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_BorrowingsByNameMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_BorrowingsByNameMember" xml:lang="en-US">Borrowings by name [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_BorrowingsByNameMember" xml:lang="en-US">Borrowings by name</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_BorrowingsByNameMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_BorrowingsByNameMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_WorkingCapitalFacilityMember" xlink:label="loc_2I0HHGGF8208_trmd_WorkingCapitalFacilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_WorkingCapitalFacilityMember" xml:lang="en-US">Working Capital Facility [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_WorkingCapitalFacilityMember" xml:lang="en-US">Working capital facility</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_WorkingCapitalFacilityMember" xml:lang="en-US">Represents a working capital facility.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_WorkingCapitalFacilityMember" xlink:to="lab_4K2JJIIH0420_trmd_WorkingCapitalFacilityMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TermFacilityIMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_TermFacilityIMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_TermFacilityIMember" xml:lang="en-US">Term Facility I [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_TermFacilityIMember" xml:lang="en-US">Term facility I</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_TermFacilityIMember" xml:lang="en-US">Represents a Term Facility I.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_TermFacilityIMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_TermFacilityIMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TermFacilityIIMember" xlink:label="loc_2I0HHGGF8208_trmd_TermFacilityIIMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_TermFacilityIIMember" xml:lang="en-US">Term Facility I I [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_TermFacilityIIMember" xml:lang="en-US">Term facility II</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_TermFacilityIIMember" xml:lang="en-US">Represents a Term Facility II.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_TermFacilityIIMember" xlink:to="lab_4K2JJIIH0420_trmd_TermFacilityIIMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_BilateralBorrowingFacilityMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_BilateralBorrowingFacilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_BilateralBorrowingFacilityMember" xml:lang="en-US">Bilateral borrowing facility</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_BilateralBorrowingFacilityMember" xml:lang="en-US">Represents bilateral borrowing facility.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_BilateralBorrowingFacilityMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_BilateralBorrowingFacilityMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_BilateralLoanAgreementsMember" xlink:label="loc_2I0HHGGF8208_trmd_BilateralLoanAgreementsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_BilateralLoanAgreementsMember" xml:lang="en-US">Bilateral Loan Agreements [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_BilateralLoanAgreementsMember" xml:lang="en-US">Bilateral loan agreements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_BilateralLoanAgreementsMember" xml:lang="en-US">Represents Bilateral loan agreements.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_BilateralLoanAgreementsMember" xlink:to="lab_4K2JJIIH0420_trmd_BilateralLoanAgreementsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CategoriesOfRelatedPartiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CategoriesOfRelatedPartiesAxis" xml:lang="en-US">Categories of related parties [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CategoriesOfRelatedPartiesAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_EntitysTotalForRelatedPartiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_EntitysTotalForRelatedPartiesMember" xml:lang="en-US">Entity's total for related parties [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_EntitysTotalForRelatedPartiesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ChinaExportImportBankMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_ChinaExportImportBankMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ChinaExportImportBankMember" xml:lang="en-US">China Export Import Bank [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ChinaExportImportBankMember" xml:lang="en-US">China export import Bank</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ChinaExportImportBankMember" xml:lang="en-US">China Export Import Bank.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ChinaExportImportBankMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_ChinaExportImportBankMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DanishShipFinanceMember" xlink:label="loc_2I0HHGGF8208_trmd_DanishShipFinanceMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DanishShipFinanceMember" xml:lang="en-US">Danish Ship Finance [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DanishShipFinanceMember" xml:lang="en-US">Danish ship finance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DanishShipFinanceMember" xml:lang="en-US">Danish Ship Finance.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DanishShipFinanceMember" xlink:to="lab_4K2JJIIH0420_trmd_DanishShipFinanceMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_IngMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_IngMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_IngMember" xml:lang="en-US">Ing [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_IngMember" xml:lang="en-US">ING</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_IngMember" xml:lang="en-US">Represents ING.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_IngMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_IngMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_LiquidityAndCapitalResourcesLineItems" xlink:label="loc_2I0HHGGF8208_trmd_LiquidityAndCapitalResourcesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_LiquidityAndCapitalResourcesLineItems" xml:lang="en-US">Liquidity And Capital Resources [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_LiquidityAndCapitalResourcesLineItems" xml:lang="en-US">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_LiquidityAndCapitalResourcesLineItems" xlink:to="lab_4K2JJIIH0420_trmd_LiquidityAndCapitalResourcesLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Cash" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_Cash"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Cash" xml:lang="en-US">Cash</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Cash" xml:lang="en-US">Cash position</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Cash" xml:lang="en-US">Liquidity reserve in cash</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_Cash" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_Cash"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NewBuildingsOnOrderForDelivery" xlink:label="loc_2I0HHGGF8208_trmd_NewBuildingsOnOrderForDelivery"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NewBuildingsOnOrderForDelivery" xml:lang="en-US">New Buildings On Order For Delivery</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NewBuildingsOnOrderForDelivery" xml:lang="en-US">Newbuildings on order for delivery</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NewBuildingsOnOrderForDelivery" xml:lang="en-US">Represents the number of newbuildings on order for delivery.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NewBuildingsOnOrderForDelivery" xlink:to="lab_4K2JJIIH0420_trmd_NewBuildingsOnOrderForDelivery"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CapitalCommitments" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CapitalCommitments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CapitalCommitments" xml:lang="en-US">Capital commitments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CapitalCommitments" xml:lang="en-US">Total outstanding CAPEX related to newbuildings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CapitalCommitments" xml:lang="en-US">Funding commitment</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CapitalCommitments" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CapitalCommitments"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ScheduledMinimumPaymentsOnMortgageBorrowingsAndBankBorrowingsInNextFiscalYear" xlink:label="loc_2I0HHGGF8208_trmd_ScheduledMinimumPaymentsOnMortgageBorrowingsAndBankBorrowingsInNextFiscalYear"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ScheduledMinimumPaymentsOnMortgageBorrowingsAndBankBorrowingsInNextFiscalYear" xml:lang="en-US">Scheduled Minimum Payments On Mortgage Borrowings And Bank Borrowings In Next Fiscal Year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ScheduledMinimumPaymentsOnMortgageBorrowingsAndBankBorrowingsInNextFiscalYear" xml:lang="en-US">Scheduled minimum payments on mortgage debt and bank loans in 2018</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ScheduledMinimumPaymentsOnMortgageBorrowingsAndBankBorrowingsInNextFiscalYear" xml:lang="en-US">The amount of scheduled minimum payments on mortgage borrowings and bank borrowings in next fiscal year.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ScheduledMinimumPaymentsOnMortgageBorrowingsAndBankBorrowingsInNextFiscalYear" xlink:to="lab_4K2JJIIH0420_trmd_ScheduledMinimumPaymentsOnMortgageBorrowingsAndBankBorrowingsInNextFiscalYear"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EnteringIntoSignificantCommitmentsOrContingentLiabilitiesMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_EnteringIntoSignificantCommitmentsOrContingentLiabilitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_EnteringIntoSignificantCommitmentsOrContingentLiabilitiesMember" xml:lang="en-US">Entering into significant commitments or contingent liabilities [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_EnteringIntoSignificantCommitmentsOrContingentLiabilitiesMember" xml:lang="en-US">Entering into significant commitments or contingent liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_EnteringIntoSignificantCommitmentsOrContingentLiabilitiesMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_EnteringIntoSignificantCommitmentsOrContingentLiabilitiesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xml:lang="en-US">Classification of assets as held for sale [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xml:lang="en-US">Classification of assets as held for sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfShareCapitalAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_ClassesOfShareCapitalAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ClassesOfShareCapitalAxis" xml:lang="en-US">Classes of share capital [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ClassesOfShareCapitalAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_ClassesOfShareCapitalAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfShareCapitalMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ClassesOfShareCapitalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ClassesOfShareCapitalMember" xml:lang="en-US">Share capital [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ClassesOfShareCapitalMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ClassesOfShareCapitalMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_CommonClassASharesMember" xlink:label="loc_2I0HHGGF8208_trmd_CommonClassASharesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_CommonClassASharesMember" xml:lang="en-US">Common Class A Shares [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_CommonClassASharesMember" xml:lang="en-US">Common class A shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_CommonClassASharesMember" xml:lang="en-US">Represents a common class A shares.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_CommonClassASharesMember" xlink:to="lab_4K2JJIIH0420_trmd_CommonClassASharesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_CommonClassBSharesMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_CommonClassBSharesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_CommonClassBSharesMember" xml:lang="en-US">Common Class B Shares [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_CommonClassBSharesMember" xml:lang="en-US">Common class B shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_CommonClassBSharesMember" xml:lang="en-US">Represents a common class B shares.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_CommonClassBSharesMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_CommonClassBSharesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_CommonClassCSharesMember" xlink:label="loc_2I0HHGGF8208_trmd_CommonClassCSharesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_CommonClassCSharesMember" xml:lang="en-US">Common Class C Shares [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_CommonClassCSharesMember" xml:lang="en-US">Common class C shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_CommonClassCSharesMember" xml:lang="en-US">Represents a common class C shares.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_CommonClassCSharesMember" xlink:to="lab_4K2JJIIH0420_trmd_CommonClassCSharesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_MaximumFinancingOfSecuredCommitmentForAttractiveVessel" xlink:label="loc_2I0HHGGF8208_trmd_MaximumFinancingOfSecuredCommitmentForAttractiveVessel"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_MaximumFinancingOfSecuredCommitmentForAttractiveVessel" xml:lang="en-US">Maximum Financing Of Secured Commitment For Attractive Vessel</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_MaximumFinancingOfSecuredCommitmentForAttractiveVessel" xml:lang="en-US">Maximum financing of secured commitment for attractive vessel</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_MaximumFinancingOfSecuredCommitmentForAttractiveVessel" xml:lang="en-US">The amount of maximum financing of secured commitment for attractive vessel.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_MaximumFinancingOfSecuredCommitmentForAttractiveVessel" xlink:to="lab_4K2JJIIH0420_trmd_MaximumFinancingOfSecuredCommitmentForAttractiveVessel"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ProceedsFromPrivatePlacement" xlink:label="loc_I9G01G3G9932937HF776_trmd_ProceedsFromPrivatePlacement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ProceedsFromPrivatePlacement" xml:lang="en-US">Proceeds From Private Placement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ProceedsFromPrivatePlacement" xml:lang="en-US">Proceeds from private placement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ProceedsFromPrivatePlacement" xml:lang="en-US">The amount received from entity's raising of capital via private rather than public placement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ProceedsFromPrivatePlacement" xlink:to="lab_K1I23I5I1154159JH998_trmd_ProceedsFromPrivatePlacement"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfSharesIssuedInPrivatePlacement" xlink:label="loc_2I0HHGGF8208_trmd_NumberOfSharesIssuedInPrivatePlacement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfSharesIssuedInPrivatePlacement" xml:lang="en-US">Number Of Shares Issued In Private Placement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfSharesIssuedInPrivatePlacement" xml:lang="en-US">Number of shares issued in Private placement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfSharesIssuedInPrivatePlacement" xml:lang="en-US">Number of shares issued in Private placement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfSharesIssuedInPrivatePlacement" xml:lang="en-US">The number of shares issued in private placement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NumberOfSharesIssuedInPrivatePlacement" xlink:to="lab_4K2JJIIH0420_trmd_NumberOfSharesIssuedInPrivatePlacement"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NominalValueOfSharesIssued" xlink:label="loc_I9G01G3G9932937HF776_trmd_NominalValueOfSharesIssued"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NominalValueOfSharesIssued" xml:lang="en-US">Nominal Value Of Shares Issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_NominalValueOfSharesIssued" xml:lang="en-US">Nominal value of shares issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NominalValueOfSharesIssued" xml:lang="en-US">The amount associated to nominal value of shares issued.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NominalValueOfSharesIssued" xlink:to="lab_K1I23I5I1154159JH998_trmd_NominalValueOfSharesIssued"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfSharesIssued" xlink:label="loc_2I0HHGGF8208_ifrs-full_NumberOfSharesIssued"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NumberOfSharesIssued" xml:lang="en-US">Number of shares issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NumberOfSharesIssued" xml:lang="en-US">Number of shares issued</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NumberOfSharesIssued" xlink:to="lab_4K2JJIIH0420_ifrs-full_NumberOfSharesIssued"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ProfitFromSaleOfVessels" xlink:label="loc_I9G01G3G9932937HF776_trmd_ProfitFromSaleOfVessels"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ProfitFromSaleOfVessels" xml:lang="en-US">Profit From Sale Of Vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ProfitFromSaleOfVessels" xml:lang="en-US">Net profit from sale of vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ProfitFromSaleOfVessels" xml:lang="en-US">Represents the amount related to profit from sale of vessels.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ProfitFromSaleOfVessels" xlink:to="lab_K1I23I5I1154159JH998_trmd_ProfitFromSaleOfVessels"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfOperatingSegmentsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfOperatingSegmentsTable" xml:lang="en-US">Disclosure of operating segments [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfOperatingSegmentsTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SegmentConsolidationItemsAxis" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_SegmentConsolidationItemsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_SegmentConsolidationItemsAxis" xml:lang="en-US">Segment consolidation items [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_SegmentConsolidationItemsAxis" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_SegmentConsolidationItemsAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xml:lang="en-US">Entity's total for segment consolidation items [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OperatingSegmentsMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_OperatingSegmentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OperatingSegmentsMember" xml:lang="en-US">Operating segments [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OperatingSegmentsMember" xml:lang="en-US">Operating segments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_OperatingSegmentsMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_OperatingSegmentsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_UnallocatedAmountsMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_UnallocatedAmountsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_UnallocatedAmountsMember" xml:lang="en-US">Unallocated amounts [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_UnallocatedAmountsMember" xml:lang="en-US">Not allocated</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_UnallocatedAmountsMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_UnallocatedAmountsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SegmentsAxis" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_SegmentsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_SegmentsAxis" xml:lang="en-US">Segments [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_SegmentsAxis" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_SegmentsAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SegmentsMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_SegmentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_SegmentsMember" xml:lang="en-US">Segments [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_SegmentsMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_SegmentsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TankerSegmentMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_TankerSegmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_TankerSegmentMember" xml:lang="en-US">Tanker Segment [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_TankerSegmentMember" xml:lang="en-US">Tanker Segment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_TankerSegmentMember" xml:lang="en-US">Represents a business segment of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_TankerSegmentMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_TankerSegmentMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_BulkSegmentMember" xlink:label="loc_2I0HHGGF8208_trmd_BulkSegmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_BulkSegmentMember" xml:lang="en-US">Bulk Segment [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_BulkSegmentMember" xml:lang="en-US">Bulk Segment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_BulkSegmentMember" xml:lang="en-US">Represents a business segment of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_BulkSegmentMember" xlink:to="lab_4K2JJIIH0420_trmd_BulkSegmentMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfOperatingSegmentsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xml:lang="en-US">Disclosure of operating segments [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfOperatingSegmentsLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfProfitOrLossAndOtherComprehensiveIncomeAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_StatementOfProfitOrLossAndOtherComprehensiveIncomeAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_StatementOfProfitOrLossAndOtherComprehensiveIncomeAbstract" xml:lang="en-US">Statement of profit or loss and other comprehensive income [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_StatementOfProfitOrLossAndOtherComprehensiveIncomeAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_StatementOfProfitOrLossAndOtherComprehensiveIncomeAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Revenue" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_Revenue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Revenue" xml:lang="en-US">Revenue</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Revenue" xml:lang="en-US">Revenue</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_Revenue" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_Revenue"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_CharterHireExpense" xlink:label="loc_2I0HHGGF8208_trmd_CharterHireExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_CharterHireExpense" xml:lang="en-US">Charter Hire Expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_CharterHireExpense" xml:lang="en-US">Charter hire</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_CharterHireExpense" xml:lang="en-US">The amount of expenses associated to charter hire.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_4K2JJIIH0420_trmd_CharterHireExpense" xml:lang="en-US">Charter hire</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_CharterHireExpense" xlink:to="lab_4K2JJIIH0420_trmd_CharterHireExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MiscellaneousOtherOperatingExpense" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_MiscellaneousOtherOperatingExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_MiscellaneousOtherOperatingExpense" xml:lang="en-US">Miscellaneous other operating expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_MiscellaneousOtherOperatingExpense" xml:lang="en-US">Other operating expenses</label>
<label xlink:type="resource" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US">Other operating expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_MiscellaneousOtherOperatingExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="loc_2I0HHGGF8208_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xml:lang="en-US">Share of profit (loss) of associates and joint ventures accounted for using equity method</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xml:lang="en-US">Share of profit/(loss) from joint ventures</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="lab_4K2JJIIH0420_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ImpairmentLoss" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ImpairmentLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ImpairmentLoss" xml:lang="en-US">Impairment loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ImpairmentLoss" xml:lang="en-US">Impairment charge arising in current year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ImpairmentLoss" xml:lang="en-US">Impairment losses on tangible and intangible assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ImpairmentLoss" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ImpairmentLoss"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLoss" xlink:label="loc_2I0HHGGF8208_ifrs-full_ProfitLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ProfitLoss" xml:lang="en-US">Profit (loss)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ProfitLoss" xml:lang="en-US">Net profit/(loss) for the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ProfitLoss" xml:lang="en-US">Net profit/(loss) for the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ProfitLoss" xlink:to="lab_4K2JJIIH0420_ifrs-full_ProfitLoss"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfEmployeeBenefitsTable" xlink:label="loc_I9G01G3G9932937HF776_trmd_DisclosureOfEmployeeBenefitsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfEmployeeBenefitsTable" xml:lang="en-US">Disclosure Of Employee Benefits [Table]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfEmployeeBenefitsTable" xml:lang="en-US">Represents the tabular information related to employee benefit expense.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DisclosureOfEmployeeBenefitsTable" xlink:to="lab_K1I23I5I1154159JH998_trmd_DisclosureOfEmployeeBenefitsTable"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ProfitOrLossLocationAxis" xlink:label="loc_2I0HHGGF8208_trmd_ProfitOrLossLocationAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ProfitOrLossLocationAxis" xml:lang="en-US">Profit Or Loss Location [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ProfitOrLossLocationAxis" xml:lang="en-US">Information by location in proft or loss statement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ProfitOrLossLocationAxis" xlink:to="lab_4K2JJIIH0420_trmd_ProfitOrLossLocationAxis"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ProfitOrLossLocationDomain" xlink:label="loc_I9G01G3G9932937HF776_trmd_ProfitOrLossLocationDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ProfitOrLossLocationDomain" xml:lang="en-US">Profit Or Loss Location [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ProfitOrLossLocationDomain" xml:lang="en-US">Information by location in proft or loss statement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ProfitOrLossLocationDomain" xlink:to="lab_K1I23I5I1154159JH998_trmd_ProfitOrLossLocationDomain"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OperatingExpensesMember" xlink:label="loc_2I0HHGGF8208_trmd_OperatingExpensesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OperatingExpensesMember" xml:lang="en-US">Operating Expenses [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OperatingExpensesMember" xml:lang="en-US">Operating expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OperatingExpensesMember" xml:lang="en-US">Primary financial statement caption encompassing expenses associated with normal operations.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OperatingExpensesMember" xlink:to="lab_4K2JJIIH0420_trmd_OperatingExpensesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AdministrativeExpensesMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_AdministrativeExpensesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdministrativeExpensesMember" xml:lang="en-US">Administrative Expenses [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdministrativeExpensesMember" xml:lang="en-US">Administrative expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdministrativeExpensesMember" xml:lang="en-US">Primary financial statement caption encompassing expenses associated with administrative expense.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_AdministrativeExpensesMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_AdministrativeExpensesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfEmployeeBenefitsLineItems" xlink:label="loc_2I0HHGGF8208_trmd_DisclosureOfEmployeeBenefitsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfEmployeeBenefitsLineItems" xml:lang="en-US">Disclosure Of Employee Benefits [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfEmployeeBenefitsLineItems" xml:lang="en-US">Total staff costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfEmployeeBenefitsLineItems" xml:lang="en-US">Non-Executive Board and Committee Remuneration, Short term</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfEmployeeBenefitsLineItems" xml:lang="en-US">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DisclosureOfEmployeeBenefitsLineItems" xlink:to="lab_4K2JJIIH0420_trmd_DisclosureOfEmployeeBenefitsLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EmployeeBenefitsExpense" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_EmployeeBenefitsExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_EmployeeBenefitsExpense" xml:lang="en-US">Employee benefits expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_EmployeeBenefitsExpense" xml:lang="en-US">Staff costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_EmployeeBenefitsExpense" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_EmployeeBenefitsExpense" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_EmployeeBenefitsExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfEmployeeBenefitsExpenseAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_ClassesOfEmployeeBenefitsExpenseAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ClassesOfEmployeeBenefitsExpenseAbstract" xml:lang="en-US">Classes of employee benefits expense [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ClassesOfEmployeeBenefitsExpenseAbstract" xml:lang="en-US">Staff costs comprise the following</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ClassesOfEmployeeBenefitsExpenseAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_ClassesOfEmployeeBenefitsExpenseAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WagesAndSalaries" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_WagesAndSalaries"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_WagesAndSalaries" xml:lang="en-US">Wages and salaries</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_WagesAndSalaries" xml:lang="en-US">Wages and salaries</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_WagesAndSalaries" xml:lang="en-US">Salary</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_WagesAndSalaries" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_WagesAndSalaries"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:label="loc_2I0HHGGF8208_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xml:lang="en-US">Expense from share-based payment transactions with employees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xml:lang="en-US">Share-based compensation</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:to="lab_4K2JJIIH0420_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xml:lang="en-US">Post-employment benefit expense, defined benefit plans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xml:lang="en-US">Pension costs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SocialSecurityContributions" xlink:label="loc_2I0HHGGF8208_ifrs-full_SocialSecurityContributions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_SocialSecurityContributions" xml:lang="en-US">Social security contributions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_SocialSecurityContributions" xml:lang="en-US">Other social security costs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_SocialSecurityContributions" xlink:to="lab_4K2JJIIH0420_ifrs-full_SocialSecurityContributions"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherEmployeeExpense" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_OtherEmployeeExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherEmployeeExpense" xml:lang="en-US">Other employee expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherEmployeeExpense" xml:lang="en-US">Other staff costs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_OtherEmployeeExpense" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_OtherEmployeeExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberAndAverageNumberOfEmployeesAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_NumberAndAverageNumberOfEmployeesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NumberAndAverageNumberOfEmployeesAbstract" xml:lang="en-US">Number and average number of employees [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NumberAndAverageNumberOfEmployeesAbstract" xml:lang="en-US">Average number of permanent employees</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NumberAndAverageNumberOfEmployeesAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_NumberAndAverageNumberOfEmployeesAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SeafarersAverageNumberOfEmployees" xlink:label="loc_I9G01G3G9932937HF776_trmd_SeafarersAverageNumberOfEmployees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_SeafarersAverageNumberOfEmployees" xml:lang="en-US">Seafarers Average Number Of Employees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_SeafarersAverageNumberOfEmployees" xml:lang="en-US">Seafarers</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_SeafarersAverageNumberOfEmployees" xml:lang="en-US">The average number of seafarers employed by the entity during a period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_SeafarersAverageNumberOfEmployees" xlink:to="lab_K1I23I5I1154159JH998_trmd_SeafarersAverageNumberOfEmployees"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_LandBasedWorkersAverageNumberOfEmployees" xlink:label="loc_2I0HHGGF8208_trmd_LandBasedWorkersAverageNumberOfEmployees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_LandBasedWorkersAverageNumberOfEmployees" xml:lang="en-US">Land Based Workers Average Number Of Employees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_LandBasedWorkersAverageNumberOfEmployees" xml:lang="en-US">Land-based</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_LandBasedWorkersAverageNumberOfEmployees" xml:lang="en-US">The average number of land-based workers employed by the entity during a period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_LandBasedWorkersAverageNumberOfEmployees" xlink:to="lab_4K2JJIIH0420_trmd_LandBasedWorkersAverageNumberOfEmployees"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AverageNumberOfEmployees" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AverageNumberOfEmployees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AverageNumberOfEmployees" xml:lang="en-US">Average number of employees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AverageNumberOfEmployees" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AverageNumberOfEmployees" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AverageNumberOfEmployees" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AverageNumberOfEmployees"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NameOfDirectorAxis" xlink:label="loc_2I0HHGGF8208_trmd_NameOfDirectorAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NameOfDirectorAxis" xml:lang="en-US">Name Of Director [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NameOfDirectorAxis" xml:lang="en-US">Information of name of individual director.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NameOfDirectorAxis" xlink:to="lab_4K2JJIIH0420_trmd_NameOfDirectorAxis"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NameOfDirectorDomain" xlink:label="loc_I9G01G3G9932937HF776_trmd_NameOfDirectorDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NameOfDirectorDomain" xml:lang="en-US">Name Of Director [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NameOfDirectorDomain" xml:lang="en-US">Name of Director of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NameOfDirectorDomain" xlink:to="lab_K1I23I5I1154159JH998_trmd_NameOfDirectorDomain"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_CheamDirectorsLimitedMember" xlink:label="loc_2I0HHGGF8208_trmd_CheamDirectorsLimitedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_CheamDirectorsLimitedMember" xml:lang="en-US">Cheam Directors Limited [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_CheamDirectorsLimitedMember" xml:lang="en-US">Cheam Directors Limited</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_CheamDirectorsLimitedMember" xml:lang="en-US">Former member of the Board of Directors of Njord.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_CheamDirectorsLimitedMember" xlink:to="lab_4K2JJIIH0420_trmd_CheamDirectorsLimitedMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ChristopherHBoehringerMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_ChristopherHBoehringerMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ChristopherHBoehringerMember" xml:lang="en-US">Christopher H Boehringer [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ChristopherHBoehringerMember" xml:lang="en-US">Christopher H. Boehringer</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ChristopherHBoehringerMember" xml:lang="en-US">Represents Non-Executive Director and Chairman of Board of Directors.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ChristopherHBoehringerMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_ChristopherHBoehringerMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_KariMillumGardarnarMember" xlink:label="loc_2I0HHGGF8208_trmd_KariMillumGardarnarMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_KariMillumGardarnarMember" xml:lang="en-US">Kari Millum Gardarnar [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_KariMillumGardarnarMember" xml:lang="en-US">Kari Millum Gardarnar</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_KariMillumGardarnarMember" xml:lang="en-US">Represents a former board of director and board observer of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_KariMillumGardarnarMember" xlink:to="lab_4K2JJIIH0420_trmd_KariMillumGardarnarMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_RasmusJohannesHoffmannMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_RasmusJohannesHoffmannMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_RasmusJohannesHoffmannMember" xml:lang="en-US">Rasmus Johannes Hoffmann [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_RasmusJohannesHoffmannMember" xml:lang="en-US">Rasmus Johannes Hoffmann</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_RasmusJohannesHoffmannMember" xml:lang="en-US">Represents a former board of director and board observer of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_RasmusJohannesHoffmannMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_RasmusJohannesHoffmannMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_FlemmingIpsenMember" xlink:label="loc_2I0HHGGF8208_trmd_FlemmingIpsenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_FlemmingIpsenMember" xml:lang="en-US">Flemming Ipsen [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_FlemmingIpsenMember" xml:lang="en-US">Flemming Ipsen</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_FlemmingIpsenMember" xml:lang="en-US">Represents a former board of director of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_FlemmingIpsenMember" xlink:to="lab_4K2JJIIH0420_trmd_FlemmingIpsenMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OlivierDuboisMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_OlivierDuboisMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OlivierDuboisMember" xml:lang="en-US">Olivier Dubois [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OlivierDuboisMember" xml:lang="en-US">Olivier Dubois</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OlivierDuboisMember" xml:lang="en-US">Represents a former board of director of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OlivierDuboisMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_OlivierDuboisMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AlexanderGreenMember" xlink:label="loc_2I0HHGGF8208_trmd_AlexanderGreenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AlexanderGreenMember" xml:lang="en-US">Alexander Green [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_AlexanderGreenMember" xml:lang="en-US">Alexander Green</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_AlexanderGreenMember" xml:lang="en-US">Represents a former board of director of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AlexanderGreenMember" xlink:to="lab_4K2JJIIH0420_trmd_AlexanderGreenMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_JonSyvertsenMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_JonSyvertsenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_JonSyvertsenMember" xml:lang="en-US">Jon Syvertsen [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_JonSyvertsenMember" xml:lang="en-US">Jon Syvertsen</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_JonSyvertsenMember" xml:lang="en-US">Represents a former board of director of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_JonSyvertsenMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_JonSyvertsenMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DavidWeinsteinMember" xlink:label="loc_2I0HHGGF8208_trmd_DavidWeinsteinMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DavidWeinsteinMember" xml:lang="en-US">David Weinstein [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DavidWeinsteinMember" xml:lang="en-US">David Weinstein</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DavidWeinsteinMember" xml:lang="en-US">Represents a board of director of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DavidWeinsteinMember" xlink:to="lab_4K2JJIIH0420_trmd_DavidWeinsteinMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TorbenJanholtMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_TorbenJanholtMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_TorbenJanholtMember" xml:lang="en-US">Torben Janholt [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_TorbenJanholtMember" xml:lang="en-US">Torben Janholt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_TorbenJanholtMember" xml:lang="en-US">Represents a board of director of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_TorbenJanholtMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_TorbenJanholtMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_GoranTrappMember" xlink:label="loc_2I0HHGGF8208_trmd_GoranTrappMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_GoranTrappMember" xml:lang="en-US">Goran Trapp [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_GoranTrappMember" xml:lang="en-US">Goran Trapp</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_GoranTrappMember" xml:lang="en-US">Represents a board of director of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_GoranTrappMember" xlink:to="lab_4K2JJIIH0420_trmd_GoranTrappMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_JefferySteinMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_JefferySteinMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_JefferySteinMember" xml:lang="en-US">Jeffery Stein [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_JefferySteinMember" xml:lang="en-US">Jeffery Stein</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_JefferySteinMember" xml:lang="en-US">Represents a former board of director and board observer of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_JefferySteinMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_JefferySteinMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:label="loc_2I0HHGGF8208_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xml:lang="en-US">Key management personnel compensation, termination benefits</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:to="lab_4K2JJIIH0420_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_JacobMeldgaardMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_JacobMeldgaardMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_JacobMeldgaardMember" xml:lang="en-US">Jacob Meldgaard [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_JacobMeldgaardMember" xml:lang="en-US">Jacob Meldgaard</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_JacobMeldgaardMember" xml:lang="en-US">Represents executive director of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_JacobMeldgaardMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_JacobMeldgaardMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_EmployeeTaxableBenefits" xlink:label="loc_2I0HHGGF8208_trmd_EmployeeTaxableBenefits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_EmployeeTaxableBenefits" xml:lang="en-US">Employee Taxable Benefits</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_EmployeeTaxableBenefits" xml:lang="en-US">Taxable benefits</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_EmployeeTaxableBenefits" xml:lang="en-US">Taxable benefits are benefits provided to employees that the employer has to add to the employee's income each period to determine the total amount of income that is subject to source tax deductions.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_EmployeeTaxableBenefits" xlink:to="lab_4K2JJIIH0420_trmd_EmployeeTaxableBenefits"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_EmployeeAnnualPerformanceBonus" xlink:label="loc_I9G01G3G9932937HF776_trmd_EmployeeAnnualPerformanceBonus"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_EmployeeAnnualPerformanceBonus" xml:lang="en-US">Employee Annual Performance Bonus</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_EmployeeAnnualPerformanceBonus" xml:lang="en-US">Annual performance bonus</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_EmployeeAnnualPerformanceBonus" xml:lang="en-US">Represents a compensation beyond normal wages and is typically awarded after a performance appraisal and analysis of projects completed by the employee over a specific period of time.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_EmployeeAnnualPerformanceBonus" xlink:to="lab_K1I23I5I1154159JH998_trmd_EmployeeAnnualPerformanceBonus"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_EmployeeTransactionBonus" xlink:label="loc_2I0HHGGF8208_trmd_EmployeeTransactionBonus"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_EmployeeTransactionBonus" xml:lang="en-US">Employee Transaction Bonus</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_EmployeeTransactionBonus" xml:lang="en-US">Transaction bonus</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_EmployeeTransactionBonus" xml:lang="en-US">Within effective date of a "Transaction", the entity shall pay lump-sum amount in cash (the "Transaction Bonus") in the amount to be determined by the Compensation Committee of the Company's Board of Directors at the time of such Transaction.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_EmployeeTransactionBonus" xlink:to="lab_4K2JJIIH0420_trmd_EmployeeTransactionBonus"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DirectorsRemunerationExpense" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DirectorsRemunerationExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DirectorsRemunerationExpense" xml:lang="en-US">Directors' remuneration expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DirectorsRemunerationExpense" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DirectorsRemunerationExpense" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DirectorsRemunerationExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xml:lang="en-US">Types of share-based payment arrangements [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SharebasedPaymentArrangementsMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_SharebasedPaymentArrangementsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_SharebasedPaymentArrangementsMember" xml:lang="en-US">Share-based payment arrangements [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_SharebasedPaymentArrangementsMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_SharebasedPaymentArrangementsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_LongTermIncentivePlanMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_LongTermIncentivePlanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_LongTermIncentivePlanMember" xml:lang="en-US">Long Term Incentive Plan [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_LongTermIncentivePlanMember" xml:lang="en-US">Long term incentive plan</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_LongTermIncentivePlanMember" xml:lang="en-US">Represents a Long-Term Incentive Plan.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_LongTermIncentivePlanMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_LongTermIncentivePlanMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xml:lang="en-US">Number of other equity instruments granted in share-based payment arrangement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xml:lang="en-US">RSU LTIP grant</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xml:lang="en-US">Number of RSUs granted</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xml:lang="en-US">Granted during the period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement" xlink:label="loc_2I0HHGGF8208_trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement" xml:lang="en-US">Exercise Price Per Share Of Other Equity Instruments Granted In Share Based Payment Arrangement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement" xml:lang="en-US">Exercise price per share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement" xml:lang="en-US">Exercise price of RSU</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement" xml:lang="en-US">Represents the exercise price per share of other equity instruments (ie other than share options) in share-based payment arrangement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement" xlink:to="lab_4K2JJIIH0420_trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ValueOfOtherEquityInstrumentsGranted" xlink:label="loc_I9G01G3G9932937HF776_trmd_ValueOfOtherEquityInstrumentsGranted"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ValueOfOtherEquityInstrumentsGranted" xml:lang="en-US">Value Of Other Equity Instruments Granted</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ValueOfOtherEquityInstrumentsGranted" xml:lang="en-US">RSU grant value assuming 100% vesting</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ValueOfOtherEquityInstrumentsGranted" xml:lang="en-US">Value of RSUs grant</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ValueOfOtherEquityInstrumentsGranted" xml:lang="en-US">Represents the value of other equity instruments (ie other than share options) granted in share-based payment arrangement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ValueOfOtherEquityInstrumentsGranted" xlink:to="lab_K1I23I5I1154159JH998_trmd_ValueOfOtherEquityInstrumentsGranted"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfOtherEquityInstrumentsVesting" xlink:label="loc_2I0HHGGF8208_trmd_PercentageOfOtherEquityInstrumentsVesting"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfOtherEquityInstrumentsVesting" xml:lang="en-US">Percentage Of Other Equity Instruments Vesting</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfOtherEquityInstrumentsVesting" xml:lang="en-US">Vesting percentage of RSU grant</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfOtherEquityInstrumentsVesting" xml:lang="en-US">Vesting percentage of RSU grant</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfOtherEquityInstrumentsVesting" xml:lang="en-US">Percentage Of Other Equity Instruments Vesting.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PercentageOfOtherEquityInstrumentsVesting" xlink:to="lab_4K2JJIIH0420_trmd_PercentageOfOtherEquityInstrumentsVesting"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xml:lang="en-US">Number of other equity instruments outstanding in share-based payment arrangement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xml:lang="en-US">Number of RSUs outstanding as of date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xml:lang="en-US">Outstanding 1 January</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xml:lang="en-US">Outstanding 31 December</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:label="loc_2I0HHGGF8208_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xml:lang="en-US">Number of other equity instruments exercised or vested in share-based payment arrangement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xml:lang="en-US">Exercised during the period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:to="lab_4K2JJIIH0420_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement" xml:lang="en-US">Number of other equity instruments expired in share-based payment arrangement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement" xml:lang="en-US">Expired during the period</label>
<label xlink:type="resource" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US">Expired during the period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xlink:label="loc_2I0HHGGF8208_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xml:lang="en-US">Number of other equity instruments forfeited in share-based payment arrangement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xml:lang="en-US">Forfeited during the period</label>
<label xlink:type="resource" xlink:label="lab_4K2JJIIH0420_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US">Forfeited during the period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xlink:to="lab_4K2JJIIH0420_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement" xml:lang="en-US">Number of other equity instruments exercisable in share-based payment arrangement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement" xml:lang="en-US">Exercisable 31 December</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_KeyManagementPersonnelOfEntityOrParentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xml:lang="en-US">Key management personnel of entity or parent [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xml:lang="en-US">Key management personnel of entity or parent</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_KeyManagementPersonnelOfEntityOrParentMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ChiefExecutiveOfficerCEOMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_ChiefExecutiveOfficerCEOMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ChiefExecutiveOfficerCEOMember" xml:lang="en-US">Chief Executive Officer Ceo [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ChiefExecutiveOfficerCEOMember" xml:lang="en-US">Chief executive officer</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ChiefExecutiveOfficerCEOMember" xml:lang="en-US">Represents a chief executive officer (CEO).</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ChiefExecutiveOfficerCEOMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_ChiefExecutiveOfficerCEOMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses" xlink:label="loc_2I0HHGGF8208_trmd_NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses" xml:lang="en-US">Number Of Seafarer Employees For Which Staff Costs Included In Operating Expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses" xml:lang="en-US">Number of seafarers for which staff costs included in operating expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses" xml:lang="en-US">The number of seafarer employees for which staff costs included in operating expenses.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses" xlink:to="lab_4K2JJIIH0420_trmd_NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_KeyManagementPersonnelCompensation" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_KeyManagementPersonnelCompensation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_KeyManagementPersonnelCompensation" xml:lang="en-US">Key management personnel compensation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_KeyManagementPersonnelCompensation" xml:lang="en-US">Agreegate compensation paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_KeyManagementPersonnelCompensation" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_KeyManagementPersonnelCompensation"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:label="loc_2I0HHGGF8208_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xml:lang="en-US">Key management personnel compensation, post-employment benefits</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xml:lang="en-US">Agrergate compensation paid for pensions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:to="lab_4K2JJIIH0420_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_VestingPeriodOfOtherEquityInstrumentsGranted" xlink:label="loc_I9G01G3G9932937HF776_trmd_VestingPeriodOfOtherEquityInstrumentsGranted"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_VestingPeriodOfOtherEquityInstrumentsGranted" xml:lang="en-US">Vesting Period Of Other Equity Instruments Granted</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_VestingPeriodOfOtherEquityInstrumentsGranted" xml:lang="en-US">Vesting period of RSUs granted</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_VestingPeriodOfOtherEquityInstrumentsGranted" xml:lang="en-US">Vesting period of RSUs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_VestingPeriodOfOtherEquityInstrumentsGranted" xml:lang="en-US">Represents the vesting perid of other equity instruments (ie other than share options) in share-based payment arrangement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_VestingPeriodOfOtherEquityInstrumentsGranted" xlink:to="lab_K1I23I5I1154159JH998_trmd_VestingPeriodOfOtherEquityInstrumentsGranted"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_InstallmentOfGrantAmountVestingAtEachAnniversary" xlink:label="loc_2I0HHGGF8208_trmd_InstallmentOfGrantAmountVestingAtEachAnniversary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_InstallmentOfGrantAmountVestingAtEachAnniversary" xml:lang="en-US">Installment Of Grant Amount Vesting At Each Anniversary</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_InstallmentOfGrantAmountVestingAtEachAnniversary" xml:lang="en-US">Installment of RSUs vesting at each anniversary date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_InstallmentOfGrantAmountVestingAtEachAnniversary" xml:lang="en-US">Represents installment of the grant amount vesting at each anniversary date of other equity instruments (ie other than share options) in share-based payment arrangement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_InstallmentOfGrantAmountVestingAtEachAnniversary" xlink:to="lab_4K2JJIIH0420_trmd_InstallmentOfGrantAmountVestingAtEachAnniversary"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfSharesVestedAtFirstAnniversaryOtherEquityInstruments" xlink:label="loc_I9G01G3G9932937HF776_trmd_NumberOfSharesVestedAtFirstAnniversaryOtherEquityInstruments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfSharesVestedAtFirstAnniversaryOtherEquityInstruments" xml:lang="en-US">Number Of Shares Vested At First Anniversary Other Equity Instruments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfSharesVestedAtFirstAnniversaryOtherEquityInstruments" xml:lang="en-US">Number of one fifth grant RSUs vested</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfSharesVestedAtFirstAnniversaryOtherEquityInstruments" xml:lang="en-US">The number of one fifth grant other equity instruments (ie other than share options) vested in share-based payment arrangement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NumberOfSharesVestedAtFirstAnniversaryOtherEquityInstruments" xlink:to="lab_K1I23I5I1154159JH998_trmd_NumberOfSharesVestedAtFirstAnniversaryOtherEquityInstruments"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_MarketPricePerShare" xlink:label="loc_2I0HHGGF8208_trmd_MarketPricePerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_MarketPricePerShare" xml:lang="en-US">Market Price Per Share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_MarketPricePerShare" xml:lang="en-US">Market value of one TORM A-share (the closing price on 15 January 2016)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_MarketPricePerShare" xml:lang="en-US">Represents the market price per share of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_MarketPricePerShare" xlink:to="lab_4K2JJIIH0420_trmd_MarketPricePerShare"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ExercisePriceOfOtherEquityInstrumentsAfterVestingDate" xlink:label="loc_I9G01G3G9932937HF776_trmd_ExercisePriceOfOtherEquityInstrumentsAfterVestingDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ExercisePriceOfOtherEquityInstrumentsAfterVestingDate" xml:lang="en-US">Exercise Price Of Other Equity Instruments After Vesting Date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ExercisePriceOfOtherEquityInstrumentsAfterVestingDate" xml:lang="en-US">Exercise price of RSUs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ExercisePriceOfOtherEquityInstrumentsAfterVestingDate" xml:lang="en-US">Represents exercise price of other equity instruments (ie other than share options) after vesting date in a share-based payment arrangement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ExercisePriceOfOtherEquityInstrumentsAfterVestingDate" xlink:to="lab_K1I23I5I1154159JH998_trmd_ExercisePriceOfOtherEquityInstrumentsAfterVestingDate"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate" xlink:label="loc_2I0HHGGF8208_trmd_ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate" xml:lang="en-US">Exercise Period Of Other Equity Instruments After Vesting Date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate" xml:lang="en-US">Exercise period of RSUs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate" xml:lang="en-US">Represents exercise period of other equity instruments (ie other than share options) after vesting date in a share-based payment arrangement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate" xlink:to="lab_4K2JJIIH0420_trmd_ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AuditFeesAbstract" xlink:label="loc_I9G01G3G9932937HF776_trmd_AuditFeesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_AuditFeesAbstract" xml:lang="en-US">Audit Fees [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_AuditFeesAbstract" xml:lang="en-US">Audit fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_AuditFeesAbstract" xml:lang="en-US">Represents audit fees.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_AuditFeesAbstract" xlink:to="lab_K1I23I5I1154159JH998_trmd_AuditFeesAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AuditFeesForAuditOfAnnualAccounts" xlink:label="loc_2I0HHGGF8208_trmd_AuditFeesForAuditOfAnnualAccounts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AuditFeesForAuditOfAnnualAccounts" xml:lang="en-US">Audit Fees For Audit Of Annual Accounts</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_AuditFeesForAuditOfAnnualAccounts" xml:lang="en-US">Fees payable to the Company's auditor for the audit of the Company's annual accounts</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_AuditFeesForAuditOfAnnualAccounts" xml:lang="en-US">The amount of fees paid or payable for the audit of the company's annual accounts.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AuditFeesForAuditOfAnnualAccounts" xlink:to="lab_4K2JJIIH0420_trmd_AuditFeesForAuditOfAnnualAccounts"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AuditFeesForAuditOfSubsidiariesPursuantToLegislation" xlink:label="loc_I9G01G3G9932937HF776_trmd_AuditFeesForAuditOfSubsidiariesPursuantToLegislation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_AuditFeesForAuditOfSubsidiariesPursuantToLegislation" xml:lang="en-US">Audit Fees For Audit Of Subsidiaries Pursuant To Legislation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_AuditFeesForAuditOfSubsidiariesPursuantToLegislation" xml:lang="en-US">Audit of the Company's subsidiaries pursuant to legislation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_AuditFeesForAuditOfSubsidiariesPursuantToLegislation" xml:lang="en-US">The amount of fees paid or payable for the audit of the company's subsidiaries pursuant to legislation.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_AuditFeesForAuditOfSubsidiariesPursuantToLegislation" xlink:to="lab_K1I23I5I1154159JH998_trmd_AuditFeesForAuditOfSubsidiariesPursuantToLegislation"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AuditFees" xlink:label="loc_2I0HHGGF8208_trmd_AuditFees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AuditFees" xml:lang="en-US">Audit Fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_AuditFees" xml:lang="en-US">Total audit fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_trmd_AuditFees" xml:lang="en-US">Total audit fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_AuditFees" xml:lang="en-US">The amount of expense relating to audit fees.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AuditFees" xlink:to="lab_4K2JJIIH0420_trmd_AuditFees"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NonAuditFeesAbstract" xlink:label="loc_I9G01G3G9932937HF776_trmd_NonAuditFeesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NonAuditFeesAbstract" xml:lang="en-US">Non Audit Fees [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_NonAuditFeesAbstract" xml:lang="en-US">Non-audit fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NonAuditFeesAbstract" xml:lang="en-US">Represents non audit fees.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NonAuditFeesAbstract" xlink:to="lab_K1I23I5I1154159JH998_trmd_NonAuditFeesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AuditorsRemunerationForAuditServices" xlink:label="loc_2I0HHGGF8208_ifrs-full_AuditorsRemunerationForAuditServices"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AuditorsRemunerationForAuditServices" xml:lang="en-US">Auditor's remuneration for audit services</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AuditorsRemunerationForAuditServices" xml:lang="en-US">Audit related services</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AuditorsRemunerationForAuditServices" xlink:to="lab_4K2JJIIH0420_ifrs-full_AuditorsRemunerationForAuditServices"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AuditorsRemunerationForTaxServices" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AuditorsRemunerationForTaxServices"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AuditorsRemunerationForTaxServices" xml:lang="en-US">Auditor's remuneration for tax services</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AuditorsRemunerationForTaxServices" xml:lang="en-US">Tax services</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AuditorsRemunerationForTaxServices" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AuditorsRemunerationForTaxServices"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AuditorsRemunerationForOtherServices" xlink:label="loc_2I0HHGGF8208_ifrs-full_AuditorsRemunerationForOtherServices"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AuditorsRemunerationForOtherServices" xml:lang="en-US">Auditor's remuneration for other services</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AuditorsRemunerationForOtherServices" xml:lang="en-US">Other services</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AuditorsRemunerationForOtherServices" xlink:to="lab_4K2JJIIH0420_ifrs-full_AuditorsRemunerationForOtherServices"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NonAuditFees" xlink:label="loc_I9G01G3G9932937HF776_trmd_NonAuditFees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NonAuditFees" xml:lang="en-US">Non Audit Fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_NonAuditFees" xml:lang="en-US">Total non-audit fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NonAuditFees" xml:lang="en-US">The amount of expense relating to non-audit fees.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NonAuditFees" xlink:to="lab_K1I23I5I1154159JH998_trmd_NonAuditFees"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AuditorsRemuneration" xlink:label="loc_2I0HHGGF8208_ifrs-full_AuditorsRemuneration"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AuditorsRemuneration" xml:lang="en-US">Auditor's remuneration</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AuditorsRemuneration" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AuditorsRemuneration" xlink:to="lab_4K2JJIIH0420_ifrs-full_AuditorsRemuneration"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillTable" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillTable" xml:lang="en-US">Disclosure of reconciliation of changes in intangible assets and goodwill [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillTable" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CarryingAmountMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CarryingAmountMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CarryingAmountMember" xml:lang="en-US">Carrying amount [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CarryingAmountMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CarryingAmountMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GrossCarryingAmountMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_GrossCarryingAmountMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_GrossCarryingAmountMember" xml:lang="en-US">Gross carrying amount [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_GrossCarryingAmountMember" xml:lang="en-US">Gross</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_GrossCarryingAmountMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_GrossCarryingAmountMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AccumulatedImpairmentMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AccumulatedImpairmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AccumulatedImpairmentMember" xml:lang="en-US">Accumulated impairment [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AccumulatedImpairmentMember" xml:lang="en-US">Accumulated impairment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AccumulatedImpairmentMember" xml:lang="en-US">Provision for impairment of freight receivables</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AccumulatedImpairmentMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AccumulatedImpairmentMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems" xml:lang="en-US">Disclosure of reconciliation of changes in intangible assets and goodwill [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Goodwill" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_Goodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Goodwill" xml:lang="en-US">Goodwill</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Goodwill" xml:lang="en-US">Carrying amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Goodwill" xml:lang="en-US">Goodwill at begining of period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Goodwill" xml:lang="en-US">Goodwill</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Goodwill" xml:lang="en-US">Goodwill at begining of period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Goodwill" xml:lang="en-US">Goodwill at end of period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_Goodwill" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_Goodwill"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdditionalRecognitionGoodwill" xlink:label="loc_2I0HHGGF8208_ifrs-full_AdditionalRecognitionGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdditionalRecognitionGoodwill" xml:lang="en-US">Additional recognition, goodwill</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdditionalRecognitionGoodwill" xml:lang="en-US">Additions during the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AdditionalRecognitionGoodwill" xlink:to="lab_4K2JJIIH0420_ifrs-full_AdditionalRecognitionGoodwill"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill" xml:lang="en-US">Adjustments for impairment loss recognised in profit or loss, goodwill</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill" xml:lang="en-US">Impairment losses for the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_VesselsAndCapitalizedDryDockingMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_VesselsAndCapitalizedDryDockingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselsAndCapitalizedDryDockingMember" xml:lang="en-US">Vessels And Capitalized Dry Docking [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselsAndCapitalizedDryDockingMember" xml:lang="en-US">Vessels and capitalized dry docking</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselsAndCapitalizedDryDockingMember" xml:lang="en-US">This member stands for vessels and capitalized dry docking representing property, plant and equipment that the entity does not separately disclose in the same statement or note.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_VesselsAndCapitalizedDryDockingMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_VesselsAndCapitalizedDryDockingMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xml:lang="en-US">Accumulated depreciation, amortisation and impairment [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember"/>




<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xml:lang="en-US">Property, plant and equipment by operating lease status [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xml:lang="en-US">Property, plant and equipment by operating lease status [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xml:lang="en-US">Property, plant and equipment subject to operating leases [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xml:lang="en-US">Property, plant and equipment subject to operating leases</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xml:lang="en-US">Reconciliation of changes in property, plant and equipment [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xml:lang="en-US">Additions other than through business combinations, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xml:lang="en-US">Additions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:label="loc_2I0HHGGF8208_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xml:lang="en-US">Acquisitions through business combinations, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xml:lang="en-US">Additions from business combinations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="lab_4K2JJIIH0420_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisposalsPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisposalsPropertyPlantAndEquipment" xml:lang="en-US">Disposals, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisposalsPropertyPlantAndEquipment" xml:lang="en-US">Disposals</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisposalsPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:label="loc_2I0HHGGF8208_ifrs-full_DepreciationPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DepreciationPropertyPlantAndEquipment" xml:lang="en-US">Depreciation, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DepreciationPropertyPlantAndEquipment" xml:lang="en-US">Depreciation for the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:to="lab_4K2JJIIH0420_ifrs-full_DepreciationPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment" xml:lang="en-US">Increase (decrease) through other changes, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment" xml:lang="en-US">Transferred to/from other items</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:label="loc_2I0HHGGF8208_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xml:lang="en-US">Decrease through classified as held for sale, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xml:lang="en-US">Transferred to assets held-for-sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:to="lab_4K2JJIIH0420_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xml:lang="en-US">Impairment loss recognised in profit or loss, property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xml:lang="en-US">Impairment losses on tangible fixed assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PrepaymentsOnVesselsAbstract" xlink:label="loc_2I0HHGGF8208_trmd_PrepaymentsOnVesselsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PrepaymentsOnVesselsAbstract" xml:lang="en-US">Prepayments On Vessels [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PrepaymentsOnVesselsAbstract" xlink:to="lab_4K2JJIIH0420_trmd_PrepaymentsOnVesselsAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PrepaymentsOnVesselsAdditions" xlink:label="loc_I9G01G3G9932937HF776_trmd_PrepaymentsOnVesselsAdditions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PrepaymentsOnVesselsAdditions" xml:lang="en-US">Prepayments On Vessels Additions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PrepaymentsOnVesselsAdditions" xml:lang="en-US">Additions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PrepaymentsOnVesselsAdditions" xml:lang="en-US">The amount of additions to prepayments on vessels.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PrepaymentsOnVesselsAdditions" xlink:to="lab_K1I23I5I1154159JH998_trmd_PrepaymentsOnVesselsAdditions"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PrepaymentsOnVesselsTransferredToFromOtherItems" xlink:label="loc_2I0HHGGF8208_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems" xml:lang="en-US">Prepayments On Vessels Transferred To From Other Items</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems" xml:lang="en-US">Transferred to/from other items</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems" xml:lang="en-US">The amount of transferred to from other items to prepayments on vessels.</label>
<label xlink:type="resource" xlink:label="lab_4K2JJIIH0420_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US">Transferred to/from other items</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems" xlink:to="lab_4K2JJIIH0420_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestCostsCapitalised" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_InterestCostsCapitalised"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_InterestCostsCapitalised" xml:lang="en-US">Interest costs capitalised</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_InterestCostsCapitalised" xml:lang="en-US">Capitalized dry-docking costs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_InterestCostsCapitalised" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_InterestCostsCapitalised"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PeriodOverWhichAdjustedAverageRatesAreConsideredForEstimatingFutureFreightRates" xlink:label="loc_2I0HHGGF8208_trmd_PeriodOverWhichAdjustedAverageRatesAreConsideredForEstimatingFutureFreightRates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PeriodOverWhichAdjustedAverageRatesAreConsideredForEstimatingFutureFreightRates" xml:lang="en-US">Period Over Which Adjusted Average Rates Are Considered For Estimating Future Freight Rates</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_PeriodOverWhichAdjustedAverageRatesAreConsideredForEstimatingFutureFreightRates" xml:lang="en-US">Projected cash flows calculation period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PeriodOverWhichAdjustedAverageRatesAreConsideredForEstimatingFutureFreightRates" xml:lang="en-US">Period over which adjusted average rates are considered for estimating future freight rates.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PeriodOverWhichAdjustedAverageRatesAreConsideredForEstimatingFutureFreightRates" xlink:to="lab_4K2JJIIH0420_trmd_PeriodOverWhichAdjustedAverageRatesAreConsideredForEstimatingFutureFreightRates"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ImpairmentLossInCaseClarksonFreightRatesWereUsed" xlink:label="loc_I9G01G3G9932937HF776_trmd_ImpairmentLossInCaseClarksonFreightRatesWereUsed"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ImpairmentLossInCaseClarksonFreightRatesWereUsed" xml:lang="en-US">Impairment Loss In Case Clarkson Freight Rates Were Used</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ImpairmentLossInCaseClarksonFreightRatesWereUsed" xml:lang="en-US">Impairment charge arising in current year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ImpairmentLossInCaseClarksonFreightRatesWereUsed" xml:lang="en-US">The impairment charge for current year if clarkson's freight rates would have been used.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ImpairmentLossInCaseClarksonFreightRatesWereUsed" xlink:to="lab_K1I23I5I1154159JH998_trmd_ImpairmentLossInCaseClarksonFreightRatesWereUsed"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:label="loc_2I0HHGGF8208_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xml:lang="en-US">Discount rate used in current estimate of value in use</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xml:lang="en-US">Discount rate used in calculation based on a Weighted Average Cost of Capital (WACC)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:to="lab_4K2JJIIH0420_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitTable" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitTable" xml:lang="en-US">Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitTable" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitTable"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_VesselClassAxis" xlink:label="loc_2I0HHGGF8208_trmd_VesselClassAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_VesselClassAxis" xml:lang="en-US">Vessel Class [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_VesselClassAxis" xml:lang="en-US">Represents different classes of vessels.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_VesselClassAxis" xlink:to="lab_4K2JJIIH0420_trmd_VesselClassAxis"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_VesselClassDomain" xlink:label="loc_I9G01G3G9932937HF776_trmd_VesselClassDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselClassDomain" xml:lang="en-US">Vessel Class [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselClassDomain" xml:lang="en-US">Represents different classes of vessels.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_VesselClassDomain" xlink:to="lab_K1I23I5I1154159JH998_trmd_VesselClassDomain"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_VesselClassLrTwoMember" xlink:label="loc_2I0HHGGF8208_trmd_VesselClassLrTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_VesselClassLrTwoMember" xml:lang="en-US">Vessel Class Lr Two [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_VesselClassLrTwoMember" xml:lang="en-US">LR2</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_VesselClassLrTwoMember" xml:lang="en-US">Description of vessel class LR 2.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_VesselClassLrTwoMember" xlink:to="lab_4K2JJIIH0420_trmd_VesselClassLrTwoMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_VesselClassLrOneMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_VesselClassLrOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselClassLrOneMember" xml:lang="en-US">Vessel Class Lr One [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselClassLrOneMember" xml:lang="en-US">LR1</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselClassLrOneMember" xml:lang="en-US">LR1 Tanker</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselClassLrOneMember" xml:lang="en-US">Description of vessel class LR 1.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_VesselClassLrOneMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_VesselClassLrOneMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_VesselClassMrMember" xlink:label="loc_2I0HHGGF8208_trmd_VesselClassMrMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_VesselClassMrMember" xml:lang="en-US">Vessel Class Mr [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_VesselClassMrMember" xml:lang="en-US">MR</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_VesselClassMrMember" xml:lang="en-US">MR Tanker</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_VesselClassMrMember" xml:lang="en-US">Description of vessel class MR.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_VesselClassMrMember" xlink:to="lab_4K2JJIIH0420_trmd_VesselClassMrMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_VesselClassHandysizeMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_VesselClassHandysizeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselClassHandysizeMember" xml:lang="en-US">Vessel Class Handysize [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselClassHandysizeMember" xml:lang="en-US">Handysize</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselClassHandysizeMember" xml:lang="en-US">Handysize Tanker</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselClassHandysizeMember" xml:lang="en-US">Description of vessel class Handysize.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_VesselClassHandysizeMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_VesselClassHandysizeMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems" xml:lang="en-US">Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation" xlink:label="loc_I9G01G3G9932937HF776_trmd_AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation" xml:lang="en-US">Amended Historical Average Spot Freight Rate Per Day Used In Value In Use Calculation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation" xml:lang="en-US">Amended historical average spot rate used in per day freight rate calculation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation" xml:lang="en-US">Represents amount of amended historical average spot freight rates per day used in the calculation of value-in-use.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation" xlink:to="lab_K1I23I5I1154159JH998_trmd_AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DescriptionOfHistoricalAverageSpotFreightRates" xlink:label="loc_2I0HHGGF8208_trmd_DescriptionOfHistoricalAverageSpotFreightRates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfHistoricalAverageSpotFreightRates" xml:lang="en-US">Description Of Historical Average Spot Freight Rates</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfHistoricalAverageSpotFreightRates" xml:lang="en-US">Historical average spot freight rates</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DescriptionOfHistoricalAverageSpotFreightRates" xml:lang="en-US">The description of historical information about average spot freight rates.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DescriptionOfHistoricalAverageSpotFreightRates" xlink:to="lab_4K2JJIIH0420_trmd_DescriptionOfHistoricalAverageSpotFreightRates"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfAdjustmentOfOperatingExpensesForInflation" xlink:label="loc_I9G01G3G9932937HF776_trmd_PercentageOfAdjustmentOfOperatingExpensesForInflation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfAdjustmentOfOperatingExpensesForInflation" xml:lang="en-US">Percentage Of Adjustment Of Operating Expenses For Inflation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfAdjustmentOfOperatingExpensesForInflation" xml:lang="en-US">Adjustment of operating expenses for inflation, percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfAdjustmentOfOperatingExpensesForInflation" xml:lang="en-US">Represents percentage of adjustment of operating expenses for inflation.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PercentageOfAdjustmentOfOperatingExpensesForInflation" xlink:to="lab_K1I23I5I1154159JH998_trmd_PercentageOfAdjustmentOfOperatingExpensesForInflation"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfAdjustmentOfAdministrativeExpensesForInflation" xlink:label="loc_2I0HHGGF8208_trmd_PercentageOfAdjustmentOfAdministrativeExpensesForInflation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfAdjustmentOfAdministrativeExpensesForInflation" xml:lang="en-US">Percentage Of Adjustment Of Administrative Expenses For Inflation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfAdjustmentOfAdministrativeExpensesForInflation" xml:lang="en-US">Adjustment of administrative expenses for inflation, percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfAdjustmentOfAdministrativeExpensesForInflation" xml:lang="en-US">Represents percentage of adjustment of administrative expenses for inflation.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PercentageOfAdjustmentOfAdministrativeExpensesForInflation" xlink:to="lab_4K2JJIIH0420_trmd_PercentageOfAdjustmentOfAdministrativeExpensesForInflation"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ExpectedToGenerateNormalIncomeFromDeliveryFromShipyardPeriod" xlink:label="loc_I9G01G3G9932937HF776_trmd_ExpectedToGenerateNormalIncomeFromDeliveryFromShipyardPeriod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ExpectedToGenerateNormalIncomeFromDeliveryFromShipyardPeriod" xml:lang="en-US">Expected To Generate Normal Income From Delivery From Shipyard Period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ExpectedToGenerateNormalIncomeFromDeliveryFromShipyardPeriod" xml:lang="en-US">Expected to generate normal income from delivery from shipyard</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ExpectedToGenerateNormalIncomeFromDeliveryFromShipyardPeriod" xml:lang="en-US">Represents period expected to generate normal income from delivery from shipyard.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ExpectedToGenerateNormalIncomeFromDeliveryFromShipyardPeriod" xlink:to="lab_K1I23I5I1154159JH998_trmd_ExpectedToGenerateNormalIncomeFromDeliveryFromShipyardPeriod"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AverageRemainingLifeOfTanker" xlink:label="loc_2I0HHGGF8208_trmd_AverageRemainingLifeOfTanker"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AverageRemainingLifeOfTanker" xml:lang="en-US">Average Remaining Life Of Tanker</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_AverageRemainingLifeOfTanker" xml:lang="en-US">Average remaining life of tanker</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_AverageRemainingLifeOfTanker" xml:lang="en-US">Represents term of average remaining life of tanker.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AverageRemainingLifeOfTanker" xlink:to="lab_4K2JJIIH0420_trmd_AverageRemainingLifeOfTanker"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionPerDayFreightRates" xlink:label="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionPerDayFreightRates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionPerDayFreightRates" xml:lang="en-US">Sensitivity Analysis Of Value In Use Change In Key Assumption Per Day Freight Rates</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionPerDayFreightRates" xml:lang="en-US">Decrease/increase in tanker per day freight rates</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionPerDayFreightRates" xml:lang="en-US">Represents a specified rate variance in a specified key assumption freight rate in the determination of value in use.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionPerDayFreightRates" xlink:to="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionPerDayFreightRates"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionPerDayFreightRates" xlink:label="loc_2I0HHGGF8208_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionPerDayFreightRates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionPerDayFreightRates" xml:lang="en-US">Sensitivity Analysis Of Value In Use Impact Of Change In Key Assumption Per Day Freight Rates</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionPerDayFreightRates" xml:lang="en-US">Decrease/increase in value in use of freight rates</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionPerDayFreightRates" xml:lang="en-US">Represents the impact on value in use due to a specified change in the freight rates.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionPerDayFreightRates" xlink:to="lab_4K2JJIIH0420_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionPerDayFreightRates"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionWeightedAverageCostOfCapital" xlink:label="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionWeightedAverageCostOfCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionWeightedAverageCostOfCapital" xml:lang="en-US">Sensitivity Analysis Of Value In Use Change In Key Assumption Weighted Average Cost Of Capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionWeightedAverageCostOfCapital" xml:lang="en-US">Increase/decrease in WACC percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionWeightedAverageCostOfCapital" xml:lang="en-US">Represents a specified rate variance in a specified key assumption weighted average cost of capital in the determination of value in use.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionWeightedAverageCostOfCapital" xlink:to="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionWeightedAverageCostOfCapital"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionWeightedAverageCostOfCapital" xlink:label="loc_2I0HHGGF8208_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionWeightedAverageCostOfCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionWeightedAverageCostOfCapital" xml:lang="en-US">Sensitivity Analysis Of Value In Use Impact Of Change In Key Assumption Weighted Average Cost Of Capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionWeightedAverageCostOfCapital" xml:lang="en-US">Decrease/increase in value in use of WACC</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionWeightedAverageCostOfCapital" xml:lang="en-US">Represents the impact on value in use due to a specified change in the weighted average cost of capital.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionWeightedAverageCostOfCapital" xlink:to="lab_4K2JJIIH0420_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionWeightedAverageCostOfCapital"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionOperatingExpenses" xlink:label="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionOperatingExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionOperatingExpenses" xml:lang="en-US">Sensitivity Analysis Of Value In Use Change In Key Assumption Operating Expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionOperatingExpenses" xml:lang="en-US">Increase/decrease in operating expenses percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionOperatingExpenses" xml:lang="en-US">Represents a specified rate variance in a specified key assumption operating expense in the determination of value in use.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionOperatingExpenses" xlink:to="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionOperatingExpenses"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionOperatingExpenses" xlink:label="loc_2I0HHGGF8208_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionOperatingExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionOperatingExpenses" xml:lang="en-US">Sensitivity Analysis Of Value In Use Impact Of Change In Key Assumption Operating Expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionOperatingExpenses" xml:lang="en-US">Decrease/increase in value in use of operating expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionOperatingExpenses" xml:lang="en-US">Represents the impact on value in use due to a specified change in the operating expense.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionOperatingExpenses" xlink:to="lab_4K2JJIIH0420_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionOperatingExpenses"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ReversalOfImpairmentLossIfUpsideOfSensitivityAnalysisApplied" xlink:label="loc_I9G01G3G9932937HF776_trmd_ReversalOfImpairmentLossIfUpsideOfSensitivityAnalysisApplied"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ReversalOfImpairmentLossIfUpsideOfSensitivityAnalysisApplied" xml:lang="en-US">Reversal Of Impairment Loss If Upside Of Sensitivity Analysis Applied</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ReversalOfImpairmentLossIfUpsideOfSensitivityAnalysisApplied" xml:lang="en-US">Reversal of impairment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ReversalOfImpairmentLossIfUpsideOfSensitivityAnalysisApplied" xml:lang="en-US">The reversal of impairment loss that would have been recorded if upside of sensitivity analysis is applied.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ReversalOfImpairmentLossIfUpsideOfSensitivityAnalysisApplied" xlink:to="lab_K1I23I5I1154159JH998_trmd_ReversalOfImpairmentLossIfUpsideOfSensitivityAnalysisApplied"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit" xlink:label="loc_2I0HHGGF8208_ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit" xml:lang="en-US">Recoverable amount of asset or cash-generating unit</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit" xml:lang="en-US">Market value based on broker values of vessels</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit" xlink:to="lab_4K2JJIIH0420_ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xml:lang="en-US">Amount by which unit's recoverable amount exceeds its carrying amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xml:lang="en-US">Difference of Market value and Carrying amount</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_FinancialIncomeAbstract" xlink:label="loc_2I0HHGGF8208_trmd_FinancialIncomeAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_FinancialIncomeAbstract" xml:lang="en-US">Financial Income [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_FinancialIncomeAbstract" xml:lang="en-US">Financial income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_FinancialIncomeAbstract" xml:lang="en-US">Represents financial income abstract.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_FinancialIncomeAbstract" xlink:to="lab_4K2JJIIH0420_trmd_FinancialIncomeAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestIncomeOnCashAndCashEquivalents" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_InterestIncomeOnCashAndCashEquivalents"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_InterestIncomeOnCashAndCashEquivalents" xml:lang="en-US">Interest income on cash and cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_InterestIncomeOnCashAndCashEquivalents" xml:lang="en-US">Interest income from cash and cash equivalents</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_InterestIncomeOnCashAndCashEquivalents" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_InterestIncomeOnCashAndCashEquivalents"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NetForeignExchangeGain" xlink:label="loc_2I0HHGGF8208_ifrs-full_NetForeignExchangeGain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NetForeignExchangeGain" xml:lang="en-US">Net foreign exchange gain</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NetForeignExchangeGain" xml:lang="en-US">Exchange rate adjustments, including gain from forward exchange rate contracts</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NetForeignExchangeGain" xlink:to="lab_4K2JJIIH0420_ifrs-full_NetForeignExchangeGain"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_FinancialExpensesAbstract" xlink:label="loc_I9G01G3G9932937HF776_trmd_FinancialExpensesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_FinancialExpensesAbstract" xml:lang="en-US">Financial Expenses [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_FinancialExpensesAbstract" xml:lang="en-US">Financial expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_FinancialExpensesAbstract" xlink:to="lab_K1I23I5I1154159JH998_trmd_FinancialExpensesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestExpenseOnBorrowings" xlink:label="loc_2I0HHGGF8208_ifrs-full_InterestExpenseOnBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_InterestExpenseOnBorrowings" xml:lang="en-US">Interest expense on borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_InterestExpenseOnBorrowings" xml:lang="en-US">Interest expenses on mortgage and bank debt</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_InterestExpenseOnBorrowings" xlink:to="lab_4K2JJIIH0420_ifrs-full_InterestExpenseOnBorrowings"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NetForeignExchangeLoss" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_NetForeignExchangeLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NetForeignExchangeLoss" xml:lang="en-US">Net foreign exchange loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NetForeignExchangeLoss" xml:lang="en-US">Exchange rate adjustments, including loss from forward exchange rate contracts</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_NetForeignExchangeLoss" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_NetForeignExchangeLoss"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:label="loc_2I0HHGGF8208_ifrs-full_InterestExpenseOnOtherFinancialLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xml:lang="en-US">Interest expense on other financial liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xml:lang="en-US">Other financial expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:to="lab_4K2JJIIH0420_ifrs-full_InterestExpenseOnOtherFinancialLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinanceIncomeCost" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_FinanceIncomeCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinanceIncomeCost" xml:lang="en-US">Finance income (cost)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinanceIncomeCost" xml:lang="en-US">Total financial items</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinanceIncomeCost" xml:lang="en-US">Total financial items</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_FinanceIncomeCost" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_FinanceIncomeCost"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable" xml:lang="en-US">Disclosure of financial assets that are either past due or impaired [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ImpairmentOfFinancialAssetsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ImpairmentOfFinancialAssetsAxis" xml:lang="en-US">Impairment of financial assets [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ImpairmentOfFinancialAssetsAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xml:lang="en-US">Entity's total for impairment of financial assets [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xml:lang="en-US">Financial assets neither past due nor impaired [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xml:lang="en-US">Financial assets neither past due nor impaired</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_FinancialAssetsPastDueButNotImpairedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xml:lang="en-US">Financial assets past due but not impaired [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xml:lang="en-US">Financial assets past due but not impaired</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsPastDueButNotImpairedMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_FinancialAssetsPastDueAndImpairedMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_FinancialAssetsPastDueAndImpairedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_FinancialAssetsPastDueAndImpairedMember" xml:lang="en-US">Financial Assets Past Due And Impaired [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_FinancialAssetsPastDueAndImpairedMember" xml:lang="en-US">Financial Assets Past Due And Impaired</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_FinancialAssetsPastDueAndImpairedMember" xml:lang="en-US">This member stands for financial assets that are past due and impaired. A financial asset is past due when a counterparty has failed to make a payment when contractually due.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_FinancialAssetsPastDueAndImpairedMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_FinancialAssetsPastDueAndImpairedMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PastDueStatusAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_PastDueStatusAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_PastDueStatusAxis" xml:lang="en-US">Past due status [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_PastDueStatusAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_PastDueStatusAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PastDueStatusMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_PastDueStatusMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_PastDueStatusMember" xml:lang="en-US">Past due status [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_PastDueStatusMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_PastDueStatusMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_CurrentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentMember" xml:lang="en-US">Current [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentMember" xml:lang="en-US">Due before 30 days</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CurrentMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_CurrentMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanOneMonthAndNotLaterThanSixMonthsMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_LaterThanOneMonthAndNotLaterThanSixMonthsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_LaterThanOneMonthAndNotLaterThanSixMonthsMember" xml:lang="en-US">Later than one month and not later than six months [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_LaterThanOneMonthAndNotLaterThanSixMonthsMember" xml:lang="en-US">Due between 30 and 180 days</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_LaterThanOneMonthAndNotLaterThanSixMonthsMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_LaterThanOneMonthAndNotLaterThanSixMonthsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanSixMonthsMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_LaterThanSixMonthsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_LaterThanSixMonthsMember" xml:lang="en-US">Later than six months [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_LaterThanSixMonthsMember" xml:lang="en-US">Due after 180 days</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_LaterThanSixMonthsMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_LaterThanSixMonthsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems" xml:lang="en-US">Disclosure of financial assets that are either past due or impaired [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TradeReceivables" xlink:label="loc_2I0HHGGF8208_ifrs-full_TradeReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_TradeReceivables" xml:lang="en-US">Trade receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_TradeReceivables" xml:lang="en-US">Total net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_TradeReceivables" xml:lang="en-US">Receivables individually determined to be impaired</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_TradeReceivables" xml:lang="en-US">Balance at begining of period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_TradeReceivables" xml:lang="en-US">Balance at end of period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_TradeReceivables" xlink:to="lab_4K2JJIIH0420_ifrs-full_TradeReceivables"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinancialAssetsTable" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfFinancialAssetsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinancialAssetsTable" xml:lang="en-US">Disclosure of financial assets [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinancialAssetsTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfFinancialAssetsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfFinancialAssetsLineItems" xml:lang="en-US">Disclosure of financial assets [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfFinancialAssetsLineItems"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AcquisitionsThroughBusinessCombinationsTradeReceivables" xlink:label="loc_I9G01G3G9932937HF776_trmd_AcquisitionsThroughBusinessCombinationsTradeReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_AcquisitionsThroughBusinessCombinationsTradeReceivables" xml:lang="en-US">Acquisitions Through Business Combinations Trade Receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_AcquisitionsThroughBusinessCombinationsTradeReceivables" xml:lang="en-US">Addition from business combinations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_AcquisitionsThroughBusinessCombinationsTradeReceivables" xml:lang="en-US">Represents the increase in trade receivables, resulting from acquisitions through business combinations.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_AcquisitionsThroughBusinessCombinationsTradeReceivables" xlink:to="lab_K1I23I5I1154159JH998_trmd_AcquisitionsThroughBusinessCombinationsTradeReceivables"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables" xlink:label="loc_2I0HHGGF8208_ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables" xml:lang="en-US">Impairment loss recognised in profit or loss, trade receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables" xml:lang="en-US">Provisions for the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables" xlink:to="lab_4K2JJIIH0420_ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables" xml:lang="en-US">Reversal of impairment loss recognised in profit or loss, trade receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables" xml:lang="en-US">Provisions reversed during the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsIndividuallyAssessedForCreditLossesMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_FinancialAssetsIndividuallyAssessedForCreditLossesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsIndividuallyAssessedForCreditLossesMember" xml:lang="en-US">Financial assets individually assessed for credit losses [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsIndividuallyAssessedForCreditLossesMember" xml:lang="en-US">Financial assets individually assessed for credit losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_FinancialAssetsIndividuallyAssessedForCreditLossesMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsIndividuallyAssessedForCreditLossesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_CurrentReceivablesRelatedToPartnersAndCommercialManagements" xlink:label="loc_I9G01G3G9932937HF776_trmd_CurrentReceivablesRelatedToPartnersAndCommercialManagements"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_CurrentReceivablesRelatedToPartnersAndCommercialManagements" xml:lang="en-US">Current Receivables Related To Partners And Commercial Managements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_CurrentReceivablesRelatedToPartnersAndCommercialManagements" xml:lang="en-US">Partners and commercial managements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_CurrentReceivablesRelatedToPartnersAndCommercialManagements" xml:lang="en-US">Represents the amount of current receivables by the entity that is realted to partners and commercial managements</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_CurrentReceivablesRelatedToPartnersAndCommercialManagements" xlink:to="lab_K1I23I5I1154159JH998_trmd_CurrentReceivablesRelatedToPartnersAndCommercialManagements"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentDerivativeFinancialAssets" xlink:label="loc_2I0HHGGF8208_ifrs-full_CurrentDerivativeFinancialAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentDerivativeFinancialAssets" xml:lang="en-US">Current derivative financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentDerivativeFinancialAssets" xml:lang="en-US">Derivative financial instruments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CurrentDerivativeFinancialAssets" xlink:to="lab_4K2JJIIH0420_ifrs-full_CurrentDerivativeFinancialAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax" xml:lang="en-US">Current receivables from taxes other than income tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax" xml:lang="en-US">Tax receivables</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_MiscelleneousOtherCurrentReceivables" xlink:label="loc_2I0HHGGF8208_trmd_MiscelleneousOtherCurrentReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_MiscelleneousOtherCurrentReceivables" xml:lang="en-US">Miscelleneous Other Current Receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_MiscelleneousOtherCurrentReceivables" xml:lang="en-US">Other</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_MiscelleneousOtherCurrentReceivables" xml:lang="en-US">Represents the amount related to miscelleneous other current receivables of the entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_MiscelleneousOtherCurrentReceivables" xlink:to="lab_4K2JJIIH0420_trmd_MiscelleneousOtherCurrentReceivables"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract" xml:lang="en-US">Major components of tax expense (income) [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract" xml:lang="en-US">Tax for the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" xml:lang="en-US">Current tax expense (income) and adjustments for current tax of prior periods [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" xml:lang="en-US">Tax for the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" xml:lang="en-US">Current tax for the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTaxExpenseIncome" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CurrentTaxExpenseIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CurrentTaxExpenseIncome" xml:lang="en-US">Current tax expense (income)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CurrentTaxExpenseIncome" xml:lang="en-US">Current tax for the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CurrentTaxExpenseIncome" xml:lang="en-US">Adjustments related to previous years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CurrentTaxExpenseIncome" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CurrentTaxExpenseIncome"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:label="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xml:lang="en-US">Adjustments for current tax of prior periods</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xml:lang="en-US">Adjustments related to previous years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:to="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xml:lang="en-US">Adjustments for deferred tax of prior periods</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xml:lang="en-US">Adjustment of deferred tax asset</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ChangesInDeferredTaxLiabilityAssetAbstract" xlink:label="loc_2I0HHGGF8208_ifrs-full_ChangesInDeferredTaxLiabilityAssetAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ChangesInDeferredTaxLiabilityAssetAbstract" xml:lang="en-US">Changes in deferred tax liability (asset) [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ChangesInDeferredTaxLiabilityAssetAbstract" xml:lang="en-US">Deferred tax liability</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ChangesInDeferredTaxLiabilityAssetAbstract" xlink:to="lab_4K2JJIIH0420_ifrs-full_ChangesInDeferredTaxLiabilityAssetAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxLiabilityAsset" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DeferredTaxLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DeferredTaxLiabilityAsset" xml:lang="en-US">Deferred tax liability (asset)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DeferredTaxLiabilityAsset" xml:lang="en-US">Balance at 1 January</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DeferredTaxLiabilityAsset" xml:lang="en-US">Balance as of 31 December</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DeferredTaxLiabilityAsset" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DeferredTaxLiabilityAsset"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:label="loc_2I0HHGGF8208_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xml:lang="en-US">Increase (decrease) through business combinations, deferred tax liability (asset)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xml:lang="en-US">Addition from business combination</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:to="lab_4K2JJIIH0420_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset" xml:lang="en-US">Increase (decrease) in deferred tax liability (asset)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset" xml:lang="en-US">Deferred tax for the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ApplicableTaxRate" xlink:label="loc_2I0HHGGF8208_ifrs-full_ApplicableTaxRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ApplicableTaxRate" xml:lang="en-US">Applicable tax rate</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ApplicableTaxRate" xml:lang="en-US">Effective tax rate</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ApplicableTaxRate" xlink:to="lab_4K2JJIIH0420_ifrs-full_ApplicableTaxRate"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_CommonSharesTreasurySharesAbstract" xlink:label="loc_I9G01G3G9932937HF776_trmd_CommonSharesTreasurySharesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_CommonSharesTreasurySharesAbstract" xml:lang="en-US">Common Shares &amp; Treasury Shares [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_CommonSharesTreasurySharesAbstract" xlink:to="lab_K1I23I5I1154159JH998_trmd_CommonSharesTreasurySharesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfClassesOfShareCapitalTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xml:lang="en-US">Disclosure of classes of share capital [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfClassesOfShareCapitalTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xml:lang="en-US">Disclosure of classes of share capital [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfTreasurySharesHeld" xlink:label="loc_2I0HHGGF8208_trmd_NumberOfTreasurySharesHeld"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfTreasurySharesHeld" xml:lang="en-US">Number Of Treasury Shares Held</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfTreasurySharesHeld" xml:lang="en-US">Number of treasury shares held</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfTreasurySharesHeld" xml:lang="en-US">Balance as of 1 January</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfTreasurySharesHeld" xml:lang="en-US">Balance as of 31 December</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfTreasurySharesHeld" xml:lang="en-US">Represents the number of treasury shares held as of date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NumberOfTreasurySharesHeld" xlink:to="lab_4K2JJIIH0420_trmd_NumberOfTreasurySharesHeld"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares" xlink:label="loc_I9G01G3G9932937HF776_trmd_IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares" xml:lang="en-US">Increase In Number Of Treasury Shares Due To Repurchase Of Own Shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares" xml:lang="en-US">Additions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares" xml:lang="en-US">Represents increase in number of treasury shares due to repurchase of own shares.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares" xlink:to="lab_K1I23I5I1154159JH998_trmd_IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares" xlink:label="loc_2I0HHGGF8208_trmd_DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares" xml:lang="en-US">Decrease In Number Of Treasury Shares Due To Cancellation Of Treasury Shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares" xml:lang="en-US">Cancellations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares" xml:lang="en-US">Represents decrease in number of treasury shares due to cancellation of treasury shares.</label>
<label xlink:type="resource" xlink:label="lab_4K2JJIIH0420_trmd_DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US">Cancellations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares" xlink:to="lab_4K2JJIIH0420_trmd_DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares" xlink:label="loc_I9G01G3G9932937HF776_trmd_DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares" xml:lang="en-US">Decrease In Number Of Treasury Shares Due To Sale Of Treasury Shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares" xml:lang="en-US">Disposals</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares" xml:lang="en-US">Represents decrease in number of treasury shares due to sale of treasury shares.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares" xlink:to="lab_K1I23I5I1154159JH998_trmd_DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NominalValueOfTreasurySharesHeld" xlink:label="loc_2I0HHGGF8208_trmd_NominalValueOfTreasurySharesHeld"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NominalValueOfTreasurySharesHeld" xml:lang="en-US">Nominal Value Of Treasury Shares Held</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NominalValueOfTreasurySharesHeld" xml:lang="en-US">Nominal value of treasury shares held</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_4K2JJIIH0420_trmd_NominalValueOfTreasurySharesHeld" xml:lang="en-US">Balance as of 1 January</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_4K2JJIIH0420_trmd_NominalValueOfTreasurySharesHeld" xml:lang="en-US">Balance as of 31 December</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NominalValueOfTreasurySharesHeld" xml:lang="en-US">Represents the amount related to nominal value of treasury shares held.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NominalValueOfTreasurySharesHeld" xlink:to="lab_4K2JJIIH0420_trmd_NominalValueOfTreasurySharesHeld"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares" xlink:label="loc_I9G01G3G9932937HF776_trmd_IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares" xml:lang="en-US">Increase In Value Of Share Capital Due To Repurchase Of Own Shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares" xml:lang="en-US">Additions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares" xml:lang="en-US">Represents the amount of additions related to nominal value of treasury shares held.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares" xlink:to="lab_K1I23I5I1154159JH998_trmd_IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CancellationOfTreasuryShares" xlink:label="loc_2I0HHGGF8208_ifrs-full_CancellationOfTreasuryShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CancellationOfTreasuryShares" xml:lang="en-US">Cancellation of treasury shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CancellationOfTreasuryShares" xml:lang="en-US">Cancellations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CancellationOfTreasuryShares" xlink:to="lab_4K2JJIIH0420_ifrs-full_CancellationOfTreasuryShares"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SaleOrIssueOfTreasuryShares" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_SaleOrIssueOfTreasuryShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_SaleOrIssueOfTreasuryShares" xml:lang="en-US">Sale or issue of treasury shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_SaleOrIssueOfTreasuryShares" xml:lang="en-US">Disposals</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_SaleOrIssueOfTreasuryShares" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_SaleOrIssueOfTreasuryShares"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfShareCapitalAsTreasurySharesHeld" xlink:label="loc_2I0HHGGF8208_trmd_PercentageOfShareCapitalAsTreasurySharesHeld"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfShareCapitalAsTreasurySharesHeld" xml:lang="en-US">Percentage Of Share Capital As Treasury Shares Held</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfShareCapitalAsTreasurySharesHeld" xml:lang="en-US">Balance as of 1 January</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfShareCapitalAsTreasurySharesHeld" xml:lang="en-US">Balance as of 31 December</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfShareCapitalAsTreasurySharesHeld" xml:lang="en-US">Represents the percentage of share capital as treasury shares held.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PercentageOfShareCapitalAsTreasurySharesHeld" xlink:to="lab_4K2JJIIH0420_trmd_PercentageOfShareCapitalAsTreasurySharesHeld"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares" xlink:label="loc_I9G01G3G9932937HF776_trmd_IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares" xml:lang="en-US">Increase In Percentage Of Share Capital Due To Repurchase Of Own Shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares" xml:lang="en-US">Additions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares" xml:lang="en-US">Represents increase in share capital due to repurchase of own shares.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares" xlink:to="lab_K1I23I5I1154159JH998_trmd_IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares" xlink:label="loc_2I0HHGGF8208_trmd_DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares" xml:lang="en-US">Decrease In Percentage Of Share Capital Due To Cancellation Of Treasury Shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares" xml:lang="en-US">Cancellations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares" xml:lang="en-US">Represents decrease in share capital due to cancellation of treasury shares.</label>
<label xlink:type="resource" xlink:label="lab_4K2JJIIH0420_trmd_DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US">Cancellations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares" xlink:to="lab_4K2JJIIH0420_trmd_DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares" xlink:label="loc_I9G01G3G9932937HF776_trmd_DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares" xml:lang="en-US">Decrease In Percentage Of Share Capital Due To Sale Of Treasury Shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares" xml:lang="en-US">Disposals</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares" xml:lang="en-US">Represents decrease in share capital due to sale of treasury shares.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares" xlink:to="lab_K1I23I5I1154159JH998_trmd_DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfVotesInShareCapital" xlink:label="loc_2I0HHGGF8208_trmd_NumberOfVotesInShareCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfVotesInShareCapital" xml:lang="en-US">Number Of Votes In Share Capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfVotesInShareCapital" xml:lang="en-US">Number of votes in share capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfVotesInShareCapital" xml:lang="en-US">Represents the number of votes in share capital.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NumberOfVotesInShareCapital" xlink:to="lab_4K2JJIIH0420_trmd_NumberOfVotesInShareCapital"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_MaximumPortionOfAgreegateIssuedAndOutstandingSharesForHoldingRightsAsPerWrittenNotification" xlink:label="loc_I9G01G3G9932937HF776_trmd_MaximumPortionOfAgreegateIssuedAndOutstandingSharesForHoldingRightsAsPerWrittenNotification"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_MaximumPortionOfAgreegateIssuedAndOutstandingSharesForHoldingRightsAsPerWrittenNotification" xml:lang="en-US">Maximum Portion Of Agreegate Issued And Outstanding Shares For Holding Rights As Per Written Notification</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_MaximumPortionOfAgreegateIssuedAndOutstandingSharesForHoldingRightsAsPerWrittenNotification" xml:lang="en-US">Maximum portion of agreegate issued and outstanding shares for holding rights as per written notification</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_MaximumPortionOfAgreegateIssuedAndOutstandingSharesForHoldingRightsAsPerWrittenNotification" xml:lang="en-US">Represents maximum portion of agreegate issued and outstanding shares for holding rights as per written notification.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_MaximumPortionOfAgreegateIssuedAndOutstandingSharesForHoldingRightsAsPerWrittenNotification" xlink:to="lab_K1I23I5I1154159JH998_trmd_MaximumPortionOfAgreegateIssuedAndOutstandingSharesForHoldingRightsAsPerWrittenNotification"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfDaysElapsedFromWrittenNoticeOfBoardOfDirectorsReceipt" xlink:label="loc_2I0HHGGF8208_trmd_NumberOfDaysElapsedFromWrittenNoticeOfBoardOfDirectorsReceipt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfDaysElapsedFromWrittenNoticeOfBoardOfDirectorsReceipt" xml:lang="en-US">Number Of Days Elapsed From Written Notice Of Board Of Directors Receipt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfDaysElapsedFromWrittenNoticeOfBoardOfDirectorsReceipt" xml:lang="en-US">Number of days elapsed from written notice of Board of Directors receipt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfDaysElapsedFromWrittenNoticeOfBoardOfDirectorsReceipt" xml:lang="en-US">Represents the number of days elapsed from written notice of Board of Directors receipt.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NumberOfDaysElapsedFromWrittenNoticeOfBoardOfDirectorsReceipt" xlink:to="lab_4K2JJIIH0420_trmd_NumberOfDaysElapsedFromWrittenNoticeOfBoardOfDirectorsReceipt"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_MinimumNumberOfBoardMembersConfirmingWrittenNotice" xlink:label="loc_I9G01G3G9932937HF776_trmd_MinimumNumberOfBoardMembersConfirmingWrittenNotice"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_MinimumNumberOfBoardMembersConfirmingWrittenNotice" xml:lang="en-US">Minimum Number Of Board Members Confirming Written Notice</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_MinimumNumberOfBoardMembersConfirmingWrittenNotice" xml:lang="en-US">Minimum number of board members confirming written notice</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_MinimumNumberOfBoardMembersConfirmingWrittenNotice" xml:lang="en-US">Represents the minimum number of board members confirming written notice.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_MinimumNumberOfBoardMembersConfirmingWrittenNotice" xlink:to="lab_K1I23I5I1154159JH998_trmd_MinimumNumberOfBoardMembersConfirmingWrittenNotice"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_MarketValueOfTreasurySharesHeld" xlink:label="loc_2I0HHGGF8208_trmd_MarketValueOfTreasurySharesHeld"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_MarketValueOfTreasurySharesHeld" xml:lang="en-US">Market Value Of Treasury Shares Held</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_MarketValueOfTreasurySharesHeld" xml:lang="en-US">Market value of treasury shares held</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_MarketValueOfTreasurySharesHeld" xml:lang="en-US">Represents the amount related to market value of treasury shares held.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_MarketValueOfTreasurySharesHeld" xlink:to="lab_4K2JJIIH0420_trmd_MarketValueOfTreasurySharesHeld"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureForOtherLiabilitiesAbstract" xlink:label="loc_I9G01G3G9932937HF776_trmd_DisclosureForOtherLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureForOtherLiabilitiesAbstract" xml:lang="en-US">Disclosure For Other Liabilities [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DisclosureForOtherLiabilitiesAbstract" xlink:to="lab_K1I23I5I1154159JH998_trmd_DisclosureForOtherLiabilitiesAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PartnersAndCommercialManagements" xlink:label="loc_2I0HHGGF8208_trmd_PartnersAndCommercialManagements"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PartnersAndCommercialManagements" xml:lang="en-US">Partners And Commercial Managements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_PartnersAndCommercialManagements" xml:lang="en-US">Partners and commercial managements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PartnersAndCommercialManagements" xml:lang="en-US">The amount of Partners and commercial managements</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PartnersAndCommercialManagements" xlink:to="lab_4K2JJIIH0420_trmd_PartnersAndCommercialManagements"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AccrualsClassifiedAsCurrent" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AccrualsClassifiedAsCurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AccrualsClassifiedAsCurrent" xml:lang="en-US">Accruals classified as current</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AccrualsClassifiedAsCurrent" xml:lang="en-US">Accrued operating expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AccrualsClassifiedAsCurrent" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AccrualsClassifiedAsCurrent"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentInterestPayable" xlink:label="loc_2I0HHGGF8208_ifrs-full_CurrentInterestPayable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentInterestPayable" xml:lang="en-US">Current interest payable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentInterestPayable" xml:lang="en-US">Accrued interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CurrentInterestPayable" xlink:to="lab_4K2JJIIH0420_ifrs-full_CurrentInterestPayable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProvisionsForEmployeeBenefits" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ProvisionsForEmployeeBenefits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProvisionsForEmployeeBenefits" xml:lang="en-US">Provisions for employee benefits</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProvisionsForEmployeeBenefits" xml:lang="en-US">Wages and social expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProvisionsForEmployeeBenefits" xml:lang="en-US">Wages and social expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ProvisionsForEmployeeBenefits" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ProvisionsForEmployeeBenefits"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:label="loc_2I0HHGGF8208_ifrs-full_CurrentDerivativeFinancialLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentDerivativeFinancialLiabilities" xml:lang="en-US">Current derivative financial liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentDerivativeFinancialLiabilities" xml:lang="en-US">Derivative financial instruments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:to="lab_4K2JJIIH0420_ifrs-full_CurrentDerivativeFinancialLiabilities"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_CurrentPayablesToJointVentures" xlink:label="loc_I9G01G3G9932937HF776_trmd_CurrentPayablesToJointVentures"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_CurrentPayablesToJointVentures" xml:lang="en-US">Current Payables To Joint Ventures</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_CurrentPayablesToJointVentures" xml:lang="en-US">Payables to joint ventures</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_CurrentPayablesToJointVentures" xml:lang="en-US">Represents the amount of current payables to joint ventures.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_CurrentPayablesToJointVentures" xlink:to="lab_K1I23I5I1154159JH998_trmd_CurrentPayablesToJointVentures"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OtherMiscellneousCurrentLiabilities" xlink:label="loc_2I0HHGGF8208_trmd_OtherMiscellneousCurrentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OtherMiscellneousCurrentLiabilities" xml:lang="en-US">Other Miscellneous Current Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OtherMiscellneousCurrentLiabilities" xml:lang="en-US">Other</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OtherMiscellneousCurrentLiabilities" xml:lang="en-US">Represents the amount related to miscelleneous current liabilities that the entity does not separately disclose in the same statement or note.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OtherMiscellneousCurrentLiabilities" xlink:to="lab_4K2JJIIH0420_trmd_OtherMiscellneousCurrentLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xml:lang="en-US">Disclosure of detailed information about borrowings [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfInterestRatesAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_TypesOfInterestRatesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_TypesOfInterestRatesAxis" xml:lang="en-US">Types of interest rates [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_TypesOfInterestRatesAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_TypesOfInterestRatesAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestRateTypesMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_InterestRateTypesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_InterestRateTypesMember" xml:lang="en-US">Interest rate types [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_InterestRateTypesMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_InterestRateTypesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FloatingInterestRateMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_FloatingInterestRateMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_FloatingInterestRateMember" xml:lang="en-US">Floating interest rate [member]</label>
<label xlink:type="resource" xlink:label="lab_4K2JJIIH0420_ifrs-full_FloatingInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Floating interest rate</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_FloatingInterestRateMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_FloatingInterestRateMember"/>



<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DsfFacilityMember" xlink:label="loc_2I0HHGGF8208_trmd_DsfFacilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DsfFacilityMember" xml:lang="en-US">Dsf Facility [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DsfFacilityMember" xml:lang="en-US">DSF Facility 1</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DsfFacilityMember" xml:lang="en-US">Represent a DSF facility.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DsfFacilityMember" xlink:to="lab_4K2JJIIH0420_trmd_DsfFacilityMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TermFacilityMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_TermFacilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_TermFacilityMember" xml:lang="en-US">Term Facility [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_TermFacilityMember" xml:lang="en-US">TFA Facility 1</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_TermFacilityMember" xml:lang="en-US">Term Facility</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_TermFacilityMember" xml:lang="en-US">Represents a Term Facility.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_TermFacilityMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_TermFacilityMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DsfFacilityThreeMember" xlink:label="loc_2I0HHGGF8208_trmd_DsfFacilityThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DsfFacilityThreeMember" xml:lang="en-US">Dsf Facility Three [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DsfFacilityThreeMember" xml:lang="en-US">DSF Facility 3</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DsfFacilityThreeMember" xml:lang="en-US">Represent a DSF facility.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DsfFacilityThreeMember" xlink:to="lab_4K2JJIIH0420_trmd_DsfFacilityThreeMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DsfFacilityFourMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_DsfFacilityFourMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DsfFacilityFourMember" xml:lang="en-US">Dsf Facility Four [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_DsfFacilityFourMember" xml:lang="en-US">DSF Facility 4</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DsfFacilityFourMember" xml:lang="en-US">Represent a DSF facility.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DsfFacilityFourMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_DsfFacilityFourMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TermFacilityTwoMember" xlink:label="loc_2I0HHGGF8208_trmd_TermFacilityTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_TermFacilityTwoMember" xml:lang="en-US">Term Facility Two [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_TermFacilityTwoMember" xml:lang="en-US">TFA Facility 2</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_TermFacilityTwoMember" xml:lang="en-US">Represent a Term Facility.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_TermFacilityTwoMember" xlink:to="lab_4K2JJIIH0420_trmd_TermFacilityTwoMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_IngFacilityMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_IngFacilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_IngFacilityMember" xml:lang="en-US">Ing Facility [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_IngFacilityMember" xml:lang="en-US">ING</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_IngFacilityMember" xml:lang="en-US">Represent ING Facility.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_IngFacilityMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_IngFacilityMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xml:lang="en-US">Disclosure of detailed information about borrowings [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BorrowingsInterestRateBasis" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_BorrowingsInterestRateBasis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_BorrowingsInterestRateBasis" xml:lang="en-US">Borrowings, interest rate basis</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_BorrowingsInterestRateBasis" xml:lang="en-US">Fixed/floating</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_BorrowingsInterestRateBasis" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_BorrowingsInterestRateBasis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BorrowingsMaturity" xlink:label="loc_2I0HHGGF8208_ifrs-full_BorrowingsMaturity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_BorrowingsMaturity" xml:lang="en-US">Borrowings, maturity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_BorrowingsMaturity" xml:lang="en-US">Maturity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_BorrowingsMaturity" xlink:to="lab_4K2JJIIH0420_ifrs-full_BorrowingsMaturity"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BorrowingsInterestRate" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_BorrowingsInterestRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_BorrowingsInterestRate" xml:lang="en-US">Borrowings, interest rate</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_BorrowingsInterestRate" xml:lang="en-US">Effective interest rate</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_BorrowingsInterestRate" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_BorrowingsInterestRate"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LongtermBorrowings" xlink:label="loc_2I0HHGGF8208_ifrs-full_LongtermBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_LongtermBorrowings" xml:lang="en-US">Non-current portion of non-current borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_LongtermBorrowings" xml:lang="en-US">Hereof non-current</label>
<label xlink:type="resource" xlink:label="lab_4K2JJIIH0420_ifrs-full_LongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US">Mortgage debt and bank loans (Note 2,15,16,18)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_LongtermBorrowings" xlink:to="lab_4K2JJIIH0420_ifrs-full_LongtermBorrowings"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShorttermBorrowings" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ShorttermBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ShorttermBorrowings" xml:lang="en-US">Current borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ShorttermBorrowings" xml:lang="en-US">Hereof current</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ShorttermBorrowings" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ShorttermBorrowings"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AnnouncementOfEventOccuringIn2018Member" xlink:label="loc_2I0HHGGF8208_trmd_AnnouncementOfEventOccuringIn2018Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AnnouncementOfEventOccuringIn2018Member" xml:lang="en-US">Announcement Of Event Occuring In 2018 [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_AnnouncementOfEventOccuringIn2018Member" xml:lang="en-US">Announcement of Event Occuring in 2018</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_AnnouncementOfEventOccuringIn2018Member" xml:lang="en-US">This member stands for the announcement of a event will be occur in 2018.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AnnouncementOfEventOccuringIn2018Member" xlink:to="lab_4K2JJIIH0420_trmd_AnnouncementOfEventOccuringIn2018Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AnnouncementOfEventOccuringIn2019Member" xlink:label="loc_I9G01G3G9932937HF776_trmd_AnnouncementOfEventOccuringIn2019Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_AnnouncementOfEventOccuringIn2019Member" xml:lang="en-US">Announcement Of Event Occuring In 2019 [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_AnnouncementOfEventOccuringIn2019Member" xml:lang="en-US">Announcement of Event Occuring in 2019</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_AnnouncementOfEventOccuringIn2019Member" xml:lang="en-US">This member stands for the announcement of a plan to discontinue an operation.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_AnnouncementOfEventOccuringIn2019Member" xlink:to="lab_K1I23I5I1154159JH998_trmd_AnnouncementOfEventOccuringIn2019Member"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfAssetsAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_ClassesOfAssetsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ClassesOfAssetsAxis" xml:lang="en-US">Classes of assets [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ClassesOfAssetsAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_ClassesOfAssetsAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfAssetsMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ClassesOfAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ClassesOfAssetsMember" xml:lang="en-US">Assets [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ClassesOfAssetsMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ClassesOfAssetsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfBank" xlink:label="loc_2I0HHGGF8208_trmd_NumberOfBank"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfBank" xml:lang="en-US">Number Of Bank</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfBank" xml:lang="en-US">Number of bank</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfBank" xml:lang="en-US">The number of bank.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NumberOfBank" xlink:to="lab_4K2JJIIH0420_trmd_NumberOfBank"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfTanker" xlink:label="loc_I9G01G3G9932937HF776_trmd_NumberOfTanker"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfTanker" xml:lang="en-US">Number Of Tanker</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfTanker" xml:lang="en-US">Number of tanker</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfTanker" xml:lang="en-US">The number of tanker.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NumberOfTanker" xlink:to="lab_K1I23I5I1154159JH998_trmd_NumberOfTanker"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfYearFacility" xlink:label="loc_2I0HHGGF8208_trmd_NumberOfYearFacility"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfYearFacility" xml:lang="en-US">Number Of Year Facility</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfYearFacility" xml:lang="en-US">Number of year facility to finance newbuilding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfYearFacility" xml:lang="en-US">The number of year facility.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NumberOfYearFacility" xlink:to="lab_4K2JJIIH0420_trmd_NumberOfYearFacility"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfNewBuilding" xlink:label="loc_I9G01G3G9932937HF776_trmd_NumberOfNewBuilding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfNewBuilding" xml:lang="en-US">Number Of New Building</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfNewBuilding" xml:lang="en-US">Number of newbuilding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfNewBuilding" xml:lang="en-US">The number of new building.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NumberOfNewBuilding" xlink:to="lab_K1I23I5I1154159JH998_trmd_NumberOfNewBuilding"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_CarryingAmountOfVesselsForCollateralHeldAsSecurity" xlink:label="loc_2I0HHGGF8208_trmd_CarryingAmountOfVesselsForCollateralHeldAsSecurity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_CarryingAmountOfVesselsForCollateralHeldAsSecurity" xml:lang="en-US">Carrying Amount Of Vessels For Collateral Held As Security</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_CarryingAmountOfVesselsForCollateralHeldAsSecurity" xml:lang="en-US">Carrying amount for vessels as collateral security</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_CarryingAmountOfVesselsForCollateralHeldAsSecurity" xml:lang="en-US">Represents the carrying amount of vessels for collateral held as security.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_CarryingAmountOfVesselsForCollateralHeldAsSecurity" xlink:to="lab_4K2JJIIH0420_trmd_CarryingAmountOfVesselsForCollateralHeldAsSecurity"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_GuaranteeCommitmentsAndContingentLiabilitiesAbstract" xlink:label="loc_I9G01G3G9932937HF776_trmd_GuaranteeCommitmentsAndContingentLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_GuaranteeCommitmentsAndContingentLiabilitiesAbstract" xml:lang="en-US">Guarantee Commitments And Contingent Liabilities [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_GuaranteeCommitmentsAndContingentLiabilitiesAbstract" xlink:to="lab_K1I23I5I1154159JH998_trmd_GuaranteeCommitmentsAndContingentLiabilitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions" xlink:label="loc_2I0HHGGF8208_ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions" xml:lang="en-US">Commitments made by entity, related party transactions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions" xml:lang="en-US">Guarantee commitments of the Group to Danish Shipowners' Association</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions" xlink:to="lab_4K2JJIIH0420_ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ContractualObligationsTable" xlink:label="loc_I9G01G3G9932937HF776_trmd_ContractualObligationsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ContractualObligationsTable" xml:lang="en-US">Contractual Obligations [Table]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ContractualObligationsTable" xml:lang="en-US">Represents the tabular information associated to contractual obligation.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ContractualObligationsTable" xlink:to="lab_K1I23I5I1154159JH998_trmd_ContractualObligationsTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MaturityAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_MaturityAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_MaturityAxis" xml:lang="en-US">Maturity [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_MaturityAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_MaturityAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AggregatedTimeBandsMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AggregatedTimeBandsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AggregatedTimeBandsMember" xml:lang="en-US">Aggregated time bands [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AggregatedTimeBandsMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AggregatedTimeBandsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NotLaterThanOneYearMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_NotLaterThanOneYearMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NotLaterThanOneYearMember" xml:lang="en-US">Not later than one year [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NotLaterThanOneYearMember" xml:lang="en-US">2018</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NotLaterThanOneYearMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_NotLaterThanOneYearMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xml:lang="en-US">Later than one year and not later than two years [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xml:lang="en-US">2019</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xml:lang="en-US">Later than two years and not later than three years [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xml:lang="en-US">2020</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xml:lang="en-US">Later than three years and not later than four years [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xml:lang="en-US">2021</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xml:lang="en-US">Later than four years and not later than five years [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xml:lang="en-US">2022</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xml:lang="en-US">Later than five years and not later than ten years [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xml:lang="en-US">Thereafter</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ContractualObligationsLineItems" xlink:label="loc_2I0HHGGF8208_trmd_ContractualObligationsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ContractualObligationsLineItems" xml:lang="en-US">Contractual Obligations [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ContractualObligationsLineItems" xml:lang="en-US">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ContractualObligationsLineItems" xlink:to="lab_4K2JJIIH0420_trmd_ContractualObligationsLineItems"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_MortgageDebtAndBankBorrowings" xlink:label="loc_I9G01G3G9932937HF776_trmd_MortgageDebtAndBankBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_MortgageDebtAndBankBorrowings" xml:lang="en-US">Mortgage Debt And Bank Borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_MortgageDebtAndBankBorrowings" xml:lang="en-US">Mortgage debt and bank loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_MortgageDebtAndBankBorrowings" xml:lang="en-US">Represents the amount related to mortgage debt and bank borrowings.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_MortgageDebtAndBankBorrowings" xlink:to="lab_K1I23I5I1154159JH998_trmd_MortgageDebtAndBankBorrowings"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_InterestPaymentsForScheduledInterestFixing" xlink:label="loc_2I0HHGGF8208_trmd_InterestPaymentsForScheduledInterestFixing"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_InterestPaymentsForScheduledInterestFixing" xml:lang="en-US">Interest Payments For Scheduled Interest Fixing</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_InterestPaymentsForScheduledInterestFixing" xml:lang="en-US">Interest payments related to scheduled interest fixing</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_InterestPaymentsForScheduledInterestFixing" xml:lang="en-US">Represents the amount of interest payments for scheduled interest fixing.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_InterestPaymentsForScheduledInterestFixing" xlink:to="lab_4K2JJIIH0420_trmd_InterestPaymentsForScheduledInterestFixing"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_EstimatedVariableInterestPayments" xlink:label="loc_I9G01G3G9932937HF776_trmd_EstimatedVariableInterestPayments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_EstimatedVariableInterestPayments" xml:lang="en-US">Estimated Variable Interest Payments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_EstimatedVariableInterestPayments" xml:lang="en-US">Estimated variable interest payments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_EstimatedVariableInterestPayments" xml:lang="en-US">Represents the amount related to estimated variable interest payments.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_EstimatedVariableInterestPayments" xlink:to="lab_K1I23I5I1154159JH998_trmd_EstimatedVariableInterestPayments"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinanceLeaseLiabilities" xlink:label="loc_2I0HHGGF8208_ifrs-full_FinanceLeaseLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinanceLeaseLiabilities" xml:lang="en-US">Finance lease liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinanceLeaseLiabilities" xml:lang="en-US">Finance lease liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_FinanceLeaseLiabilities" xlink:to="lab_4K2JJIIH0420_ifrs-full_FinanceLeaseLiabilities"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_InterestPayableOnFinanceLeaseObligation" xlink:label="loc_I9G01G3G9932937HF776_trmd_InterestPayableOnFinanceLeaseObligation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_InterestPayableOnFinanceLeaseObligation" xml:lang="en-US">Interest Payable On Finance Lease Obligation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_InterestPayableOnFinanceLeaseObligation" xml:lang="en-US">Interest element regarding finance lease</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_InterestPayableOnFinanceLeaseObligation" xml:lang="en-US">Represents the amount related to accrued interest on finance lease obligation.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_InterestPayableOnFinanceLeaseObligation" xlink:to="lab_K1I23I5I1154159JH998_trmd_InterestPayableOnFinanceLeaseObligation"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NewbuildingInstallments" xlink:label="loc_2I0HHGGF8208_trmd_NewbuildingInstallments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NewbuildingInstallments" xml:lang="en-US">Newbuilding Installments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NewbuildingInstallments" xml:lang="en-US">Newbuilding installments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NewbuildingInstallments" xml:lang="en-US">Represents the amount related to newbuilding installments.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NewbuildingInstallments" xlink:to="lab_4K2JJIIH0420_trmd_NewbuildingInstallments"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xml:lang="en-US">Minimum lease payments payable under non-cancellable operating lease</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xml:lang="en-US">Chartered-in vessels (operating lease)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OtherOperatingLeaseObligation" xlink:label="loc_2I0HHGGF8208_trmd_OtherOperatingLeaseObligation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OtherOperatingLeaseObligation" xml:lang="en-US">Other Operating Lease Obligation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OtherOperatingLeaseObligation" xml:lang="en-US">Other operating leases</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OtherOperatingLeaseObligation" xml:lang="en-US">Represents the amount of other operating lease payments obligation.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OtherOperatingLeaseObligation" xlink:to="lab_4K2JJIIH0420_trmd_OtherOperatingLeaseObligation"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TradeAndOtherPayables" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_TradeAndOtherPayables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_TradeAndOtherPayables" xml:lang="en-US">Trade and other payables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_TradeAndOtherPayables" xml:lang="en-US">Trade payables and other obligations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_TradeAndOtherPayables" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_TradeAndOtherPayables"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ContractualCapitalCommitments" xlink:label="loc_2I0HHGGF8208_ifrs-full_ContractualCapitalCommitments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ContractualCapitalCommitments" xml:lang="en-US">Contractual capital commitments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ContractualCapitalCommitments" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ContractualCapitalCommitments" xlink:to="lab_4K2JJIIH0420_ifrs-full_ContractualCapitalCommitments"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable" xml:lang="en-US">Disclosure of reconciliation of liabilities arising from financing activities [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xml:lang="en-US">Liabilities arising from financing activities [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" xml:lang="en-US">Liabilities arising from financing activities [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LongtermBorrowingsMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_LongtermBorrowingsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_LongtermBorrowingsMember" xml:lang="en-US">Long-term borrowings [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_LongtermBorrowingsMember" xml:lang="en-US">Mortgage debt</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_LongtermBorrowingsMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_LongtermBorrowingsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LeaseLiabilitiesMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_LeaseLiabilitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_LeaseLiabilitiesMember" xml:lang="en-US">Lease liabilities [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_LeaseLiabilitiesMember" xml:lang="en-US">Financial lease</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_LeaseLiabilitiesMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_LeaseLiabilitiesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AssetsHeldToHedgeLiabilitiesArisingFromFinancingActivitiesMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_AssetsHeldToHedgeLiabilitiesArisingFromFinancingActivitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AssetsHeldToHedgeLiabilitiesArisingFromFinancingActivitiesMember" xml:lang="en-US">Assets held to hedge liabilities arising from financing activities [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AssetsHeldToHedgeLiabilitiesArisingFromFinancingActivitiesMember" xml:lang="en-US">Swaps, fair value hedging</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AssetsHeldToHedgeLiabilitiesArisingFromFinancingActivitiesMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_AssetsHeldToHedgeLiabilitiesArisingFromFinancingActivitiesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" xml:lang="en-US">Disclosure of reconciliation of liabilities arising from financing activities [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:label="loc_2I0HHGGF8208_ifrs-full_LiabilitiesArisingFromFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_LiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Liabilities arising from financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_LiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Opening balance as of 1 January 2017</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_LiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Opening balance as of 1 January 2017</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_LiabilitiesArisingFromFinancingActivities" xml:lang="en-US">End balance as of 31 December 2017</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:to="lab_4K2JJIIH0420_ifrs-full_LiabilitiesArisingFromFinancingActivities"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities" xlink:label="loc_I9G01G3G9932937HF776_trmd_IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities" xml:lang="en-US">Increase (Decrease) Through Borrowings Arising From Financing Activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities" xml:lang="en-US">Cash - Borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities" xml:lang="en-US">The increase (decrease) in liabilities arising from financing activities resulting from borrowings.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities" xlink:to="lab_K1I23I5I1154159JH998_trmd_IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities" xlink:label="loc_2I0HHGGF8208_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Increase (decrease) through financing cash flows, liabilities arising from financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Cash - Repayments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities" xlink:to="lab_4K2JJIIH0420_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Increase (decrease) through changes in fair values, liabilities arising from financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Non-Cash - Changes in fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:label="loc_2I0HHGGF8208_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Increase (decrease) through other changes, liabilities arising from financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Non-Cash - Other changes</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:to="lab_4K2JJIIH0420_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorTable" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorTable" xml:lang="en-US">Disclosure of finance lease and operating lease by lessor [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorTable" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorTable"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_VesselMember" xlink:label="loc_2I0HHGGF8208_trmd_VesselMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_VesselMember" xml:lang="en-US">Vessel [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_VesselMember" xml:lang="en-US">Vessel</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_VesselMember" xml:lang="en-US">Represents a ship or large boat.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_VesselMember" xlink:to="lab_4K2JJIIH0420_trmd_VesselMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems" xml:lang="en-US">Disclosure of finance lease and operating lease by lessor [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease" xlink:label="loc_2I0HHGGF8208_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease" xml:lang="en-US">Minimum lease payments receivable under non-cancellable operating lease</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease" xml:lang="en-US">Charter hire income for vessels</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease" xlink:to="lab_4K2JJIIH0420_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DirectIssuanceCostForBorrowings" xlink:label="loc_I9G01G3G9932937HF776_trmd_DirectIssuanceCostForBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DirectIssuanceCostForBorrowings" xml:lang="en-US">Direct Issuance Cost For Borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_DirectIssuanceCostForBorrowings" xml:lang="en-US">Direct issuance costs for borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DirectIssuanceCostForBorrowings" xml:lang="en-US">Represents the amount related to direct issuance cost for borrowings.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DirectIssuanceCostForBorrowings" xlink:to="lab_K1I23I5I1154159JH998_trmd_DirectIssuanceCostForBorrowings"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BorrowingCostsCapitalised" xlink:label="loc_2I0HHGGF8208_ifrs-full_BorrowingCostsCapitalised"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_BorrowingCostsCapitalised" xml:lang="en-US">Borrowing costs capitalised</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_BorrowingCostsCapitalised" xml:lang="en-US">Borrowing costs capitalized</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_BorrowingCostsCapitalised" xlink:to="lab_4K2JJIIH0420_ifrs-full_BorrowingCostsCapitalised"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ExpectedNumberOfNewbuildingsToBeDelivered" xlink:label="loc_I9G01G3G9932937HF776_trmd_ExpectedNumberOfNewbuildingsToBeDelivered"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ExpectedNumberOfNewbuildingsToBeDelivered" xml:lang="en-US">Expected Number Of Newbuildings To Be Delivered</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ExpectedNumberOfNewbuildingsToBeDelivered" xml:lang="en-US">Expected number of newbuildings to be delivered during 2018-2019</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ExpectedNumberOfNewbuildingsToBeDelivered" xml:lang="en-US">Represents the expected number of newbuildings to be delivered.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ExpectedNumberOfNewbuildingsToBeDelivered" xlink:to="lab_K1I23I5I1154159JH998_trmd_ExpectedNumberOfNewbuildingsToBeDelivered"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee" xlink:label="loc_2I0HHGGF8208_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee" xml:lang="en-US">Average Period Of Redelivery Of Vessels In Operating Lease By Lessee</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee" xml:lang="en-US">Average period of redelivery of vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee" xml:lang="en-US">Represents the average period of redelivery of vessels in operating lease by lessee.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee" xlink:to="lab_4K2JJIIH0420_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_MaximumMutuallyNonCancellableOperatingLeasePeriod" xlink:label="loc_I9G01G3G9932937HF776_trmd_MaximumMutuallyNonCancellableOperatingLeasePeriod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_MaximumMutuallyNonCancellableOperatingLeasePeriod" xml:lang="en-US">Maximum Mutually Non Cancellable Operating Lease Period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_MaximumMutuallyNonCancellableOperatingLeasePeriod" xml:lang="en-US">Maximum mutually non-cancellable operating lease period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_MaximumMutuallyNonCancellableOperatingLeasePeriod" xml:lang="en-US">Represents maximum mutually non-cancellable operating lease period;</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_MaximumMutuallyNonCancellableOperatingLeasePeriod" xlink:to="lab_K1I23I5I1154159JH998_trmd_MaximumMutuallyNonCancellableOperatingLeasePeriod"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MinimumOperatingLeasePayments" xlink:label="loc_2I0HHGGF8208_ifrs-full_MinimumOperatingLeasePayments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_MinimumOperatingLeasePayments" xml:lang="en-US">Minimum operating lease payments recognised as expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_MinimumOperatingLeasePayments" xml:lang="en-US">Lease expense for Charter hire</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_MinimumOperatingLeasePayments" xlink:to="lab_4K2JJIIH0420_ifrs-full_MinimumOperatingLeasePayments"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OtherOperatingLeaseExpense" xlink:label="loc_I9G01G3G9932937HF776_trmd_OtherOperatingLeaseExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OtherOperatingLeaseExpense" xml:lang="en-US">Other Operating Lease Expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OtherOperatingLeaseExpense" xml:lang="en-US">Other operating lease expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OtherOperatingLeaseExpense" xml:lang="en-US">Represents the amount related to expense for other operating lease payments.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OtherOperatingLeaseExpense" xlink:to="lab_K1I23I5I1154159JH998_trmd_OtherOperatingLeaseExpense"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor" xlink:label="loc_2I0HHGGF8208_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor" xml:lang="en-US">Average Period Of Redelivery Of Vessels In Operating Lease By Lessor</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor" xml:lang="en-US">Average period until redelivery of the vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor" xml:lang="en-US">Represents the average period of redelivery of vessels in operating lease by lessor.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor" xlink:to="lab_4K2JJIIH0420_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfFinancialInstrumentsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinancialInstrumentsTable" xml:lang="en-US">Disclosure of detailed information about financial instruments [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfFinancialInstrumentsTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_ClassesOfFinancialInstrumentsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ClassesOfFinancialInstrumentsAxis" xml:lang="en-US">Classes of financial instruments [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_ClassesOfFinancialInstrumentsAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ClassesOfFinancialInstrumentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ClassesOfFinancialInstrumentsMember" xml:lang="en-US">Financial instruments, class [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ClassesOfFinancialInstrumentsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ForwardFreightAgreementsMember" xlink:label="loc_2I0HHGGF8208_trmd_ForwardFreightAgreementsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ForwardFreightAgreementsMember" xml:lang="en-US">Forward Freight Agreements [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ForwardFreightAgreementsMember" xml:lang="en-US">Forward freight agreements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ForwardFreightAgreementsMember" xml:lang="en-US">This member stands for a contract between two parties for the freight at a specified future date for a settlement price determined in advance.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ForwardFreightAgreementsMember" xlink:to="lab_4K2JJIIH0420_trmd_ForwardFreightAgreementsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SwapContractMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_SwapContractMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_SwapContractMember" xml:lang="en-US">Swap contract [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_SwapContractMember" xml:lang="en-US">Bunker swaps</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_SwapContractMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_SwapContractMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ForwardContractMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_ForwardContractMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ForwardContractMember" xml:lang="en-US">Forward contract [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ForwardContractMember" xml:lang="en-US">Forward exchange contracts</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ForwardContractMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_ForwardContractMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestRateSwapContractMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_InterestRateSwapContractMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_InterestRateSwapContractMember" xml:lang="en-US">Interest rate swap contract [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_InterestRateSwapContractMember" xml:lang="en-US">Interest rate swaps</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_InterestRateSwapContractMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_InterestRateSwapContractMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfFinancialInstrumentsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xml:lang="en-US">Disclosure of detailed information about financial instruments [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfFinancialInstrumentsLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xml:lang="en-US">Financial instruments designated as hedging instruments, at fair value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xml:lang="en-US">Fair value of derivatives</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xml:lang="en-US">Fair value of derivatives as of 31 December</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_StatementOfFinancialPositionLocationAxis" xlink:label="loc_2I0HHGGF8208_trmd_StatementOfFinancialPositionLocationAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_StatementOfFinancialPositionLocationAxis" xml:lang="en-US">Statement Of Financial Position Location [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_StatementOfFinancialPositionLocationAxis" xml:lang="en-US">Information by location on balance sheet (statement of financial position).</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_StatementOfFinancialPositionLocationAxis" xlink:to="lab_4K2JJIIH0420_trmd_StatementOfFinancialPositionLocationAxis"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_StatementOfFinancialPositionLocationDomain" xlink:label="loc_I9G01G3G9932937HF776_trmd_StatementOfFinancialPositionLocationDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_StatementOfFinancialPositionLocationDomain" xml:lang="en-US">Statement Of Financial Position Location [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_StatementOfFinancialPositionLocationDomain" xml:lang="en-US">Information by location on balance sheet (statement of financial position).</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_StatementOfFinancialPositionLocationDomain" xlink:to="lab_K1I23I5I1154159JH998_trmd_StatementOfFinancialPositionLocationDomain"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OtherReceivablesMember" xlink:label="loc_2I0HHGGF8208_trmd_OtherReceivablesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OtherReceivablesMember" xml:lang="en-US">Other Receivables [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OtherReceivablesMember" xml:lang="en-US">Other receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OtherReceivablesMember" xml:lang="en-US">This member stands for the other receivables category.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OtherReceivablesMember" xlink:to="lab_4K2JJIIH0420_trmd_OtherReceivablesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OtherLiabilityMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_OtherLiabilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OtherLiabilityMember" xml:lang="en-US">Other Liability [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OtherLiabilityMember" xml:lang="en-US">Other liabilities</label>

<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OtherLiabilityMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_OtherLiabilityMember"/><label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OtherLiabilityMember" xml:lang="en-US">This member stands for the Other liabilities category.</label>

<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_BunkerSwapContractMember" xlink:label="loc_2I0HHGGF8208_trmd_BunkerSwapContractMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_BunkerSwapContractMember" xml:lang="en-US">Bunker Swap Contract [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_BunkerSwapContractMember" xml:lang="en-US">Bunker swaps</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_BunkerSwapContractMember" xml:lang="en-US">This member stands for a Bunker swap contract.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_BunkerSwapContractMember" xlink:to="lab_4K2JJIIH0420_trmd_BunkerSwapContractMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ForwardExchangeContractMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_ForwardExchangeContractMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ForwardExchangeContractMember" xml:lang="en-US">Forward Exchange Contract [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ForwardExchangeContractMember" xml:lang="en-US">Forward exchange contracts</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ForwardExchangeContractMember" xml:lang="en-US">This member stands for a contract between two parties for exchange at a specified future date for a settlement price determined in advance.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ForwardExchangeContractMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_ForwardExchangeContractMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_RevenueMember" xlink:label="loc_2I0HHGGF8208_trmd_RevenueMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_RevenueMember" xml:lang="en-US">Revenue [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_RevenueMember" xml:lang="en-US">Revenue</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_RevenueMember" xml:lang="en-US">Represents location of prot or loss statement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_RevenueMember" xlink:to="lab_4K2JJIIH0420_trmd_RevenueMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PortExpensesBunkersAndCommissionsMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_PortExpensesBunkersAndCommissionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PortExpensesBunkersAndCommissionsMember" xml:lang="en-US">Port Expenses Bunkers And Commissions [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PortExpensesBunkersAndCommissionsMember" xml:lang="en-US">Port expenses, bunkers and commissions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PortExpensesBunkersAndCommissionsMember" xml:lang="en-US">Represents location of prot or loss statement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PortExpensesBunkersAndCommissionsMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_PortExpensesBunkersAndCommissionsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_FinancialItemMember" xlink:label="loc_2I0HHGGF8208_trmd_FinancialItemMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_FinancialItemMember" xml:lang="en-US">Financial Item [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_FinancialItemMember" xml:lang="en-US">Financial items</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_FinancialItemMember" xml:lang="en-US">Represents location of prot or loss statement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_FinancialItemMember" xlink:to="lab_4K2JJIIH0420_trmd_FinancialItemMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_HedgingReserveMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_HedgingReserveMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_HedgingReserveMember" xml:lang="en-US">Hedging Reserve [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_HedgingReserveMember" xml:lang="en-US">Hedging reserves</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_HedgingReserveMember" xml:lang="en-US">Represents location of equity statement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_HedgingReserveMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_HedgingReserveMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss" xlink:label="loc_2I0HHGGF8208_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss" xml:lang="en-US">Gain Loss On Derivative Financial Instruments Recognised In Profit Or Loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss" xml:lang="en-US">Gain (loss) on derivative financial instruments, recognised in profit or loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss" xml:lang="en-US">Represents the amount related to gain (loss) on derivative financial instruments recognized in Profit or loss statement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss" xlink:to="lab_4K2JJIIH0420_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity" xlink:label="loc_I9G01G3G9932937HF776_trmd_FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity" xml:lang="en-US">Fair Value Adjustments Of Derivative Financial Instruments Designated As Hedge Recognized In Equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity" xml:lang="en-US">Fair value adjustments of derivative financial instruments designated as hedge recognized in equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity" xml:lang="en-US">Represents the amount related to fair value adjustments of derivative financial instruments designated as hedge recognized in equity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity" xlink:to="lab_K1I23I5I1154159JH998_trmd_FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge" xlink:label="loc_2I0HHGGF8208_trmd_FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge" xml:lang="en-US">Financial Instruments Designated As Hedge At Fair Value Net Of Previously Fixed Hedge</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge" xml:lang="en-US">Fair value of derivatives net of a previously fixed hedge</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge" xml:lang="en-US">Represents the fair value of financial instruments designated as hedging instruments net of previously fixed hedge.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge" xlink:to="lab_4K2JJIIH0420_trmd_FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NotionalAmount" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_NotionalAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_NotionalAmount" xml:lang="en-US">Notional amount</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_NotionalAmount" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_NotionalAmount"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityToChangesInFreightRatesAbstract" xlink:label="loc_2I0HHGGF8208_trmd_SensitivityToChangesInFreightRatesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityToChangesInFreightRatesAbstract" xml:lang="en-US">Sensitivity To Changes In Freight Rates [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityToChangesInFreightRatesAbstract" xml:lang="en-US">Decrease in freight rates of USD/day 1,000:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_SensitivityToChangesInFreightRatesAbstract" xlink:to="lab_4K2JJIIH0420_trmd_SensitivityToChangesInFreightRatesAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax" xlink:label="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax" xml:lang="en-US">Sensitivity Analysis For Changes In Freight Rates Increase Decrease In Profit Before Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax" xml:lang="en-US">Changes in profit before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax" xml:lang="en-US">Represents the amount related to increase (decrease) in equity in sensitivity analysis for changes in freight rates.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax" xlink:to="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity" xlink:label="loc_2I0HHGGF8208_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity" xml:lang="en-US">Sensitivity Analysis For Changes In Freight Rates Increase Decrease In Equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity" xml:lang="en-US">Changes in equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity" xml:lang="en-US">Represents the amount related to increase (decrease) in equity in sensitivity analysis for changes in freight rates.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity" xlink:to="lab_4K2JJIIH0420_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityToChangesInTheBunkerPricesAbstract" xlink:label="loc_I9G01G3G9932937HF776_trmd_SensitivityToChangesInTheBunkerPricesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityToChangesInTheBunkerPricesAbstract" xml:lang="en-US">Sensitivity To Changes In The Bunker Prices [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityToChangesInTheBunkerPricesAbstract" xml:lang="en-US">Increase in the bunker prices of 10% per ton:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_SensitivityToChangesInTheBunkerPricesAbstract" xlink:to="lab_K1I23I5I1154159JH998_trmd_SensitivityToChangesInTheBunkerPricesAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax" xlink:label="loc_2I0HHGGF8208_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax" xml:lang="en-US">Sensitivity Analysis Impact Of Ten Percent Per Ton Increase In Bunker Prices Change In Profit Before Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax" xml:lang="en-US">Changes in profit before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax" xml:lang="en-US">Represents the amount of changes in profit before tax as impact of increase in the bunker prices of 10% per ton in sensitivity analysis.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax" xlink:to="lab_4K2JJIIH0420_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity" xlink:label="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity" xml:lang="en-US">Sensitivity Analysis Impact Of Ten Percent Per Ton Increase In Bunker Prices Change In Equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity" xml:lang="en-US">Changes in equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity" xml:lang="en-US">Represents the amount of changes in equity as impact of increase in the bunker prices of 10% per ton in sensitivity analysis.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity" xlink:to="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityToChangesInCurrencyExchangeRateAbstract" xlink:label="loc_2I0HHGGF8208_trmd_SensitivityToChangesInCurrencyExchangeRateAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityToChangesInCurrencyExchangeRateAbstract" xml:lang="en-US">Sensitivity To Changes In Currency Exchange Rate [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityToChangesInCurrencyExchangeRateAbstract" xml:lang="en-US">Effect of a 10% increase of DKK and EUR:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_SensitivityToChangesInCurrencyExchangeRateAbstract" xlink:to="lab_4K2JJIIH0420_trmd_SensitivityToChangesInCurrencyExchangeRateAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax" xlink:label="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax" xml:lang="en-US">Sensitivity Analysis Impact Of Ten Percent Change In Exchange Rate Change In Profit Before Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax" xml:lang="en-US">Changes in profit before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax" xml:lang="en-US">Represents the amount of changes in profit before tax as impact of 10% change in exchange rate in sensitivity analysis.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax" xlink:to="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity" xlink:label="loc_2I0HHGGF8208_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity" xml:lang="en-US">Sensitivity Analysis Impact Of Ten Percent Change In Exchange Rate Change In Equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity" xml:lang="en-US">Changes in equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity" xml:lang="en-US">Represents the amount of changes in equity as impact of 10% change in exchange rate in sensitivity analysis.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity" xlink:to="lab_4K2JJIIH0420_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityToChangesInInterestRatesAbstract" xlink:label="loc_I9G01G3G9932937HF776_trmd_SensitivityToChangesInInterestRatesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityToChangesInInterestRatesAbstract" xml:lang="en-US">Sensitivity To Changes In Interest Rates [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityToChangesInInterestRatesAbstract" xml:lang="en-US">Effect of a 1%-point increase in interest rates:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_SensitivityToChangesInInterestRatesAbstract" xlink:to="lab_K1I23I5I1154159JH998_trmd_SensitivityToChangesInInterestRatesAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax" xlink:label="loc_2I0HHGGF8208_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax" xml:lang="en-US">Sensitivity Analysis Impact Of One Percent Point Increase In Interest Rate Change In Profit Before Tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax" xml:lang="en-US">Changes in profit before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax" xml:lang="en-US">Represents the amount of changes in profit before tax as impact of 1% point increase in exchange rate in sensitivity analysis.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax" xlink:to="lab_4K2JJIIH0420_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity" xlink:label="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity" xml:lang="en-US">Sensitivity Analysis Impact Of One Percent Point Increase In Interest Rate Change In Equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity" xml:lang="en-US">Changes in equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity" xml:lang="en-US">Represents the amount of changes in equity as impact of 1% point increase in exchange rate in sensitivity analysis.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity" xlink:to="lab_K1I23I5I1154159JH998_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsTable" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsTable" xml:lang="en-US">Disclosure of nature and extent of risks arising from financial instruments [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsTable" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsTable"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AgreementAxis" xlink:label="loc_I9G01G3G9932937HF776_trmd_AgreementAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_AgreementAxis" xml:lang="en-US">Agreement [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_AgreementAxis" xml:lang="en-US">Represents the different types of agreement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_AgreementAxis" xlink:to="lab_K1I23I5I1154159JH998_trmd_AgreementAxis"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AgreementDomain" xlink:label="loc_2I0HHGGF8208_trmd_AgreementDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AgreementDomain" xml:lang="en-US">Agreement [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_AgreementDomain" xml:lang="en-US">Represents the different types of agreement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AgreementDomain" xlink:to="lab_4K2JJIIH0420_trmd_AgreementDomain"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_CargoContractsAndTimeCharteRagreementsMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_CargoContractsAndTimeCharteRagreementsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_CargoContractsAndTimeCharteRagreementsMember" xml:lang="en-US">Cargo Contracts And Time Charte Ragreements [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_CargoContractsAndTimeCharteRagreementsMember" xml:lang="en-US">Cargo contracts and time charte ragreements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_CargoContractsAndTimeCharteRagreementsMember" xml:lang="en-US">Represents cargo contracts and time charter agreements.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_CargoContractsAndTimeCharteRagreementsMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_CargoContractsAndTimeCharteRagreementsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PositionTypeAxis" xlink:label="loc_2I0HHGGF8208_trmd_PositionTypeAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PositionTypeAxis" xml:lang="en-US">Position Type [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PositionTypeAxis" xml:lang="en-US">Information by position taken for a derivative.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PositionTypeAxis" xlink:to="lab_4K2JJIIH0420_trmd_PositionTypeAxis"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PositionTypeDomain" xlink:label="loc_I9G01G3G9932937HF776_trmd_PositionTypeDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PositionTypeDomain" xml:lang="en-US">Position Type [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PositionTypeDomain" xml:lang="en-US">Information by position taken for a derivative.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PositionTypeDomain" xlink:to="lab_K1I23I5I1154159JH998_trmd_PositionTypeDomain"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_LongPositionMember" xlink:label="loc_2I0HHGGF8208_trmd_LongPositionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_LongPositionMember" xml:lang="en-US">Long Position [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_LongPositionMember" xml:lang="en-US">Long Position</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_LongPositionMember" xml:lang="en-US">Indicates an ownership position in, or purchase of, a security.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_LongPositionMember" xlink:to="lab_4K2JJIIH0420_trmd_LongPositionMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ShortPositionMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_ShortPositionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ShortPositionMember" xml:lang="en-US">Short Position [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ShortPositionMember" xml:lang="en-US">Short Position</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ShortPositionMember" xml:lang="en-US">Indicates the sale of a borrowed security or written option.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ShortPositionMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_ShortPositionMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RangeAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_RangeAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_RangeAxis" xml:lang="en-US">Range [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_RangeAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_RangeAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RangesMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_RangesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_RangesMember" xml:lang="en-US">Ranges [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_RangesMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_RangesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BottomOfRangeMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_BottomOfRangeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_BottomOfRangeMember" xml:lang="en-US">Bottom of range [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_BottomOfRangeMember" xml:lang="en-US">Bottom of range</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_BottomOfRangeMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_BottomOfRangeMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TopOfRangeMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_TopOfRangeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_TopOfRangeMember" xml:lang="en-US">Top of range [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_TopOfRangeMember" xml:lang="en-US">Top of range</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_TopOfRangeMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_TopOfRangeMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems" xml:lang="en-US">Disclosure of nature and extent of risks arising from financial instruments [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems"/>





<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_CoveragePeriodUnderAgreement" xlink:label="loc_2I0HHGGF8208_trmd_CoveragePeriodUnderAgreement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_CoveragePeriodUnderAgreement" xml:lang="en-US">Coverage Period Under Agreement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_CoveragePeriodUnderAgreement" xml:lang="en-US">Coverage period under agreement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_CoveragePeriodUnderAgreement" xml:lang="en-US">Represents the coverage period under the agreement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_CoveragePeriodUnderAgreement" xlink:to="lab_4K2JJIIH0420_trmd_CoveragePeriodUnderAgreement"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements" xlink:label="loc_I9G01G3G9932937HF776_trmd_PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements" xml:lang="en-US">Percentage Of Freight Earnings Derived From Tankers Secured By Agreements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements" xml:lang="en-US">Percentage of freight earnings derived from tankers secured by agreements</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements" xml:lang="en-US">Represents the percentage of freight earnings derived from tankers which were secured by physcial and forward agreements.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements" xlink:to="lab_K1I23I5I1154159JH998_trmd_PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging" xlink:label="loc_2I0HHGGF8208_trmd_PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging" xml:lang="en-US">Percentage Of Physical Time Charter Contracts Accounted For Overall Hedging</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging" xml:lang="en-US">Percentage of physical time charter contracts accounted for overall hedging</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging" xml:lang="en-US">Represents the percentage of physical time charter contracts accounted for overall hedging.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging" xlink:to="lab_4K2JJIIH0420_trmd_PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DerivativeNotionalContractValue" xlink:label="loc_I9G01G3G9932937HF776_trmd_DerivativeNotionalContractValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DerivativeNotionalContractValue" xml:lang="en-US">Derivative Notional Contract Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_DerivativeNotionalContractValue" xml:lang="en-US">Notional contract value of derivative</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DerivativeNotionalContractValue" xml:lang="en-US">Represents the percentage of physical time charter contracts accounted for overall hedging.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DerivativeNotionalContractValue" xlink:to="lab_K1I23I5I1154159JH998_trmd_DerivativeNotionalContractValue"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DerivativesNonmonetaryNotionalAmountVolume" xlink:label="loc_2I0HHGGF8208_trmd_DerivativesNonmonetaryNotionalAmountVolume"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DerivativesNonmonetaryNotionalAmountVolume" xml:lang="en-US">Derivatives Nonmonetary Notional Amount Volume</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DerivativesNonmonetaryNotionalAmountVolume" xml:lang="en-US">Notional contract volume</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DerivativesNonmonetaryNotionalAmountVolume" xml:lang="en-US">Derivatives Nonmonetary Notional Amount Volume</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DerivativesNonmonetaryNotionalAmountVolume" xml:lang="en-US">Represents nominal volume used to calculate payments on a derivative instrument.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DerivativesNonmonetaryNotionalAmountVolume" xlink:to="lab_4K2JJIIH0420_trmd_DerivativesNonmonetaryNotionalAmountVolume"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfCoverage" xlink:label="loc_I9G01G3G9932937HF776_trmd_PercentageOfCoverage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfCoverage" xml:lang="en-US">Percentage Of Coverage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfCoverage" xml:lang="en-US">Percentage of coverage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfCoverage" xml:lang="en-US">Represents the percentage of coverage.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PercentageOfCoverage" xlink:to="lab_K1I23I5I1154159JH998_trmd_PercentageOfCoverage"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfCompaniesToDiversifyRisk" xlink:label="loc_2I0HHGGF8208_trmd_NumberOfCompaniesToDiversifyRisk"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfCompaniesToDiversifyRisk" xml:lang="en-US">Number Of Companies To Diversify Risk</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfCompaniesToDiversifyRisk" xml:lang="en-US">Number of companies to diversify risk</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfCompaniesToDiversifyRisk" xml:lang="en-US">Represents the number of companies to diversify risk.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NumberOfCompaniesToDiversifyRisk" xlink:to="lab_4K2JJIIH0420_trmd_NumberOfCompaniesToDiversifyRisk"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfProtectionAndIndemnityClubToDiversifyRisk" xlink:label="loc_I9G01G3G9932937HF776_trmd_NumberOfProtectionAndIndemnityClubToDiversifyRisk"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfProtectionAndIndemnityClubToDiversifyRisk" xml:lang="en-US">Number Of Protection And Indemnity Clubto Diversify Risk</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfProtectionAndIndemnityClubToDiversifyRisk" xml:lang="en-US">Number of Protection and Indemnity club</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfProtectionAndIndemnityClubToDiversifyRisk" xml:lang="en-US">Represents the number of Protection and Indemnity club to diversify risk.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NumberOfProtectionAndIndemnityClubToDiversifyRisk" xlink:to="lab_K1I23I5I1154159JH998_trmd_NumberOfProtectionAndIndemnityClubToDiversifyRisk"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_RevolvingCreditFacilitiesMember" xlink:label="loc_2I0HHGGF8208_trmd_RevolvingCreditFacilitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_RevolvingCreditFacilitiesMember" xml:lang="en-US">Revolving Credit Facilities [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_RevolvingCreditFacilitiesMember" xml:lang="en-US">Revolving Credit Facilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_RevolvingCreditFacilitiesMember" xml:lang="en-US">Arrangement in which loan proceeds can continuously be obtained following repayments, but the total amount borrowed cannot exceed a specified maximum amount.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_RevolvingCreditFacilitiesMember" xlink:to="lab_4K2JJIIH0420_trmd_RevolvingCreditFacilitiesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_InterestBearingDebtMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_InterestBearingDebtMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_InterestBearingDebtMember" xml:lang="en-US">Interest Bearing Debt [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_InterestBearingDebtMember" xml:lang="en-US">Interest bearing debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_InterestBearingDebtMember" xml:lang="en-US">Represents the borrowings of the entity that require the payment of interest.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_InterestBearingDebtMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_InterestBearingDebtMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_CarryingValueOfFleet" xlink:label="loc_2I0HHGGF8208_trmd_CarryingValueOfFleet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_CarryingValueOfFleet" xml:lang="en-US">Carrying Value Of Fleet</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_CarryingValueOfFleet" xml:lang="en-US">Carrying value of fleet</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_CarryingValueOfFleet" xml:lang="en-US">Represents the carrying value of fleet.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_CarryingValueOfFleet" xlink:to="lab_4K2JJIIH0420_trmd_CarryingValueOfFleet"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_MarketValueOfFleetExcludingUndeLiveredNewBuildings" xlink:label="loc_I9G01G3G9932937HF776_trmd_MarketValueOfFleetExcludingUndeLiveredNewBuildings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_MarketValueOfFleetExcludingUndeLiveredNewBuildings" xml:lang="en-US">Market Value Of Fleet Excluding Unde Livered New Buildings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_MarketValueOfFleetExcludingUndeLiveredNewBuildings" xml:lang="en-US">Market value of fleet (excluding undelivered newbuildings)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_MarketValueOfFleetExcludingUndeLiveredNewBuildings" xml:lang="en-US">Represents the market value of fleet excluding undeliverd newbuildings.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_MarketValueOfFleetExcludingUndeLiveredNewBuildings" xlink:to="lab_K1I23I5I1154159JH998_trmd_MarketValueOfFleetExcludingUndeLiveredNewBuildings"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfTankerSold" xlink:label="loc_2I0HHGGF8208_trmd_NumberOfTankerSold"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfTankerSold" xml:lang="en-US">Number Of Tanker Sold</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfTankerSold" xml:lang="en-US">Number of tanker sold</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfTankerSold" xml:lang="en-US">Represents the number of tanker sold during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NumberOfTankerSold" xlink:to="lab_4K2JJIIH0420_trmd_NumberOfTankerSold"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfTankerPurchased" xlink:label="loc_I9G01G3G9932937HF776_trmd_NumberOfTankerPurchased"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfTankerPurchased" xml:lang="en-US">Number Of Tanker Purchased</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfTankerPurchased" xml:lang="en-US">Number of tanker purchased</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfTankerPurchased" xml:lang="en-US">Represents the number of tanker purchased during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NumberOfTankerPurchased" xlink:to="lab_K1I23I5I1154159JH998_trmd_NumberOfTankerPurchased"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfVesselsOnOrderForDeliveryInNextTwoFiscalYears" xlink:label="loc_2I0HHGGF8208_trmd_NumberOfVesselsOnOrderForDeliveryInNextTwoFiscalYears"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfVesselsOnOrderForDeliveryInNextTwoFiscalYears" xml:lang="en-US">Number Of Vessels On Order For Delivery In Next Two Fiscal Years</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfVesselsOnOrderForDeliveryInNextTwoFiscalYears" xml:lang="en-US">Number of vessels on order for delivery in 2018-2019</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfVesselsOnOrderForDeliveryInNextTwoFiscalYears" xml:lang="en-US">Represents the number of vessels on order for delivery in next two fiscal years.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NumberOfVesselsOnOrderForDeliveryInNextTwoFiscalYears" xlink:to="lab_4K2JJIIH0420_trmd_NumberOfVesselsOnOrderForDeliveryInNextTwoFiscalYears"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfAdditionalTankerThatCanBePurchased" xlink:label="loc_I9G01G3G9932937HF776_trmd_NumberOfAdditionalTankerThatCanBePurchased"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfAdditionalTankerThatCanBePurchased" xml:lang="en-US">Number Of Additional Tanker Purchased That Can Be Purchased</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfAdditionalTankerThatCanBePurchased" xml:lang="en-US">Number of additional tanker purchased</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfAdditionalTankerThatCanBePurchased" xml:lang="en-US">Represents the number of additional tanker that can be purchased during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NumberOfAdditionalTankerThatCanBePurchased" xlink:to="lab_K1I23I5I1154159JH998_trmd_NumberOfAdditionalTankerThatCanBePurchased"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels" xlink:label="loc_2I0HHGGF8208_trmd_PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels" xml:lang="en-US">Percentage Of Total Voyage Costs As Cost Of Fuel Oil Consumed By Vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels" xml:lang="en-US">Threshold percentage of total voyage costs as cost of fuel oil consumed by vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels" xml:lang="en-US">Represents the percentage of total voyage costs as cost of fuel oil consumed by vessels.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels" xlink:to="lab_4K2JJIIH0420_trmd_PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfBunkerConsumptionHedged" xlink:label="loc_I9G01G3G9932937HF776_trmd_PercentageOfBunkerConsumptionHedged"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfBunkerConsumptionHedged" xml:lang="en-US">Percentage Of Bunker Consumption Hedged</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfBunkerConsumptionHedged" xml:lang="en-US">Percentage of bunker consumption hedged</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfBunkerConsumptionHedged" xml:lang="en-US">Represents the percentage of bunker consumption hedged through bunker hedging contracts.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PercentageOfBunkerConsumptionHedged" xlink:to="lab_K1I23I5I1154159JH998_trmd_PercentageOfBunkerConsumptionHedged"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfBunkerRequirementsForHedgingInstruments" xlink:label="loc_2I0HHGGF8208_trmd_PercentageOfBunkerRequirementsForHedgingInstruments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfBunkerRequirementsForHedgingInstruments" xml:lang="en-US">Percentage Of Bunker Requirements For Hedging Instruments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfBunkerRequirementsForHedgingInstruments" xml:lang="en-US">Percentage of bunker requirements for hedging instruments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfBunkerRequirementsForHedgingInstruments" xml:lang="en-US">Represents the percentage of bunker requirements for hedging instruments.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PercentageOfBunkerRequirementsForHedgingInstruments" xlink:to="lab_4K2JJIIH0420_trmd_PercentageOfBunkerRequirementsForHedgingInstruments"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfBanksHavingLoanPortfolio" xlink:label="loc_I9G01G3G9932937HF776_trmd_NumberOfBanksHavingLoanPortfolio"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfBanksHavingLoanPortfolio" xml:lang="en-US">Number Of Banks Having Loan Portfolio</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfBanksHavingLoanPortfolio" xml:lang="en-US">Number of banks having loan portfolio</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfBanksHavingLoanPortfolio" xml:lang="en-US">Represents the number banks having loan portfolio.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NumberOfBanksHavingLoanPortfolio" xlink:to="lab_K1I23I5I1154159JH998_trmd_NumberOfBanksHavingLoanPortfolio"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels" xlink:label="loc_2I0HHGGF8208_trmd_AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels" xml:lang="en-US">Aggregate Insured Value Of Hul Land Machinery And Interest For Owned Vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels" xml:lang="en-US">Aggregate insured value of hull and machinery and interest for TORM's owned vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels" xml:lang="en-US">Represents the aggregate insured value of hull and machinery and interest for owned vessels.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels" xlink:to="lab_4K2JJIIH0420_trmd_AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfConcerntrationRisk" xlink:label="loc_I9G01G3G9932937HF776_trmd_PercentageOfConcerntrationRisk"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfConcerntrationRisk" xml:lang="en-US">Percentage Of Concerntration Risk</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfConcerntrationRisk" xml:lang="en-US">Percentage of frieght revenues</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfConcerntrationRisk" xml:lang="en-US">For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PercentageOfConcerntrationRisk" xlink:to="lab_K1I23I5I1154159JH998_trmd_PercentageOfConcerntrationRisk"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AveragePercentageOfDemurrageRevenueCollection" xlink:label="loc_2I0HHGGF8208_trmd_AveragePercentageOfDemurrageRevenueCollection"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AveragePercentageOfDemurrageRevenueCollection" xml:lang="en-US">Average Percentage Of Demurrage Revenue Collection</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_AveragePercentageOfDemurrageRevenueCollection" xml:lang="en-US">Average percentage of demurrage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_AveragePercentageOfDemurrageRevenueCollection" xml:lang="en-US">Represents the average percentage of demurrage revenue collection.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AveragePercentageOfDemurrageRevenueCollection" xlink:to="lab_4K2JJIIH0420_trmd_AveragePercentageOfDemurrageRevenueCollection"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfTotalFreightRevenuesAsDemurrage" xlink:label="loc_I9G01G3G9932937HF776_trmd_PercentageOfTotalFreightRevenuesAsDemurrage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfTotalFreightRevenuesAsDemurrage" xml:lang="en-US">Percentage Of Total Freight Revenues As Demurrage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfTotalFreightRevenuesAsDemurrage" xml:lang="en-US">Percentage of total freight revenues as demurrage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfTotalFreightRevenuesAsDemurrage" xml:lang="en-US">Represents the percentage of total freight revenues as demurrage.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PercentageOfTotalFreightRevenuesAsDemurrage" xlink:to="lab_K1I23I5I1154159JH998_trmd_PercentageOfTotalFreightRevenuesAsDemurrage"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk" xlink:label="loc_2I0HHGGF8208_trmd_PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk" xml:lang="en-US">Percentage Of Derivative Instruments Cleared Through Stock Exchange Reducing Counterparty Risk</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk" xml:lang="en-US">Percentage of forward freight agreements (FFAs) and fuel swaps</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk" xml:lang="en-US">Represents the percentage of derivative instruments cleared through stock exchange reducing counterparty risk.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk" xlink:to="lab_4K2JJIIH0420_trmd_PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency" xlink:label="loc_I9G01G3G9932937HF776_trmd_PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency" xml:lang="en-US">Percentage Of Administrative Expenses Denominated In Other Than Functional Currency</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency" xml:lang="en-US">Percentage of administrative expenses denominated in currencies other than USD</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency" xml:lang="en-US">Represents the percentage of administrative expenses denominated in other than functional currency.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency" xlink:to="lab_K1I23I5I1154159JH998_trmd_PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency" xlink:label="loc_2I0HHGGF8208_trmd_PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency" xml:lang="en-US">Percentage Of Operating Expenses Denominated In Other Than Functional Currency</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency" xml:lang="en-US">Percentage of operating expenses denominated in currencies other than USD</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency" xml:lang="en-US">Represents the percentage of operating expenses denominated in other than functional currency.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency" xlink:to="lab_4K2JJIIH0420_trmd_PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged" xlink:label="loc_I9G01G3G9932937HF776_trmd_PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged" xml:lang="en-US">Percentage Of Administrative And Operating Expenses Denominated In Other Than Functional Currency Hedged</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged" xml:lang="en-US">Percentage of administrative and operating expenses denominated in currencies in DKK and EUR</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged" xml:lang="en-US">Represents the percentage of administrative and operating expenses denominated in other than functional currency hedged.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged" xlink:to="lab_K1I23I5I1154159JH998_trmd_PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PercentageOfExposureToInterestRateRisk" xlink:label="loc_2I0HHGGF8208_trmd_PercentageOfExposureToInterestRateRisk"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfExposureToInterestRateRisk" xml:lang="en-US">Percentage Of Exposure To Interest Rate Risk</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfExposureToInterestRateRisk" xml:lang="en-US">Percentage of exposure to interest rate risk</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PercentageOfExposureToInterestRateRisk" xml:lang="en-US">Represents the percentage of exposure to interest rate risk.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PercentageOfExposureToInterestRateRisk" xlink:to="lab_4K2JJIIH0420_trmd_PercentageOfExposureToInterestRateRisk"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_FloatingRateLoansDescriptionOfVariableRateBasis" xlink:label="loc_I9G01G3G9932937HF776_trmd_FloatingRateLoansDescriptionOfVariableRateBasis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_FloatingRateLoansDescriptionOfVariableRateBasis" xml:lang="en-US">Floating Rate Loans Description Of Variable Rate Basis</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_FloatingRateLoansDescriptionOfVariableRateBasis" xml:lang="en-US">Floating rate loans description of variable rate basis</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_FloatingRateLoansDescriptionOfVariableRateBasis" xml:lang="en-US">Represents the description of basis of variable rate of floating rate loans.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_FloatingRateLoansDescriptionOfVariableRateBasis" xlink:to="lab_K1I23I5I1154159JH998_trmd_FloatingRateLoansDescriptionOfVariableRateBasis"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_IncreaseDecreaseInInterestBearingDebt" xlink:label="loc_2I0HHGGF8208_trmd_IncreaseDecreaseInInterestBearingDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_IncreaseDecreaseInInterestBearingDebt" xml:lang="en-US">Increase (Decrease) In Interest Bearing Debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_IncreaseDecreaseInInterestBearingDebt" xml:lang="en-US">Increase (decrease) in interest-bearing debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_IncreaseDecreaseInInterestBearingDebt" xml:lang="en-US">Represents the amount related to increase (decrease) in the carrying amount of the debt instrument for the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_IncreaseDecreaseInInterestBearingDebt" xlink:to="lab_4K2JJIIH0420_trmd_IncreaseDecreaseInInterestBearingDebt"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_LiquidityReserveMaintainedInCash" xlink:label="loc_I9G01G3G9932937HF776_trmd_LiquidityReserveMaintainedInCash"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_LiquidityReserveMaintainedInCash" xml:lang="en-US">Liquidity Reserve Maintained In Cash</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_LiquidityReserveMaintainedInCash" xml:lang="en-US">Liquidity reserve in cash</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_LiquidityReserveMaintainedInCash" xml:lang="en-US">Represents the liquidity reserve maintained in cash.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_LiquidityReserveMaintainedInCash" xlink:to="lab_K1I23I5I1154159JH998_trmd_LiquidityReserveMaintainedInCash"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_LevelsOfFairValueHierarchyAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_LevelsOfFairValueHierarchyAxis" xml:lang="en-US">Levels of fair value hierarchy [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_LevelsOfFairValueHierarchyAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AllLevelsOfFairValueHierarchyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AllLevelsOfFairValueHierarchyMember" xml:lang="en-US">All levels of fair value hierarchy [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AllLevelsOfFairValueHierarchyMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Level1OfFairValueHierarchyMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_Level1OfFairValueHierarchyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_Level1OfFairValueHierarchyMember" xml:lang="en-US">Level 1 of fair value hierarchy [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_Level1OfFairValueHierarchyMember" xml:lang="en-US">Level 1</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_Level1OfFairValueHierarchyMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Level2OfFairValueHierarchyMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_Level2OfFairValueHierarchyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Level2OfFairValueHierarchyMember" xml:lang="en-US">Level 2 of fair value hierarchy [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_Level2OfFairValueHierarchyMember" xml:lang="en-US">Level 2</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_Level2OfFairValueHierarchyMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Level3OfFairValueHierarchyMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_Level3OfFairValueHierarchyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_Level3OfFairValueHierarchyMember" xml:lang="en-US">Level 3 of fair value hierarchy [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_Level3OfFairValueHierarchyMember" xml:lang="en-US">Level 3</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_Level3OfFairValueHierarchyMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CategoriesOfFinancialAssetsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CategoriesOfFinancialAssetsAxis" xml:lang="en-US">Categories of financial assets [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CategoriesOfFinancialAssetsAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsCategoryMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_FinancialAssetsCategoryMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsCategoryMember" xml:lang="en-US">Financial assets, category [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_FinancialAssetsCategoryMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsCategoryMember"/>




<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_FreightReceivablesMember" xlink:label="loc_2I0HHGGF8208_trmd_FreightReceivablesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_FreightReceivablesMember" xml:lang="en-US">Freight Receivables [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_FreightReceivablesMember" xml:lang="en-US">Freight receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_FreightReceivablesMember" xml:lang="en-US">This member stands for the Freight receivables category.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_FreightReceivablesMember" xlink:to="lab_4K2JJIIH0420_trmd_FreightReceivablesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_CashAndCashEquivalentMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_CashAndCashEquivalentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_CashAndCashEquivalentMember" xml:lang="en-US">Cash And Cash Equivalent [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_CashAndCashEquivalentMember" xml:lang="en-US">Cash and cash equivalents</label>

<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_CashAndCashEquivalentMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_CashAndCashEquivalentMember"/><label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_CashAndCashEquivalentMember" xml:lang="en-US">This member stands for Cash and cash equivalents category.</label>

<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_CategoriesOfFinancialLiabilitiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xml:lang="en-US">Categories of financial liabilities [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_CategoriesOfFinancialLiabilitiesAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialLiabilitiesCategoryMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_FinancialLiabilitiesCategoryMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinancialLiabilitiesCategoryMember" xml:lang="en-US">Financial liabilities, category [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_FinancialLiabilitiesCategoryMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_FinancialLiabilitiesCategoryMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_MortgageDebtAndBankLoansMember" xlink:label="loc_2I0HHGGF8208_trmd_MortgageDebtAndBankLoansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_MortgageDebtAndBankLoansMember" xml:lang="en-US">Mortgage Debt And Bank Loans [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_MortgageDebtAndBankLoansMember" xml:lang="en-US">Mortgage debt and bank loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_MortgageDebtAndBankLoansMember" xml:lang="en-US">This member stands for the Mortgage debt and bank loans category.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_MortgageDebtAndBankLoansMember" xlink:to="lab_4K2JJIIH0420_trmd_MortgageDebtAndBankLoansMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TradePayablesMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_TradePayablesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_TradePayablesMember" xml:lang="en-US">Trade Payables [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_TradePayablesMember" xml:lang="en-US">Trade payables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_TradePayablesMember" xml:lang="en-US">This member stands for the trade payables category.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_TradePayablesMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_TradePayablesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsAtFairValue" xlink:label="loc_2I0HHGGF8208_ifrs-full_FinancialAssetsAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsAtFairValue" xml:lang="en-US">Financial assets, at fair value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsAtFairValue" xml:lang="en-US">Financial assets, at fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_FinancialAssetsAtFairValue" xlink:to="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsAtFairValue"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsAtAmortisedCost" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_FinancialAssetsAtAmortisedCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinancialAssetsAtAmortisedCost" xml:lang="en-US">Financial assets at amortised cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinancialAssetsAtAmortisedCost" xml:lang="en-US">Financial assets at amortised cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_FinancialAssetsAtAmortisedCost" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_FinancialAssetsAtAmortisedCost"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssets" xlink:label="loc_2I0HHGGF8208_ifrs-full_FinancialAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinancialAssets" xml:lang="en-US">Financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinancialAssets" xml:lang="en-US">Financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_FinancialAssets" xlink:to="lab_4K2JJIIH0420_ifrs-full_FinancialAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialLiabilitiesAtFairValue" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_FinancialLiabilitiesAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinancialLiabilitiesAtFairValue" xml:lang="en-US">Financial liabilities, at fair value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinancialLiabilitiesAtFairValue" xml:lang="en-US">Financial liabilities, at fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_FinancialLiabilitiesAtFairValue"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:label="loc_2I0HHGGF8208_ifrs-full_FinancialLiabilitiesAtAmortisedCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinancialLiabilitiesAtAmortisedCost" xml:lang="en-US">Financial liabilities at amortised cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinancialLiabilitiesAtAmortisedCost" xml:lang="en-US">Financial liabilities at amortised cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:to="lab_4K2JJIIH0420_ifrs-full_FinancialLiabilitiesAtAmortisedCost"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialLiabilities" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_FinancialLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinancialLiabilities" xml:lang="en-US">Financial liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FinancialLiabilities" xml:lang="en-US">Financial liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_FinancialLiabilities" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_FinancialLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NameOfUltimateParentOfGroup" xlink:label="loc_2I0HHGGF8208_ifrs-full_NameOfUltimateParentOfGroup"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NameOfUltimateParentOfGroup" xml:lang="en-US">Name of ultimate parent of group</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NameOfUltimateParentOfGroup" xml:lang="en-US">Name of ultimate parent of group</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NameOfUltimateParentOfGroup" xlink:to="lab_4K2JJIIH0420_ifrs-full_NameOfUltimateParentOfGroup"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable" xlink:label="loc_I9G01G3G9932937HF776_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable" xml:lang="en-US">Disclosure Of Information About Non Current Assets Held For Sale [Table]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable" xml:lang="en-US">Schedule disclosing information related to non-current assets held for sale.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable" xlink:to="lab_K1I23I5I1154159JH998_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentAssetsHeldForSaleMember" xlink:label="loc_2I0HHGGF8208_ifrs-full_NoncurrentAssetsHeldForSaleMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NoncurrentAssetsHeldForSaleMember" xml:lang="en-US">Non-current assets held for sale [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_NoncurrentAssetsHeldForSaleMember" xml:lang="en-US">Non-current assets held for sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NoncurrentAssetsHeldForSaleMember" xlink:to="lab_4K2JJIIH0420_ifrs-full_NoncurrentAssetsHeldForSaleMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems" xlink:label="loc_I9G01G3G9932937HF776_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems" xml:lang="en-US">Disclosure Of Information About Non Current Assets Held For Sale [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems" xml:lang="en-US">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems" xlink:to="lab_K1I23I5I1154159JH998_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfVesselsSold" xlink:label="loc_2I0HHGGF8208_trmd_NumberOfVesselsSold"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfVesselsSold" xml:lang="en-US">Number Of Vessels Sold</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfVesselsSold" xml:lang="en-US">Number of vessels sold</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfVesselsSold" xml:lang="en-US">The number of vessels sold.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NumberOfVesselsSold" xlink:to="lab_4K2JJIIH0420_trmd_NumberOfVesselsSold"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfVesselsDeliveredToNewOwner" xlink:label="loc_I9G01G3G9932937HF776_trmd_NumberOfVesselsDeliveredToNewOwner"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfVesselsDeliveredToNewOwner" xml:lang="en-US">Number Of Vessels Delivered To New Owner</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfVesselsDeliveredToNewOwner" xml:lang="en-US">Number of vessels delivered to new owner</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfVesselsDeliveredToNewOwner" xml:lang="en-US">The number of vessels delivered to new owner.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NumberOfVesselsDeliveredToNewOwner" xlink:to="lab_K1I23I5I1154159JH998_trmd_NumberOfVesselsDeliveredToNewOwner"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfVesselsExpectedToBeDelivered" xlink:label="loc_2I0HHGGF8208_trmd_NumberOfVesselsExpectedToBeDelivered"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfVesselsExpectedToBeDelivered" xml:lang="en-US">Number Of Vessels Expected To Be Delivered</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfVesselsExpectedToBeDelivered" xml:lang="en-US">Number of vessels expected to be delivered in Q1</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_NumberOfVesselsExpectedToBeDelivered" xml:lang="en-US">The number of vessels expected to be delivered.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_NumberOfVesselsExpectedToBeDelivered" xlink:to="lab_4K2JJIIH0420_trmd_NumberOfVesselsExpectedToBeDelivered"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfRemainingVesselsSold" xlink:label="loc_I9G01G3G9932937HF776_trmd_NumberOfRemainingVesselsSold"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfRemainingVesselsSold" xml:lang="en-US">Number Of Remaining Vessels Sold</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfRemainingVesselsSold" xml:lang="en-US">Number of remaining vessels sold</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfRemainingVesselsSold" xml:lang="en-US">The number of remaining vessels sold.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NumberOfRemainingVesselsSold" xlink:to="lab_K1I23I5I1154159JH998_trmd_NumberOfRemainingVesselsSold"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ProfitLossFromSaleOfVessels" xlink:label="loc_2I0HHGGF8208_trmd_ProfitLossFromSaleOfVessels"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_ProfitLossFromSaleOfVessels" xml:lang="en-US">Profit (Loss) From Sale Of Vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_ProfitLossFromSaleOfVessels" xml:lang="en-US">Profit from sale of vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_ProfitLossFromSaleOfVessels" xml:lang="en-US">Represents the amount of profit (loss) from the sale of vessels.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_ProfitLossFromSaleOfVessels" xlink:to="lab_4K2JJIIH0420_trmd_ProfitLossFromSaleOfVessels"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ImpairmentLossRecognisedInProfitOrLossTangibleAndIntangibleAssets" xlink:label="loc_I9G01G3G9932937HF776_trmd_ImpairmentLossRecognisedInProfitOrLossTangibleAndIntangibleAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ImpairmentLossRecognisedInProfitOrLossTangibleAndIntangibleAssets" xml:lang="en-US">Impairment Loss Recognised In Profit Or Loss, Tangible And Intangible Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ImpairmentLossRecognisedInProfitOrLossTangibleAndIntangibleAssets" xml:lang="en-US">Impairment on sold or held-for-sale vessels</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_ImpairmentLossRecognisedInProfitOrLossTangibleAndIntangibleAssets" xml:lang="en-US">Represents the amount of impairment loss recognised in profit or loss for tangible and intangible assets.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ImpairmentLossRecognisedInProfitOrLossTangibleAndIntangibleAssets" xlink:to="lab_K1I23I5I1154159JH998_trmd_ImpairmentLossRecognisedInProfitOrLossTangibleAndIntangibleAssets"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AmountInConnectionWithWindDownOfBulkActivities" xlink:label="loc_2I0HHGGF8208_trmd_AmountInConnectionWithWindDownOfBulkActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AmountInConnectionWithWindDownOfBulkActivities" xml:lang="en-US">Amount In Connection With Wind Down Of Bulk Activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_AmountInConnectionWithWindDownOfBulkActivities" xml:lang="en-US">Amount in connection with wind-down of bulk activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_AmountInConnectionWithWindDownOfBulkActivities" xml:lang="en-US">Represents the amount in connection with wind down of bulk activities.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AmountInConnectionWithWindDownOfBulkActivities" xlink:to="lab_4K2JJIIH0420_trmd_AmountInConnectionWithWindDownOfBulkActivities"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_ReversalOfOtherNonCashMovementsAbstract" xlink:label="loc_I9G01G3G9932937HF776_trmd_ReversalOfOtherNonCashMovementsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_ReversalOfOtherNonCashMovementsAbstract" xml:lang="en-US">Reversal Of Other Non Cash Movements [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_ReversalOfOtherNonCashMovementsAbstract" xml:lang="en-US">Reversal of other non-cash movements:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_ReversalOfOtherNonCashMovementsAbstract" xlink:to="lab_K1I23I5I1154159JH998_trmd_ReversalOfOtherNonCashMovementsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForAmortisationExpense" xlink:label="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForAmortisationExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForAmortisationExpense" xml:lang="en-US">Adjustments for amortisation expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForAmortisationExpense" xml:lang="en-US">Amortization of acquired assets and liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForAmortisationExpense" xlink:to="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForAmortisationExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xml:lang="en-US">Adjustments for unrealised foreign exchange losses (gains)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xml:lang="en-US">Exchange rate adjustments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForSharebasedPayments" xlink:label="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForSharebasedPayments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForSharebasedPayments" xml:lang="en-US">Adjustments for share-based payments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForSharebasedPayments" xml:lang="en-US">Share-based payments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForSharebasedPayments" xlink:to="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForSharebasedPayments"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AdjustmentsForEquityTransactionsExpensedRelatedToCorporateReorganization" xlink:label="loc_I9G01G3G9932937HF776_trmd_AdjustmentsForEquityTransactionsExpensedRelatedToCorporateReorganization"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForEquityTransactionsExpensedRelatedToCorporateReorganization" xml:lang="en-US">Adjustments For Equity Transactions Expensed Related To Corporate Reorganization</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForEquityTransactionsExpensedRelatedToCorporateReorganization" xml:lang="en-US">Equity transactions expensed in relation to the Corporate Reorganization</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForEquityTransactionsExpensedRelatedToCorporateReorganization" xml:lang="en-US">Represents adjustments for equity transactions expensed related to corporate reorganization to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_AdjustmentsForEquityTransactionsExpensedRelatedToCorporateReorganization" xlink:to="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForEquityTransactionsExpensedRelatedToCorporateReorganization"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AdjustmentsForOtherNoncashItems" xlink:label="loc_2I0HHGGF8208_trmd_AdjustmentsForOtherNoncashItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AdjustmentsForOtherNoncashItems" xml:lang="en-US">Adjustments For Other Noncash Items</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_AdjustmentsForOtherNoncashItems" xml:lang="en-US">Other adjustments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_AdjustmentsForOtherNoncashItems" xml:lang="en-US">Represents the amount of adjustments for non-cash items.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AdjustmentsForOtherNoncashItems" xlink:to="lab_4K2JJIIH0420_trmd_AdjustmentsForOtherNoncashItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherAdjustmentsForNoncashItems" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_OtherAdjustmentsForNoncashItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherAdjustmentsForNoncashItems" xml:lang="en-US">Other adjustments for non-cash items</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_OtherAdjustmentsForNoncashItems" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_OtherAdjustmentsForNoncashItems" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_OtherAdjustmentsForNoncashItems"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AdjustmentsForDecreaseIncreaseInTradeAccountsReceivablesAndPayablesForBunkersAbstract" xlink:label="loc_2I0HHGGF8208_trmd_AdjustmentsForDecreaseIncreaseInTradeAccountsReceivablesAndPayablesForBunkersAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_AdjustmentsForDecreaseIncreaseInTradeAccountsReceivablesAndPayablesForBunkersAbstract" xml:lang="en-US">Adjustments For Decrease (Increase) In Trade Accounts Receivables And Payables For Bunkers [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_AdjustmentsForDecreaseIncreaseInTradeAccountsReceivablesAndPayablesForBunkersAbstract" xlink:to="lab_4K2JJIIH0420_trmd_AdjustmentsForDecreaseIncreaseInTradeAccountsReceivablesAndPayablesForBunkersAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AdjustmentsForIncreaseDecreaseInBunkers" xlink:label="loc_I9G01G3G9932937HF776_trmd_AdjustmentsForIncreaseDecreaseInBunkers"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForIncreaseDecreaseInBunkers" xml:lang="en-US">Adjustments For Increase Decrease In Bunkers</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForIncreaseDecreaseInBunkers" xml:lang="en-US">Change in bunkers</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForIncreaseDecreaseInBunkers" xml:lang="en-US">Represents adjustments for increase (decrease) in bunkers to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_AdjustmentsForIncreaseDecreaseInBunkers" xlink:to="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForIncreaseDecreaseInBunkers"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:label="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xml:lang="en-US">Adjustments for decrease (increase) in trade and other receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xml:lang="en-US">Change in receivables</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:to="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AdjustmentsForIncreaseDecreaseInPrepayments" xlink:label="loc_I9G01G3G9932937HF776_trmd_AdjustmentsForIncreaseDecreaseInPrepayments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForIncreaseDecreaseInPrepayments" xml:lang="en-US">Adjustments For Increase Decrease In Prepayments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForIncreaseDecreaseInPrepayments" xml:lang="en-US">Change in prepayments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForIncreaseDecreaseInPrepayments" xml:lang="en-US">Adjustments for increase (decrease) in prepayments to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_AdjustmentsForIncreaseDecreaseInPrepayments" xlink:to="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForIncreaseDecreaseInPrepayments"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" xlink:label="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" xml:lang="en-US">Adjustments for increase (decrease) in trade and other payables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" xml:lang="en-US">Change in trade payables and other liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" xlink:to="lab_4K2JJIIH0420_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments" xlink:label="loc_I9G01G3G9932937HF776_trmd_AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments" xml:lang="en-US">Adjustments For Fair Value Changes Of Derivative Financial Instruments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments" xml:lang="en-US">Adjusted for fair value changes of derivative financial instruments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments" xml:lang="en-US">Adjustments for increase (decrease) in fair value changes of derivative financial instruments to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments" xlink:to="lab_K1I23I5I1154159JH998_trmd_AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xml:lang="en-US">Disclosure of subsidiaries [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DkVesselHoldcoGpApsMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_DkVesselHoldcoGpApsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DkVesselHoldcoGpApsMember" xml:lang="en-US">Dk Vessel Holdco Gp Aps [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_DkVesselHoldcoGpApsMember" xml:lang="en-US">DK Vessel HoldCo GP ApS</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DkVesselHoldcoGpApsMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DkVesselHoldcoGpApsMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_DkVesselHoldcoGpApsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DkVesselHoldcoKSMember" xlink:label="loc_2I0HHGGF8208_trmd_DkVesselHoldcoKSMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DkVesselHoldcoKSMember" xml:lang="en-US">Dk Vessel Holdco K/S [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DkVesselHoldcoKSMember" xml:lang="en-US">DK Vessel HoldCo K/S</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DkVesselHoldcoKSMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DkVesselHoldcoKSMember" xlink:to="lab_4K2JJIIH0420_trmd_DkVesselHoldcoKSMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmGibraltarNjordMidcoLtdMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmGibraltarNjordMidcoLtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmGibraltarNjordMidcoLtdMember" xml:lang="en-US">Ocm (Gibraltar) Njord Midco Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmGibraltarNjordMidcoLtdMember" xml:lang="en-US">OCM (Gibraltar) Njord Midco Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmGibraltarNjordMidcoLtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmGibraltarNjordMidcoLtdMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmGibraltarNjordMidcoLtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordCharteringIncMember" xlink:label="loc_2I0HHGGF8208_trmd_OcmNjordCharteringIncMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordCharteringIncMember" xml:lang="en-US">Ocm Njord Chartering Inc [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordCharteringIncMember" xml:lang="en-US">OCM Njord Chartering Inc</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordCharteringIncMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmNjordCharteringIncMember" xlink:to="lab_4K2JJIIH0420_trmd_OcmNjordCharteringIncMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsAgnesPte.LtdMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsAgnesPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAgnesPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Agnes, Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAgnesPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Agnes, Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAgnesPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsAgnesPte.LtdMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAgnesPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsAlicePte.LtdMember" xlink:label="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsAlicePte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsAlicePte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Alice, Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsAlicePte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Alice, Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsAlicePte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsAlicePte.LtdMember" xlink:to="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsAlicePte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsAlmenaPte.LtdMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsAlmenaPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAlmenaPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Almena, Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAlmenaPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Almena, Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAlmenaPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsAlmenaPte.LtdMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAlmenaPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsAmaliePte.LtdMember" xlink:label="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsAmaliePte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsAmaliePte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Amalie, Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsAmaliePte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Amalie, Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsAmaliePte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsAmaliePte.LtdMember" xlink:to="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsAmaliePte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsAslaugPte.LtdMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsAslaugPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAslaugPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Aslaug, Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAslaugPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Aslaug, Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAslaugPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsAslaugPte.LtdMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAslaugPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsHardradaPte.LtdMember" xlink:label="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsHardradaPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsHardradaPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Hardrada, Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsHardradaPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Hardrada, Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsHardradaPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsHardradaPte.LtdMember" xlink:to="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsHardradaPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsSt.MichaelisPte.LtdMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsSt.MichaelisPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsSt.MichaelisPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings St.Michaelis Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsSt.MichaelisPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings St.Michaelis Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsSt.MichaelisPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsSt.MichaelisPte.LtdMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsSt.MichaelisPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsSt.GabrielPte.LtdMember" xlink:label="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsSt.GabrielPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsSt.GabrielPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings St. Gabriel Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsSt.GabrielPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings St. Gabriel Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsSt.GabrielPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsSt.GabrielPte.LtdMember" xlink:to="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsSt.GabrielPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsHaraldPte.LtdMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsHaraldPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsHaraldPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Harald Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsHaraldPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Harald Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsHaraldPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsHaraldPte.LtdMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsHaraldPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsGormPte.LtdMember" xlink:label="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsGormPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsGormPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Gorm Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsGormPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Gorm Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsGormPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsGormPte.LtdMember" xlink:to="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsGormPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsKnutPte.LtdMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsKnutPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsKnutPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Knut Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsKnutPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Knut Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsKnutPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsKnutPte.LtdMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsKnutPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsValdemarPte.LtdMember" xlink:label="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsValdemarPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsValdemarPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Valdemar Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsValdemarPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Valdemar Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsValdemarPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsValdemarPte.LtdMember" xlink:to="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsValdemarPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsAgnetePte.LtdMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsAgnetePte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAgnetePte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Agnete, Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAgnetePte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Agnete, Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAgnetePte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsAgnetePte.LtdMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAgnetePte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsAlexandraPte.LtdMember" xlink:label="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsAlexandraPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsAlexandraPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Alexandra, Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsAlexandraPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Alexandra, Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsAlexandraPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsAlexandraPte.LtdMember" xlink:to="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsAlexandraPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsAnabelPte.LtdMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsAnabelPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAnabelPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Anabel, Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAnabelPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Anabel, Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAnabelPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsAnabelPte.LtdMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsAnabelPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsArawaPte.LtdMember" xlink:label="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsArawaPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsArawaPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Arawa Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsArawaPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Arawa Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsArawaPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsArawaPte.LtdMember" xlink:to="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsArawaPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsLeifPte.LtdMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsLeifPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsLeifPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Leif Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsLeifPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Leif Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsLeifPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmSingaporeNjordHoldingsLeifPte.LtdMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmSingaporeNjordHoldingsLeifPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmSingaporeNjordHoldingsRolfPte.LtdMember" xlink:label="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsRolfPte.LtdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsRolfPte.LtdMember" xml:lang="en-US">Ocm Singapore Njord Holdings Rolf Pte. Ltd [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsRolfPte.LtdMember" xml:lang="en-US">OCM Singapore Njord Holdings Rolf Pte. Ltd</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsRolfPte.LtdMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmSingaporeNjordHoldingsRolfPte.LtdMember" xlink:to="lab_4K2JJIIH0420_trmd_OcmSingaporeNjordHoldingsRolfPte.LtdMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmHoldingsMrsInc.Member" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmHoldingsMrsInc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmHoldingsMrsInc.Member" xml:lang="en-US">Ocm Holdings Mrs Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmHoldingsMrsInc.Member" xml:lang="en-US">OCM Holdings Mrs Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmHoldingsMrsInc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmHoldingsMrsInc.Member" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmHoldingsMrsInc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordAnneInc.Member" xlink:label="loc_2I0HHGGF8208_trmd_OcmNjordAnneInc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordAnneInc.Member" xml:lang="en-US">Ocm Njord Anne Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordAnneInc.Member" xml:lang="en-US">OCM Njord Anne Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordAnneInc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmNjordAnneInc.Member" xlink:to="lab_4K2JJIIH0420_trmd_OcmNjordAnneInc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordFreyaInc.Member" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmNjordFreyaInc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordFreyaInc.Member" xml:lang="en-US">Ocm Njord Freya Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordFreyaInc.Member" xml:lang="en-US">OCM Njord Freya Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordFreyaInc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmNjordFreyaInc.Member" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmNjordFreyaInc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordGerdInc.Member" xlink:label="loc_2I0HHGGF8208_trmd_OcmNjordGerdInc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordGerdInc.Member" xml:lang="en-US">Ocm Njord Gerd Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordGerdInc.Member" xml:lang="en-US">OCM Njord Gerd Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordGerdInc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmNjordGerdInc.Member" xlink:to="lab_4K2JJIIH0420_trmd_OcmNjordGerdInc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordGertrudInc.Member" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmNjordGertrudInc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordGertrudInc.Member" xml:lang="en-US">Ocm Njord Gertrud Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordGertrudInc.Member" xml:lang="en-US">OCM Njord Gertrud Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordGertrudInc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmNjordGertrudInc.Member" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmNjordGertrudInc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordGunhildInc.Member" xlink:label="loc_2I0HHGGF8208_trmd_OcmNjordGunhildInc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordGunhildInc.Member" xml:lang="en-US">Ocm Njord Gunhild Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordGunhildInc.Member" xml:lang="en-US">OCM Njord Gunhild Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordGunhildInc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmNjordGunhildInc.Member" xlink:to="lab_4K2JJIIH0420_trmd_OcmNjordGunhildInc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordHeleneInc.Member" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmNjordHeleneInc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordHeleneInc.Member" xml:lang="en-US">Ocm Njord Helene Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordHeleneInc.Member" xml:lang="en-US">OCM Njord Helene Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordHeleneInc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmNjordHeleneInc.Member" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmNjordHeleneInc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordHelvigInc.Member" xlink:label="loc_2I0HHGGF8208_trmd_OcmNjordHelvigInc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordHelvigInc.Member" xml:lang="en-US">Ocm Njord Helvig Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordHelvigInc.Member" xml:lang="en-US">OCM Njord Helvig Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordHelvigInc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmNjordHelvigInc.Member" xlink:to="lab_4K2JJIIH0420_trmd_OcmNjordHelvigInc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordIngeborgInc.Member" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmNjordIngeborgInc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordIngeborgInc.Member" xml:lang="en-US">Ocm Njord Ingeborg Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordIngeborgInc.Member" xml:lang="en-US">OCM Njord Ingeborg Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordIngeborgInc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmNjordIngeborgInc.Member" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmNjordIngeborgInc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordMaryInc.Member" xlink:label="loc_2I0HHGGF8208_trmd_OcmNjordMaryInc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordMaryInc.Member" xml:lang="en-US">Ocm Njord Mary Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordMaryInc.Member" xml:lang="en-US">OCM Njord Mary Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordMaryInc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmNjordMaryInc.Member" xlink:to="lab_4K2JJIIH0420_trmd_OcmNjordMaryInc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordRagnhildInc.Member" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmNjordRagnhildInc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordRagnhildInc.Member" xml:lang="en-US">Ocm Njord Ragnhild Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordRagnhildInc.Member" xml:lang="en-US">OCM Njord Ragnhild Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordRagnhildInc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmNjordRagnhildInc.Member" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmNjordRagnhildInc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordThyraInc.Member" xlink:label="loc_2I0HHGGF8208_trmd_OcmNjordThyraInc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordThyraInc.Member" xml:lang="en-US">Ocm Njord Thyra Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordThyraInc.Member" xml:lang="en-US">OCM Njord Thyra Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordThyraInc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmNjordThyraInc.Member" xlink:to="lab_4K2JJIIH0420_trmd_OcmNjordThyraInc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordValborgInc.Member" xlink:label="loc_I9G01G3G9932937HF776_trmd_OcmNjordValborgInc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordValborgInc.Member" xml:lang="en-US">Ocm Njord Valborg Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordValborgInc.Member" xml:lang="en-US">OCM Njord Valborg Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OcmNjordValborgInc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OcmNjordValborgInc.Member" xlink:to="lab_K1I23I5I1154159JH998_trmd_OcmNjordValborgInc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordVitaInc.Member" xlink:label="loc_2I0HHGGF8208_trmd_OcmNjordVitaInc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordVitaInc.Member" xml:lang="en-US">Ocm Njord Vita Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordVitaInc.Member" xml:lang="en-US">OCM Njord Vita Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordVitaInc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmNjordVitaInc.Member" xlink:to="lab_4K2JJIIH0420_trmd_OcmNjordVitaInc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OmiHoldingLtd.Member" xlink:label="loc_I9G01G3G9932937HF776_trmd_OmiHoldingLtd.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OmiHoldingLtd.Member" xml:lang="en-US">Omi Holding Ltd. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OmiHoldingLtd.Member" xml:lang="en-US">OMI Holding Ltd.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OmiHoldingLtd.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OmiHoldingLtd.Member" xlink:to="lab_K1I23I5I1154159JH998_trmd_OmiHoldingLtd.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TorghattenTormShipowningApsMember" xlink:label="loc_2I0HHGGF8208_trmd_TorghattenTormShipowningApsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_TorghattenTormShipowningApsMember" xml:lang="en-US">Torghatten &amp; Torm Shipowning Aps [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_TorghattenTormShipowningApsMember" xml:lang="en-US">Torghatten &amp; TORM Shipowning ApS</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_TorghattenTormShipowningApsMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_TorghattenTormShipowningApsMember" xlink:to="lab_4K2JJIIH0420_trmd_TorghattenTormShipowningApsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TormBrasilConsultoriaEmTransporteMaritimoLtda.Member" xlink:label="loc_I9G01G3G9932937HF776_trmd_TormBrasilConsultoriaEmTransporteMaritimoLtda.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_TormBrasilConsultoriaEmTransporteMaritimoLtda.Member" xml:lang="en-US">Torm Brasil Consultoria Em Transporte Maritimo Ltda. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_TormBrasilConsultoriaEmTransporteMaritimoLtda.Member" xml:lang="en-US">TORM Brasil Consultoria em Transporte Maritimo LTDA.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_TormBrasilConsultoriaEmTransporteMaritimoLtda.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_TormBrasilConsultoriaEmTransporteMaritimoLtda.Member" xlink:to="lab_K1I23I5I1154159JH998_trmd_TormBrasilConsultoriaEmTransporteMaritimoLtda.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TormCrewingServiceLtd.Member" xlink:label="loc_2I0HHGGF8208_trmd_TormCrewingServiceLtd.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_TormCrewingServiceLtd.Member" xml:lang="en-US">Torm Crewing Service Ltd. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_TormCrewingServiceLtd.Member" xml:lang="en-US">TORM Crewing Service Ltd.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_TormCrewingServiceLtd.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_TormCrewingServiceLtd.Member" xlink:to="lab_4K2JJIIH0420_trmd_TormCrewingServiceLtd.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TormShippingIndiaPrivateLimitedMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_TormShippingIndiaPrivateLimitedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_TormShippingIndiaPrivateLimitedMember" xml:lang="en-US">Torm Shipping India Private Limited [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_TormShippingIndiaPrivateLimitedMember" xml:lang="en-US">TORM Shipping India Private Limited</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_TormShippingIndiaPrivateLimitedMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_TormShippingIndiaPrivateLimitedMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_TormShippingIndiaPrivateLimitedMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TormSingaporePte.Ltd.Member" xlink:label="loc_2I0HHGGF8208_trmd_TormSingaporePte.Ltd.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_TormSingaporePte.Ltd.Member" xml:lang="en-US">Torm Singapore Pte. Ltd. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_TormSingaporePte.Ltd.Member" xml:lang="en-US">TORM Singapore Pte. Ltd.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_TormSingaporePte.Ltd.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_TormSingaporePte.Ltd.Member" xlink:to="lab_4K2JJIIH0420_trmd_TormSingaporePte.Ltd.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TormUsaLlcMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_TormUsaLlcMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_TormUsaLlcMember" xml:lang="en-US">Torm Usa Llc [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_TormUsaLlcMember" xml:lang="en-US">TORM USA LLC</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_TormUsaLlcMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_TormUsaLlcMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_TormUsaLlcMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TtShipowningKSMember" xlink:label="loc_2I0HHGGF8208_trmd_TtShipowningKSMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_TtShipowningKSMember" xml:lang="en-US">Tt Shipowning K/S [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_TtShipowningKSMember" xml:lang="en-US">TT Shipowning K/S</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_TtShipowningKSMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_TtShipowningKSMember" xlink:to="lab_4K2JJIIH0420_trmd_TtShipowningKSMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_Vesselco1KSMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_Vesselco1KSMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco1KSMember" xml:lang="en-US">Vesselco 1 K/S [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco1KSMember" xml:lang="en-US">VesselCo 1 K/S</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco1KSMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_Vesselco1KSMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_Vesselco1KSMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_Vesselco2Pte.Ltd.Member" xlink:label="loc_2I0HHGGF8208_trmd_Vesselco2Pte.Ltd.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco2Pte.Ltd.Member" xml:lang="en-US">Vesselco 2 Pte. Ltd. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco2Pte.Ltd.Member" xml:lang="en-US">VesselCo 2 Pte. Ltd.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco2Pte.Ltd.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_Vesselco2Pte.Ltd.Member" xlink:to="lab_4K2JJIIH0420_trmd_Vesselco2Pte.Ltd.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_Vesselco3KSMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_Vesselco3KSMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco3KSMember" xml:lang="en-US">Vesselco 3 K/S [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco3KSMember" xml:lang="en-US">VesselCo 3 K/S</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco3KSMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_Vesselco3KSMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_Vesselco3KSMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_Vesselco4Pte.Ltd.Member" xlink:label="loc_2I0HHGGF8208_trmd_Vesselco4Pte.Ltd.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco4Pte.Ltd.Member" xml:lang="en-US">Vesselco 4 Pte. Ltd. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco4Pte.Ltd.Member" xml:lang="en-US">VesselCo 4 Pte. Ltd.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco4Pte.Ltd.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_Vesselco4Pte.Ltd.Member" xlink:to="lab_4K2JJIIH0420_trmd_Vesselco4Pte.Ltd.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_Vesselco5KSMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_Vesselco5KSMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco5KSMember" xml:lang="en-US">Vesselco 5 K/S [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco5KSMember" xml:lang="en-US">VesselCo 5 K/S</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco5KSMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_Vesselco5KSMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_Vesselco5KSMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_Vesselco6Pte.Ltd.Member" xlink:label="loc_2I0HHGGF8208_trmd_Vesselco6Pte.Ltd.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco6Pte.Ltd.Member" xml:lang="en-US">Vesselco 6 Pte. Ltd. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco6Pte.Ltd.Member" xml:lang="en-US">VesselCo 6 Pte. Ltd.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco6Pte.Ltd.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_Vesselco6Pte.Ltd.Member" xlink:to="lab_4K2JJIIH0420_trmd_Vesselco6Pte.Ltd.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_Vesselco7Pte.Ltd.Member" xlink:label="loc_I9G01G3G9932937HF776_trmd_Vesselco7Pte.Ltd.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco7Pte.Ltd.Member" xml:lang="en-US">Vesselco 7 Pte. Ltd. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco7Pte.Ltd.Member" xml:lang="en-US">VesselCo 7 Pte. Ltd.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco7Pte.Ltd.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_Vesselco7Pte.Ltd.Member" xlink:to="lab_K1I23I5I1154159JH998_trmd_Vesselco7Pte.Ltd.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_Vesselco8Pte.Ltd.Member" xlink:label="loc_2I0HHGGF8208_trmd_Vesselco8Pte.Ltd.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco8Pte.Ltd.Member" xml:lang="en-US">Vesselco 8 Pte. Ltd. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco8Pte.Ltd.Member" xml:lang="en-US">VesselCo 8 Pte. Ltd.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco8Pte.Ltd.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_Vesselco8Pte.Ltd.Member" xlink:to="lab_4K2JJIIH0420_trmd_Vesselco8Pte.Ltd.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_Vesselco9Pte.Ltd.Member" xlink:label="loc_I9G01G3G9932937HF776_trmd_Vesselco9Pte.Ltd.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco9Pte.Ltd.Member" xml:lang="en-US">Vesselco 9 Pte. Ltd. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco9Pte.Ltd.Member" xml:lang="en-US">VesselCo 9 Pte. Ltd.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco9Pte.Ltd.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_Vesselco9Pte.Ltd.Member" xlink:to="lab_K1I23I5I1154159JH998_trmd_Vesselco9Pte.Ltd.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_Vesselco10Pte.Ltd.Member" xlink:label="loc_2I0HHGGF8208_trmd_Vesselco10Pte.Ltd.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco10Pte.Ltd.Member" xml:lang="en-US">Vesselco 10 Pte. Ltd. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco10Pte.Ltd.Member" xml:lang="en-US">VesselCo 10 Pte. Ltd.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco10Pte.Ltd.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_Vesselco10Pte.Ltd.Member" xlink:to="lab_4K2JJIIH0420_trmd_Vesselco10Pte.Ltd.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_Vesselco11Pte.Ltd.Member" xlink:label="loc_I9G01G3G9932937HF776_trmd_Vesselco11Pte.Ltd.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco11Pte.Ltd.Member" xml:lang="en-US">Vesselco 11 Pte. Ltd. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco11Pte.Ltd.Member" xml:lang="en-US">VesselCo 11 Pte. Ltd.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_Vesselco11Pte.Ltd.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_Vesselco11Pte.Ltd.Member" xlink:to="lab_K1I23I5I1154159JH998_trmd_Vesselco11Pte.Ltd.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_Vesselco12Pte.Ltd.Member" xlink:label="loc_2I0HHGGF8208_trmd_Vesselco12Pte.Ltd.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco12Pte.Ltd.Member" xml:lang="en-US">Vesselco 12 Pte. Ltd. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco12Pte.Ltd.Member" xml:lang="en-US">VesselCo 12 Pte. Ltd.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_Vesselco12Pte.Ltd.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_Vesselco12Pte.Ltd.Member" xlink:to="lab_4K2JJIIH0420_trmd_Vesselco12Pte.Ltd.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TormShippingPhils.Inc.Member" xlink:label="loc_I9G01G3G9932937HF776_trmd_TormShippingPhils.Inc.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_TormShippingPhils.Inc.Member" xml:lang="en-US">Torm Shipping (Phils.), Inc. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_TormShippingPhils.Inc.Member" xml:lang="en-US">TORM Shipping (Phils.), Inc.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_TormShippingPhils.Inc.Member" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_TormShippingPhils.Inc.Member" xlink:to="lab_K1I23I5I1154159JH998_trmd_TormShippingPhils.Inc.Member"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_VesselcoAApsMember" xlink:label="loc_2I0HHGGF8208_trmd_VesselcoAApsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_VesselcoAApsMember" xml:lang="en-US">Vesselco A Aps [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_VesselcoAApsMember" xml:lang="en-US">VesselCo A ApS</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_VesselcoAApsMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_VesselcoAApsMember" xlink:to="lab_4K2JJIIH0420_trmd_VesselcoAApsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_VesselcoCApsMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_VesselcoCApsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselcoCApsMember" xml:lang="en-US">Vesselco C Aps [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselcoCApsMember" xml:lang="en-US">VesselCo C ApS</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_VesselcoCApsMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_VesselcoCApsMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_VesselcoCApsMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_VesselcoEApsMember" xlink:label="loc_2I0HHGGF8208_trmd_VesselcoEApsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_VesselcoEApsMember" xml:lang="en-US">Vesselco E Aps [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_VesselcoEApsMember" xml:lang="en-US">VesselCo E ApS</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_VesselcoEApsMember" xml:lang="en-US">This member stands for entities that are controlled by another entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_VesselcoEApsMember" xlink:to="lab_4K2JJIIH0420_trmd_VesselcoEApsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xml:lang="en-US">Disclosure of subsidiaries [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NameOfParentEntity" xlink:label="loc_2I0HHGGF8208_ifrs-full_NameOfParentEntity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NameOfParentEntity" xml:lang="en-US">Name of parent entity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NameOfParentEntity" xlink:to="lab_4K2JJIIH0420_ifrs-full_NameOfParentEntity"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CountryOfIncorporation" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CountryOfIncorporation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CountryOfIncorporation" xml:lang="en-US">Country of incorporation</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CountryOfIncorporation" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CountryOfIncorporation"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NameOfSubsidiary" xlink:label="loc_2I0HHGGF8208_ifrs-full_NameOfSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_NameOfSubsidiary" xml:lang="en-US">Name of subsidiary</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_NameOfSubsidiary" xlink:to="lab_4K2JJIIH0420_ifrs-full_NameOfSubsidiary"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary" xml:lang="en-US">Country of incorporation of subsidiary</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:label="loc_2I0HHGGF8208_ifrs-full_ProportionOfOwnershipInterestInSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xml:lang="en-US">Proportion of ownership interest in subsidiary</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:to="lab_4K2JJIIH0420_ifrs-full_ProportionOfOwnershipInterestInSubsidiary"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfEntitiesTable" xlink:label="loc_I9G01G3G9932937HF776_trmd_DisclosureOfEntitiesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfEntitiesTable" xml:lang="en-US">Disclosure Of Entities [Table]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_DisclosureOfEntitiesTable" xml:lang="en-US">Schedule disclosing information related to entities.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DisclosureOfEntitiesTable" xlink:to="lab_K1I23I5I1154159JH998_trmd_DisclosureOfEntitiesTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_JointVenturesAxis" xlink:label="loc_2I0HHGGF8208_ifrs-full_JointVenturesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_JointVenturesAxis" xml:lang="en-US">Joint ventures [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_JointVenturesAxis" xlink:to="lab_4K2JJIIH0420_ifrs-full_JointVenturesAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForJointVenturesMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_EntitysTotalForJointVenturesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_EntitysTotalForJointVenturesMember" xml:lang="en-US">Entity's total for joint ventures [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_EntitysTotalForJointVenturesMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_EntitysTotalForJointVenturesMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_LongRange2ASMember" xlink:label="loc_2I0HHGGF8208_trmd_LongRange2ASMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_LongRange2ASMember" xml:lang="en-US">Long Range 2 A/S [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_LongRange2ASMember" xml:lang="en-US">Long Range 2 A/S</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_LongRange2ASMember" xml:lang="en-US">This member stands for joint arrangements whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_LongRange2ASMember" xlink:to="lab_4K2JJIIH0420_trmd_LongRange2ASMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_Lr2ManagementKSMember" xlink:label="loc_I9G01G3G9932937HF776_trmd_Lr2ManagementKSMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_Lr2ManagementKSMember" xml:lang="en-US">Lr2 Management K/S [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_Lr2ManagementKSMember" xml:lang="en-US">LR2 Management K/S</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_Lr2ManagementKSMember" xml:lang="en-US">This member stands for joint arrangements whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_Lr2ManagementKSMember" xlink:to="lab_K1I23I5I1154159JH998_trmd_Lr2ManagementKSMember"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DisclosureOfEntitiesLineItems" xlink:label="loc_2I0HHGGF8208_trmd_DisclosureOfEntitiesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfEntitiesLineItems" xml:lang="en-US">Disclosure Of Entities [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DisclosureOfEntitiesLineItems" xml:lang="en-US">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DisclosureOfEntitiesLineItems" xlink:to="lab_4K2JJIIH0420_trmd_DisclosureOfEntitiesLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CountryOfIncorporationOfJointVenture" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CountryOfIncorporationOfJointVenture"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CountryOfIncorporationOfJointVenture" xml:lang="en-US">Country of incorporation of joint venture</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CountryOfIncorporationOfJointVenture" xml:lang="en-US">Country</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CountryOfIncorporationOfJointVenture" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CountryOfIncorporationOfJointVenture"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProportionOfOwnershipInterestInJointVenture" xlink:label="loc_2I0HHGGF8208_ifrs-full_ProportionOfOwnershipInterestInJointVenture"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ProportionOfOwnershipInterestInJointVenture" xml:lang="en-US">Proportion of ownership interest in joint venture</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ProportionOfOwnershipInterestInJointVenture" xml:lang="en-US">% Control</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ProportionOfOwnershipInterestInJointVenture" xlink:to="lab_4K2JJIIH0420_ifrs-full_ProportionOfOwnershipInterestInJointVenture"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xml:lang="en-US">Proportion of voting rights held in subsidiary</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xml:lang="en-US">Percentage of voting rights held in subsidiaries</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_WeightedAverageNumberOfSharesIssued" xlink:label="loc_2I0HHGGF8208_trmd_WeightedAverageNumberOfSharesIssued"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_WeightedAverageNumberOfSharesIssued" xml:lang="en-US">Weighted Average Number Of Shares Issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_WeightedAverageNumberOfSharesIssued" xml:lang="en-US">Average number of shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_WeightedAverageNumberOfSharesIssued" xml:lang="en-US">Represents the weighted average total number of shares issued throughout the period including the first (beginning balance outstanding) and last (ending balance outstanding) day of the period before considering any reductions (for instance, shares held in treasury) to arrive at the weighted average number of shares outstanding.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_WeightedAverageNumberOfSharesIssued" xlink:to="lab_4K2JJIIH0420_trmd_WeightedAverageNumberOfSharesIssued"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_WeightedAverageNumberOfSharesTreasuryShares" xlink:label="loc_I9G01G3G9932937HF776_trmd_WeightedAverageNumberOfSharesTreasuryShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_WeightedAverageNumberOfSharesTreasuryShares" xml:lang="en-US">Weighted Average Number Of Shares Treasury Shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_WeightedAverageNumberOfSharesTreasuryShares" xml:lang="en-US">Average number of treasury shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_WeightedAverageNumberOfSharesTreasuryShares" xml:lang="en-US">Number of shares of treasury shares determined by relating the portion of time within a reporting period that treasury shares have been outstanding to the total time in that period. Treasury stock is stock that the Entity has issued but subsequently reacquired.</label>
<label xlink:type="resource" xlink:label="lab_K1I23I5I1154159JH998_trmd_WeightedAverageNumberOfSharesTreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US">Average number of treasury shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_WeightedAverageNumberOfSharesTreasuryShares" xlink:to="lab_K1I23I5I1154159JH998_trmd_WeightedAverageNumberOfSharesTreasuryShares"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WeightedAverageShares" xlink:label="loc_2I0HHGGF8208_ifrs-full_WeightedAverageShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_WeightedAverageShares" xml:lang="en-US">Weighted average number of ordinary shares outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_WeightedAverageShares" xml:lang="en-US">Average number of shares outstanding</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_WeightedAverageShares" xlink:to="lab_4K2JJIIH0420_ifrs-full_WeightedAverageShares"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xml:lang="en-US">Dilutive effect of share options on number of ordinary shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xml:lang="en-US">Dilutive effect of outstanding share options</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustedWeightedAverageShares" xlink:label="loc_2I0HHGGF8208_ifrs-full_AdjustedWeightedAverageShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustedWeightedAverageShares" xml:lang="en-US">Adjusted weighted average number of ordinary shares outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AdjustedWeightedAverageShares" xml:lang="en-US">Average number of shares outstanding incl. dilutive effect of share options</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AdjustedWeightedAverageShares" xlink:to="lab_4K2JJIIH0420_ifrs-full_AdjustedWeightedAverageShares"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DividendPerShareAbstract" xlink:label="loc_I9G01G3G9932937HF776_trmd_DividendPerShareAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_DividendPerShareAbstract" xml:lang="en-US">Dividend Per Share [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_DividendPerShareAbstract" xml:lang="en-US">DIVIDEND PER SHARE</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_DividendPerShareAbstract" xlink:to="lab_K1I23I5I1154159JH998_trmd_DividendPerShareAbstract"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DividendPaidOnShares" xlink:label="loc_2I0HHGGF8208_trmd_DividendPaidOnShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DividendPaidOnShares" xml:lang="en-US">Dividend Paid On Shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DividendPaidOnShares" xml:lang="en-US">Dividend for the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DividendPaidOnShares" xml:lang="en-US">Represents the amount related to dividend paid on shares during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DividendPaidOnShares" xlink:to="lab_4K2JJIIH0420_trmd_DividendPaidOnShares"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_NumberOfSharesOnWhichDividendPaid" xlink:label="loc_I9G01G3G9932937HF776_trmd_NumberOfSharesOnWhichDividendPaid"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfSharesOnWhichDividendPaid" xml:lang="en-US">Number Of Shares On Which Dividend Paid</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfSharesOnWhichDividendPaid" xml:lang="en-US">Number of shares, end of period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_NumberOfSharesOnWhichDividendPaid" xml:lang="en-US">Represents the number of shares on which dividend paid.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_NumberOfSharesOnWhichDividendPaid" xlink:to="lab_K1I23I5I1154159JH998_trmd_NumberOfSharesOnWhichDividendPaid"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_DividendPerShare" xlink:label="loc_2I0HHGGF8208_trmd_DividendPerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_DividendPerShare" xml:lang="en-US">Dividend Per Share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_4K2JJIIH0420_trmd_DividendPerShare" xml:lang="en-US">Dividend per share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_DividendPerShare" xml:lang="en-US">Represents the per share amount of dividend.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_DividendPerShare" xlink:to="lab_4K2JJIIH0420_trmd_DividendPerShare"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xml:lang="en-US">Property, plant and equipment recognised as of acquisition date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xml:lang="en-US">Tangible fixed assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_InvestmentInJointVenturesRecognisedAsOfAcquisitionDate" xlink:label="loc_2I0HHGGF8208_trmd_InvestmentInJointVenturesRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_InvestmentInJointVenturesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Investment In Joint Ventures Recognised As Of Acquisition Date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_InvestmentInJointVenturesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Investment in joint ventures</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_InvestmentInJointVenturesRecognisedAsOfAcquisitionDate" xml:lang="en-US">The amount recognised as of the acquisition date for investment in joint ventures in a business combination.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_InvestmentInJointVenturesRecognisedAsOfAcquisitionDate" xlink:to="lab_4K2JJIIH0420_trmd_InvestmentInJointVenturesRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_BunkersRecognisedAsOfAcquisitionDate" xlink:label="loc_I9G01G3G9932937HF776_trmd_BunkersRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_BunkersRecognisedAsOfAcquisitionDate" xml:lang="en-US">Bunkers Recognised As Of Acquisition Date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_BunkersRecognisedAsOfAcquisitionDate" xml:lang="en-US">Bunkers</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_BunkersRecognisedAsOfAcquisitionDate" xml:lang="en-US">The amount recognised as of the acquisition date for bunkers in a business combination.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_BunkersRecognisedAsOfAcquisitionDate" xlink:to="lab_K1I23I5I1154159JH998_trmd_BunkersRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_FreightReceivablesRecognisedAsOfAcquisitionDate" xlink:label="loc_2I0HHGGF8208_trmd_FreightReceivablesRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_FreightReceivablesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Freight Receivables Recognised As Of Acquisition Date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_FreightReceivablesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Freight receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_FreightReceivablesRecognisedAsOfAcquisitionDate" xml:lang="en-US">The amount recognised as of the acquisition date for freight receivables in a business combination.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_FreightReceivablesRecognisedAsOfAcquisitionDate" xlink:to="lab_4K2JJIIH0420_trmd_FreightReceivablesRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OtherReceivablesRecognisedAsOfAcquisitionDate" xlink:label="loc_I9G01G3G9932937HF776_trmd_OtherReceivablesRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OtherReceivablesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Other Receivables Recognised As Of Acquisition Date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OtherReceivablesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Other receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OtherReceivablesRecognisedAsOfAcquisitionDate" xml:lang="en-US">The amount recognised as of the acquisition date for other receivables in a business combination.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OtherReceivablesRecognisedAsOfAcquisitionDate" xlink:to="lab_K1I23I5I1154159JH998_trmd_OtherReceivablesRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_PrepaymentsRecognisedAsOfAcquisitionDate" xlink:label="loc_2I0HHGGF8208_trmd_PrepaymentsRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_PrepaymentsRecognisedAsOfAcquisitionDate" xml:lang="en-US">Prepayments Recognised As Of Acquisition Date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_PrepaymentsRecognisedAsOfAcquisitionDate" xml:lang="en-US">Prepayments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_PrepaymentsRecognisedAsOfAcquisitionDate" xml:lang="en-US">The amount recognised as of the acquisition date for prepayments in a business combination.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_PrepaymentsRecognisedAsOfAcquisitionDate" xlink:to="lab_4K2JJIIH0420_trmd_PrepaymentsRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xml:lang="en-US">Cash and cash equivalents recognised as of acquisition date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xml:lang="en-US">Cash and cash equivalents</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:label="loc_2I0HHGGF8208_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Deferred tax liabilities recognised as of acquisition date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Deferred tax liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="lab_4K2JJIIH0420_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate" xlink:label="loc_I9G01G3G9932937HF776_trmd_MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate" xml:lang="en-US">Mortgage Debt And Bank Loans Recognised As Of Acquisition Date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate" xml:lang="en-US">Mortgage debt and bank loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate" xml:lang="en-US">The amount recognised as of the acquisition date for mortgage debt and bank loans in a business combination.</label>
<label xlink:type="resource" xlink:label="lab_K1I23I5I1154159JH998_trmd_MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US">Mortgage debt and bank loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate" xlink:to="lab_K1I23I5I1154159JH998_trmd_MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ContingentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:label="loc_2I0HHGGF8208_ifrs-full_ContingentLiabilitiesRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_ContingentLiabilitiesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Contingent liabilities recognised as of acquisition date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_ContingentLiabilitiesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Finance lease liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_ContingentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="lab_4K2JJIIH0420_ifrs-full_ContingentLiabilitiesRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Trade and other payables recognised as of acquisition date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Trade payables</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:label="loc_2I0HHGGF8208_ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Current liabilities recognised as of acquisition date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Current tax liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="lab_4K2JJIIH0420_ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OtherLiabilitiesRecognisedAsOfAcquisitionDate" xlink:label="loc_I9G01G3G9932937HF776_trmd_OtherLiabilitiesRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_OtherLiabilitiesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Other Liabilities Recognised As Of Acquisition Date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_OtherLiabilitiesRecognisedAsOfAcquisitionDate" xml:lang="en-US">Other liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_OtherLiabilitiesRecognisedAsOfAcquisitionDate" xml:lang="en-US">The amount recognised as of the acquisition date for other liabilities assumed in a business combination.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_OtherLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="lab_K1I23I5I1154159JH998_trmd_OtherLiabilitiesRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_TimeCharterContractsRecognisedAsOfAcquisitionDate" xlink:label="loc_2I0HHGGF8208_trmd_TimeCharterContractsRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_TimeCharterContractsRecognisedAsOfAcquisitionDate" xml:lang="en-US">Time Charter Contracts Recognised As Of Acquisition Date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_TimeCharterContractsRecognisedAsOfAcquisitionDate" xml:lang="en-US">Time charter contracts</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_TimeCharterContractsRecognisedAsOfAcquisitionDate" xml:lang="en-US">The amount recognised as of the acquisition date for time charter contracts assumed in a business combination.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_TimeCharterContractsRecognisedAsOfAcquisitionDate" xlink:to="lab_4K2JJIIH0420_trmd_TimeCharterContractsRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredIncomeRecognisedAsOfAcquisitionDate" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DeferredIncomeRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DeferredIncomeRecognisedAsOfAcquisitionDate" xml:lang="en-US">Deferred income recognised as of acquisition date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DeferredIncomeRecognisedAsOfAcquisitionDate" xml:lang="en-US">Deferred income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DeferredIncomeRecognisedAsOfAcquisitionDate" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DeferredIncomeRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate" xlink:label="loc_2I0HHGGF8208_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate" xml:lang="en-US">Financial assets recognised as of acquisition date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate" xml:lang="en-US">Net assets acquired</label>
<label xlink:type="resource" xlink:label="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US">Net assets acquired</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate" xlink:to="lab_4K2JJIIH0420_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xml:lang="en-US">Identifiable assets acquired (liabilities assumed)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xml:lang="en-US">Consideration (purchase price)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xml:lang="en-US">Consideration (purchase price)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityInterestsOfAcquirer" xlink:label="loc_2I0HHGGF8208_ifrs-full_EquityInterestsOfAcquirer"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_EquityInterestsOfAcquirer" xml:lang="en-US">Equity interests of acquirer</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_EquityInterestsOfAcquirer" xml:lang="en-US">Shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_EquityInterestsOfAcquirer" xlink:to="lab_4K2JJIIH0420_ifrs-full_EquityInterestsOfAcquirer"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_WarrantsOfAcquirer" xlink:label="loc_I9G01G3G9932937HF776_trmd_WarrantsOfAcquirer"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_trmd_WarrantsOfAcquirer" xml:lang="en-US">Warrants Of Acquirer</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_trmd_WarrantsOfAcquirer" xml:lang="en-US">Warrants</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_K1I23I5I1154159JH998_trmd_WarrantsOfAcquirer" xml:lang="en-US">The fair value, at the acquisition date, of warrants of the acquirer transferred as consideration in a business combination.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_trmd_WarrantsOfAcquirer" xlink:to="lab_K1I23I5I1154159JH998_trmd_WarrantsOfAcquirer"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:label="loc_2I0HHGGF8208_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xml:lang="en-US">Consideration transferred, acquisition-date fair value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xml:lang="en-US">Total consideration transferred</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="lab_4K2JJIIH0420_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationTable" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationTable" xml:lang="en-US">Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationTable" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationTable"/>
<loc xlink:type="locator" xlink:href="trmd-20171231.xsd#trmd_OcmNjordHoldingsS..R.L.Member" xlink:label="loc_2I0HHGGF8208_trmd_OcmNjordHoldingsS..R.L.Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordHoldingsS..R.L.Member" xml:lang="en-US">Ocm Njord Holdings S.a.R.L. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordHoldingsS..R.L.Member" xml:lang="en-US">OCM Njord Holdings S.a.R.L.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_4K2JJIIH0420_trmd_OcmNjordHoldingsS..R.L.Member" xml:lang="en-US">This member stands for related parties.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_trmd_OcmNjordHoldingsS..R.L.Member" xlink:to="lab_4K2JJIIH0420_trmd_OcmNjordHoldingsS..R.L.Member"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BusinessCombinationsMember" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_BusinessCombinationsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_BusinessCombinationsMember" xml:lang="en-US">Business combinations [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_BusinessCombinationsMember" xml:lang="en-US">Business combinations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_BusinessCombinationsMember" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_BusinessCombinationsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationLineItems" xlink:label="loc_2I0HHGGF8208_ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationLineItems" xml:lang="en-US">Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationLineItems" xlink:to="lab_4K2JJIIH0420_ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FairValueOfAcquiredReceivables" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_FairValueOfAcquiredReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FairValueOfAcquiredReceivables" xml:lang="en-US">Fair value of acquired receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_FairValueOfAcquiredReceivables" xml:lang="en-US">Freight and other receivables acquired</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_FairValueOfAcquiredReceivables" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_FairValueOfAcquiredReceivables"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GrossContractualAmountsReceivableForAcquiredReceivables" xlink:label="loc_2I0HHGGF8208_ifrs-full_GrossContractualAmountsReceivableForAcquiredReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_GrossContractualAmountsReceivableForAcquiredReceivables" xml:lang="en-US">Gross contractual amounts receivable for acquired receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_GrossContractualAmountsReceivableForAcquiredReceivables" xml:lang="en-US">Gross contractual amount</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_GrossContractualAmountsReceivableForAcquiredReceivables" xlink:to="lab_4K2JJIIH0420_ifrs-full_GrossContractualAmountsReceivableForAcquiredReceivables"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BestEstimateAtAcquisitionDateOfContractualCashFlowsNotExpectedToBeCollectedForAcquiredReceivables" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_BestEstimateAtAcquisitionDateOfContractualCashFlowsNotExpectedToBeCollectedForAcquiredReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_BestEstimateAtAcquisitionDateOfContractualCashFlowsNotExpectedToBeCollectedForAcquiredReceivables" xml:lang="en-US">Best estimate at acquisition date of contractual cash flows not expected to be collected for acquired receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_BestEstimateAtAcquisitionDateOfContractualCashFlowsNotExpectedToBeCollectedForAcquiredReceivables" xml:lang="en-US">Contractual cash flows not to expected to be collected</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_BestEstimateAtAcquisitionDateOfContractualCashFlowsNotExpectedToBeCollectedForAcquiredReceivables" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_BestEstimateAtAcquisitionDateOfContractualCashFlowsNotExpectedToBeCollectedForAcquiredReceivables"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RevenueOfAcquiree" xlink:label="loc_2I0HHGGF8208_ifrs-full_RevenueOfAcquiree"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_RevenueOfAcquiree" xml:lang="en-US">Revenue of acquiree since acquisition date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_RevenueOfAcquiree" xml:lang="en-US">Revenue</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_RevenueOfAcquiree" xlink:to="lab_4K2JJIIH0420_ifrs-full_RevenueOfAcquiree"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossOfAcquiree" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ProfitLossOfAcquiree"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossOfAcquiree" xml:lang="en-US">Profit (loss) of acquiree since acquisition date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossOfAcquiree" xml:lang="en-US">Profit for the period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ProfitLossOfAcquiree" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossOfAcquiree"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RevenueOfCombinedEntity" xlink:label="loc_2I0HHGGF8208_ifrs-full_RevenueOfCombinedEntity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_4K2JJIIH0420_ifrs-full_RevenueOfCombinedEntity" xml:lang="en-US">Revenue of combined entity as if combination occurred at beginning of period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_4K2JJIIH0420_ifrs-full_RevenueOfCombinedEntity" xml:lang="en-US">Revenue of combined Group</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_2I0HHGGF8208_ifrs-full_RevenueOfCombinedEntity" xlink:to="lab_4K2JJIIH0420_ifrs-full_RevenueOfCombinedEntity"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossOfCombinedEntity" xlink:label="loc_I9G01G3G9932937HF776_ifrs-full_ProfitLossOfCombinedEntity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossOfCombinedEntity" xml:lang="en-US">Profit (loss) of combined entity as if combination occurred at beginning of period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossOfCombinedEntity" xml:lang="en-US">Profit for the period of combined Group</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_I9G01G3G9932937HF776_ifrs-full_ProfitLossOfCombinedEntity" xlink:to="lab_K1I23I5I1154159JH998_ifrs-full_ProfitLossOfCombinedEntity"/>
<loc xlink:type="locator" xlink:label="loc_dei_EntityFilerCategory" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory"/>
<label xlink:type="resource" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Entity Filer Category</label>
<labelArc xlink:type="arc" xlink:from="loc_dei_EntityFilerCategory" xlink:to="lab_dei_EntityFilerCategory" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"/>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6825404272">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>DOCUMENT AND ENTITY INFORMATION<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2017 </div>
<div>shares</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DocumentAndEntityInformationAbstract', window );"><strong>Document And Entity Information [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">TORM plc<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001655891<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">trmd<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Entity Current Reporting Status</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Non-accelerated Filer<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityWellKnownSeasonedIssuer', window );">Entity Well-known Seasoned Issuer</a></td>
<td class="text">No<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">20-F<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Dec. 31,  2017<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2017<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">FY<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fiscalPeriodItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityWellKnownSeasonedIssuer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityWellKnownSeasonedIssuer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DocumentAndEntityInformationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DocumentAndEntityInformationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6825785936">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED INCOME STATEMENT - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeStatementAbstract', window );"><strong>Profit or loss [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices', window );">Revenue</a></td>
<td class="nump">$ 656,991<span></span>
</td>
<td class="nump">$ 680,143<span></span>
</td>
<td class="nump">$ 540,404<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PortExpensesBunkersAndCommissions', window );">Port expenses, bunkers and commissions</a></td>
<td class="num">(259,888)<span></span>
</td>
<td class="num">(221,859)<span></span>
</td>
<td class="num">(169,646)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransportationExpense', window );">Charter hire</a></td>
<td class="num">(8,517)<span></span>
</td>
<td class="num">(21,498)<span></span>
</td>
<td class="num">(12,023)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OperatingExpense', window );">Operating expenses (Note 4)</a></td>
<td class="num">(188,374)<span></span>
</td>
<td class="num">(195,249)<span></span>
</td>
<td class="num">(122,867)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsOnDisposalsOfNoncurrentAssets', window );">Profit from sale of vessels (Note 23)</a></td>
<td class="nump">2,762<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">Administrative expenses (Note 4, 5)</a></td>
<td class="num">(45,007)<span></span>
</td>
<td class="num">(41,406)<span></span>
</td>
<td class="num">(19,486)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Other operating expenses</a></td>
<td class="num">(418)<span></span>
</td>
<td class="num">(304)<span></span>
</td>
<td class="num">(6,299)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod', window );">Share of profit/(loss) from joint ventures</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">176<span></span>
</td>
<td class="nump">202<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment losses on tangible and intangible assets (Note 6, 7, 8, 23)</a></td>
<td class="num">(3,572)<span></span>
</td>
<td class="num">(185,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationExpense', window );">Depreciation (Note 7)</a></td>
<td class="num">(114,451)<span></span>
</td>
<td class="num">(122,215)<span></span>
</td>
<td class="num">(67,327)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating profit/(loss) (EBIT)</a></td>
<td class="nump">39,529<span></span>
</td>
<td class="num">(107,212)<span></span>
</td>
<td class="nump">142,958<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Financial income (Note 9)</a></td>
<td class="nump">4,255<span></span>
</td>
<td class="nump">2,814<span></span>
</td>
<td class="nump">992<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Financial expenses (Note 9)</a></td>
<td class="num">(40,601)<span></span>
</td>
<td class="num">(37,333)<span></span>
</td>
<td class="num">(16,926)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Profit/(loss) before tax</a></td>
<td class="nump">3,184<span></span>
</td>
<td class="num">(141,731)<span></span>
</td>
<td class="nump">127,024<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Tax (Note 12)</a></td>
<td class="num">(777)<span></span>
</td>
<td class="num">(760)<span></span>
</td>
<td class="num">(1,041)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Net profit/(loss) for the year</a></td>
<td class="nump">$ 2,407<span></span>
</td>
<td class="num">$ (142,491)<span></span>
</td>
<td class="nump">$ 125,983<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EarningsPerShareAbstract', window );"><strong>EARNINGS PER SHARE</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Basic earnings/(loss) per share (USD) (Note 26)</a></td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="num">$ (2.3)<span></span>
</td>
<td class="nump">$ 2.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Diluted earnings/(loss) per share (USD) (Note 26)</a></td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="num">$ (2.3)<span></span>
</td>
<td class="nump">$ 2.4<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity classifies as being administrative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_vi&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation expense. Depreciation is the systematic allocation of depreciable amounts of tangible assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs associated with financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsOnDisposalsOfNoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gain on disposals of non-current assets. [Refer: Non-current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsOnDisposalsOfNoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss or reversal of impairment loss recognised in profit or loss. [Refer: Impairment loss recognised in profit or loss; Reversal of impairment loss recognised in profit or loss]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeStatementAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeStatementAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OperatingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of all operating expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OperatingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherOperatingIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of operating income (expense) that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherOperatingIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations. [Refer: Continuing operations [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_vi&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from operating activities of the entity. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2017-01-01<br> -Paragraph IE33<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=32&amp;date=2017-03-01&amp;anchor=para_IE33&amp;doctype=Illustrative%20Examples<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue arising from the rendering of cargo and mail transport services. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2017-03-02&amp;anchor=para_35_b_ii&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueFromRenderingOfCargoAndMailTransportServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) of joint ventures accounted for using the equity method. [Refer: Investments accounted for using equity method; Joint ventures [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TransportationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense arising from transportation services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TransportationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PortExpensesBunkersAndCommissions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses associated to port expenses, bunkers and commissions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PortExpensesBunkersAndCommissions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6824658032">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="4">12 Months Ended</th>
</tr>
<tr>
<th class="th" colspan="2"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_StatementOfComprehensiveIncomeAbstract', window );"><strong>Statement of comprehensive income [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Net profit/(loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,407<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">$ (142,491)<span></span>
</td>
<td class="nump">$ 125,983<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract', window );"><strong>Items that may be reclassified to profit or loss:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax', window );">Exchange rate adjustment arising from translation of entities using a functional currency different from USD</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">360<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(240)<span></span>
</td>
<td class="nump">160<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges', window );">Fair value adjustment on hedging instruments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,181<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(2,675)<span></span>
</td>
<td class="nump">1,067<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax', window );">Fair value adjustment on hedging instruments transferred to income statement</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,262)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,665<span></span>
</td>
<td class="nump">333<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income/(loss) after tax</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">7,279<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(1,250)<span></span>
</td>
<td class="nump">1,560<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income/(loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 9,686<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">$ (143,741)<span></span>
</td>
<td class="nump">$ 127,543<span></span>
</td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">No income tax was incurred relating to other comprehensive income/(loss) items.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Please refer to "Consolidated Statement of Comprehensive Income".</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income on exchange differences on the translation of financial statements of foreign operations, before tax. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_viii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, before tax, related to cash flow hedges. [Refer: Cash flow hedges [member]; Other comprehensive income, before tax]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations. [Refer: Continuing operations [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_vi&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of reclassification adjustments related to cash flow hedges, before tax. Reclassification adjustments are amounts reclassified to profit (loss) in the current period that were recognised in other comprehensive income in the current or previous periods. [Refer: Cash flow hedges [member]; Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 92<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_92&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_23_d&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_StatementOfComprehensiveIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_StatementOfComprehensiveIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6826183328">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED BALANCE SHEET - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentAbstract', window );"><strong>Tangible fixed assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_VesselsAndCapitalizedDrydock', window );">Vessels and capitalized dry-docking (Note 7,8,16)</a></td>
<td class="nump">$ 1,294,472<span></span>
</td>
<td class="nump">$ 1,343,778<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentPrepayments', window );">Prepayments on vessels (Note 7)</a></td>
<td class="nump">88,378<span></span>
</td>
<td class="nump">44,036<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherPropertyPlantAndEquipment', window );">Other plant and operating equipment (Note 7)</a></td>
<td class="nump">1,945<span></span>
</td>
<td class="nump">1,836<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Total tangible fixed assets</a></td>
<td class="nump">1,384,795<span></span>
</td>
<td class="nump">1,389,650<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract', window );"><strong>Financial assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInJointVentures', window );">Investments in joint ventures</a></td>
<td class="nump">324<span></span>
</td>
<td class="nump">322<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments</a></td>
<td class="nump">5<span></span>
</td>
<td class="nump">4<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentFinancialAssets', window );">Total financial assets</a></td>
<td class="nump">329<span></span>
</td>
<td class="nump">326<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Total non-current assets</a></td>
<td class="nump">1,385,124<span></span>
</td>
<td class="nump">1,389,976<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssetsAbstract', window );"><strong>CURRENT ASSETS</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InventoriesTotal', window );">Bunkers</a></td>
<td class="nump">33,204<span></span>
</td>
<td class="nump">31,616<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Freight receivables (Note 10)</a></td>
<td class="nump">71,281<span></span>
</td>
<td class="nump">62,533<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherCurrentReceivables', window );">Other receivables (Note 11)</a></td>
<td class="nump">11,787<span></span>
</td>
<td class="nump">8,134<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentPrepayments', window );">Prepayments</a></td>
<td class="nump">4,422<span></span>
</td>
<td class="nump">3,024<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">134,207<span></span>
</td>
<td class="nump">75,971<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners', window );">Current assets, excluding assets held-for-sale</a></td>
<td class="nump">254,901<span></span>
</td>
<td class="nump">181,278<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale', window );">Assets held-for-sale (Note 23)</a></td>
<td class="nump">6,550<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Total current assets</a></td>
<td class="nump">261,451<span></span>
</td>
<td class="nump">181,278<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">TOTAL ASSETS</a></td>
<td class="nump">1,646,575<span></span>
</td>
<td class="nump">1,571,254<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>EQUITY</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssuedCapital', window );">Common shares (Note 13)</a></td>
<td class="nump">623<span></span>
</td>
<td class="nump">623<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TreasuryShares', window );">Treasury shares (Note 13)</a></td>
<td class="num">(2,887)<span></span>
</td>
<td class="num">(2,887)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedges', window );">Hedging reserves</a></td>
<td class="nump">7,309<span></span>
</td>
<td class="nump">390<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads', window );">Translation reserves</a></td>
<td class="nump">280<span></span>
</td>
<td class="num">(80)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetainedEarnings', window );">Retained profit</a></td>
<td class="nump">785,725<span></span>
</td>
<td class="nump">782,532<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total equity</a></td>
<td class="nump">791,050<span></span>
</td>
<td class="nump">780,578<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilitiesAbstract', window );"><strong>NON-CURRENT LIABILITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilities', window );">Deferred tax liability (Note 12)</a></td>
<td class="nump">44,906<span></span>
</td>
<td class="nump">44,967<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Mortgage debt and bank loans (Note 2,15,16,18)</a></td>
<td class="nump">629,198<span></span>
</td>
<td class="nump">593,912<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentFinanceLeaseLiabilities', window );">Finance lease liabilities (Note 18,23)</a></td>
<td class="nump">25,294<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Total non-current liabilities</a></td>
<td class="nump">699,398<span></span>
</td>
<td class="nump">638,879<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilitiesAbstract', window );"><strong>CURRENT LIABILITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentPortionOfLongtermBorrowings', window );">Mortgage debt and bank loans (Note 2,15,16,18)</a></td>
<td class="nump">91,720<span></span>
</td>
<td class="nump">75,652<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentFinanceLeaseLiabilities', window );">Finance lease liabilities (Note 18,23)</a></td>
<td class="nump">2,899<span></span>
</td>
<td class="nump">13,624<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers', window );">Trade payables (Note 18)</a></td>
<td class="nump">26,150<span></span>
</td>
<td class="nump">28,498<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilitiesCurrent', window );">Current tax liabilities</a></td>
<td class="nump">1,393<span></span>
</td>
<td class="nump">773<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherCurrentLiabilities', window );">Other liabilities (Note 14,18)</a></td>
<td class="nump">33,822<span></span>
</td>
<td class="nump">33,055<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredIncomeClassifiedAsCurrent', window );">Deferred income</a></td>
<td class="nump">143<span></span>
</td>
<td class="nump">195<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Total current liabilities</a></td>
<td class="nump">156,127<span></span>
</td>
<td class="nump">151,797<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Liabilities', window );">Total liabilities</a></td>
<td class="nump">855,525<span></span>
</td>
<td class="nump">790,676<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">TOTAL EQUITY AND LIABILITIES</a></td>
<td class="nump">$ 1,646,575<span></span>
</td>
<td class="nump">$ 1,571,254<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfNoncurrentFinancialAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners. [Refer: Current assets; Disposal groups classified as held for sale [member]; Non-current assets or disposal groups classified as held for sale; Non-current assets or disposal groups classified as held for distribution to owners]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentFinanceLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current finance lease liabilities. [Refer: Finance lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-02&amp;anchor=para_55&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentFinanceLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPortionOfLongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPortionOfLongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPrepayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current prepayments. [Refer: Prepayments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPrepayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current amount of current tax liabilities. [Refer: Current tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph n<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 68<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredIncomeClassifiedAsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deferred income classified as current. [Refer: Deferred income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredIncomeClassifiedAsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes payable in future periods in respect of taxable temporary differences. [Refer: Temporary differences [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph o<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 56<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InventoriesTotal">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets: (a) held for sale in the ordinary course of business; (b) in the process of production for such sale; or (c) in the form of materials or supplies to be consumed in the production process or in the rendering of services. Inventories encompass goods purchased and held for resale including, for example, merchandise purchased by a retailer and held for resale, or land and other property held for resale. Inventories also encompass finished goods produced, or work in progress being produced, by the entity and include materials and supplies awaiting use in the production process. [Refer: Current finished goods; Current merchandise; Current work in progress; Land]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_g&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InventoriesTotal</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentsInJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of investments in joint ventures. [Refer: Joint ventures [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentsInJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssuedCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value of capital issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssuedCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of present obligations of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current assets or disposal groups classified as held for sale. [Refer: Disposal groups classified as held for sale [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2017-01-01<br> -Paragraph 38<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=5&amp;date=2017-03-01&amp;anchor=para_38&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentFinanceLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current finance lease liabilities. [Refer: Finance lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-02&amp;anchor=para_55&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentFinanceLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current financial assets. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current investments other than investments accounted for using the equity method. [Refer: Investments accounted for using equity method; Non-current assets; Investments other than investments accounted for using equity method]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentPrepayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current prepayments. [Refer: Prepayments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentPrepayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current liabilities that the entity does not separately disclose in the same statement or note. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current other receivables. [Refer: Other receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of property, plant and equipment that the entity does not separately disclose in the same statement or note. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_37&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipmentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipmentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfCashFlowHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the accumulated portion of gain (loss) on a hedging instrument that is determined to be an effective hedge for cash flow hedges. [Refer: Cash flow hedges [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 9<br> -IssueDate 2017-01-01<br> -Paragraph 6.5.11<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=9&amp;date=2017-03-01&amp;anchor=para_6.5.11&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfCashFlowHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the accumulated change in the value of foreign currency basis spreads of financial instruments when excluding them from the designation of these financial instruments as hedging instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2018-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 9<br> -IssueDate 2017-01-01<br> -Paragraph 6.5.16<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=9&amp;date=2017-03-01&amp;anchor=para_6.5.16&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreads</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RetainedEarnings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the entity's cumulative undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph IG6<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_IG6&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetainedEarnings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current amount of payment due to suppliers for goods and services used in entity's business. [Refer: Current liabilities; Trade payables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 70<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_70&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity&#8217;s own equity instruments, held by the entity or other members of the consolidated group.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2017-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=32&amp;date=2017-03-01&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_VesselsAndCapitalizedDrydock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represnts the amount of property, plant and equipment representing seafaring or other maritime vessels and capitalized dry-dock used in the entity's operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_VesselsAndCapitalizedDrydock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6827075344">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Common shares</div></th>
<th class="th" colspan="2"><div>Treasury shares 3)</div></th>
<th class="th" colspan="2"><div>Hedging reserves</div></th>
<th class="th" colspan="2"><div>Translation reserves</div></th>
<th class="th" colspan="2"><div>Retained profit</div></th>
<th class="th" colspan="2"><div>Total</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ChangesInStockHoldersEquityRollForward', window );"><strong>Changes in Stockholders' Equity [Roll Forward]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EquityBeforeReorganization', window );">Balance as of 1 January 2015, as shown in the financial statements of TORM A/S</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 87,986<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 381,528<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 469,514<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EffectOfReorganizationOnEquity', window );">Effect as of 1 January 2015 of the Exchange Offer</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(87,590)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">87,590<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Equity at Dec. 31, 2014</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">396<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">469,118<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">469,514<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAbstract', window );"><strong>Comprehensive income/loss for the year:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Net profit/(loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">125,983<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">125,983<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income/(loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 1,400<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 160<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,560<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income/(loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,400<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">160<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">125,983<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">127,543<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries', window );">Shareholders' contribution</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">14,040<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">14,040<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary', window );">Reverse acquisition of TORM A/S</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">242<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">367,536<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">367,778<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareIssueRelatedCost', window );">Transaction costs share issue</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(2,723)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(2,723)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfTreasuryShares', window );">Acquisition of treasury shares, cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (176)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(176)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ChangesInEquity', window );">Total changes in equity 2015, 2016, 2017</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">242<span></span>
</td>
<td class="num">(176)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">1,400<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">160<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">504,836<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">506,462<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Equity at Dec. 31, 2015</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">638<span></span>
</td>
<td class="num">(176)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">1,400<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">160<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">973,954<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">975,976<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAbstract', window );"><strong>Comprehensive income/loss for the year:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Net profit/(loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(142,491)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(142,491)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income/(loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,010)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(240)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,250)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income/(loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,010)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(240)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(142,491)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(143,741)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AcquisitionOfNonControllingInterest', window );">Acquisition of outstanding shares in TORM A/S, cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="num">(15)<span></span>
</td>
<td class="nump">176<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(19,396)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(19,235)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfTreasuryShares', window );">Acquisition of treasury shares, cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2,887)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(2,887)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners', window );">Corporate Reorganization TORM plc</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(6,564)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(6,564)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions', window );">Share-based compensation</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,029<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,029<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaid', window );">Dividend paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(25,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(25,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ChangesInEquity', window );">Total changes in equity 2015, 2016, 2017</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(15)<span></span>
</td>
<td class="num">(2,711)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="num">(1,010)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(240)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(191,422)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(195,398)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Equity at Dec. 31, 2016</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">623<span></span>
</td>
<td class="num">(2,887)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">390<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(80)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">782,532<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">780,578<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAbstract', window );"><strong>Comprehensive income/loss for the year:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Net profit/(loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,407<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,407<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income/(loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">6,919<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">360<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">7,279<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2],[5]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income/(loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">6,919<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="nump">360<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="nump">2,407<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="nump">9,686<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfTreasuryShares', window );">Acquisition of treasury shares, cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners', window );">Corporate Reorganization TORM plc</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">146<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">146<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions', window );">Share-based compensation</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,880<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,880<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaid', window );">Dividend paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,240)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,240)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ChangesInEquity', window );">Total changes in equity 2015, 2016, 2017</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">6,919<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">360<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">3,193<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">10,472<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Equity at Dec. 31, 2017</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 623<span></span>
</td>
<td class="num">$ (2,887)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">$ 7,309<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 280<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 785,725<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 791,050<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr><td colspan="13"></td></tr>
<tr><td colspan="13"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">In connection with the Exchange Offer of 15 April 2016, the common shares were adjusted to reflect those of TORM plc. The adjustment with respect to the common shares reflects the change in currency of the shares changed from DKK to USD and the reduction in the nominal value of each share was reduced from DKK 15 each to USD 0.01 each.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">No income tax was incurred relating to other comprehensive income/(loss) items.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">Please refer to note 13 for further information on treasury shares.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[4]</td>
<td style="vertical-align: top;" valign="top">Relates to the squeeze-out of remaining minority shareholders in TORM A/S.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[5]</td>
<td style="vertical-align: top;" valign="top">Please refer to "Consolidated Statement of Comprehensive Income".</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ChangesInEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity. [Refer: Equity]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ChangesInEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends recognised as distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 107<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_107&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from the acquisition of subsidiaries. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the entity's equity resulting from the change in the equity of subsidiaries. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from share-based payment transactions. [Refer: Equity]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from transactions with owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_viii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations. [Refer: Continuing operations [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_vi&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfTreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease in equity resulting from the purchase of treasury shares. [Refer: Treasury shares]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfTreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareIssueRelatedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cost related to the issuance of shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareIssueRelatedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AcquisitionOfNonControllingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the acquisition of remaining minority shareholders of subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AcquisitionOfNonControllingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ChangesInStockHoldersEquityRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ChangesInStockHoldersEquityRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_EffectOfReorganizationOnEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The effect on the beginning balance of equity due to reorganization of entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_EffectOfReorganizationOnEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_EquityBeforeReorganization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The value of equity before reorganization.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_EquityBeforeReorganization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
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<DOCUMENT>
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6799450944">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Parentheticals) - Apr. 15, 2016<br></strong></div></th>
<th class="th"><div>$ / shares</div></th>
<th class="th"><div>kr / shares</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_StatementOfChangesInEquityAbstract', window );"><strong>Statement of changes in equity [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Par value of common shares (in DKK) | (per share)</a></td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">kr 15<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ParValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_79_a_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ParValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_StatementOfChangesInEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_StatementOfChangesInEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>14
<FILENAME>R7.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6826521808">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED CASH FLOW STATEMENT - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>CASH FLOW FROM OPERATING ACTIVITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Net profit/(loss) for the year</a></td>
<td class="nump">$ 2,407<span></span>
</td>
<td class="num">$ (142,491)<span></span>
</td>
<td class="nump">$ 125,983<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract', window );"><strong>Adjustments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets', window );">Reversal of profit from sale of vessels (Note 23)</a></td>
<td class="num">(2,762)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDepreciationExpense', window );">Reversal of depreciation (Note 7)</a></td>
<td class="nump">114,451<span></span>
</td>
<td class="nump">122,215<span></span>
</td>
<td class="nump">67,327<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Reversal of impairment loss on tangible and intangible assets (Note 6, 7, 8)</a></td>
<td class="nump">3,572<span></span>
</td>
<td class="nump">185,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Reversal of share of profit/(loss) from joint ventures</a></td>
<td class="num">(3)<span></span>
</td>
<td class="num">(176)<span></span>
</td>
<td class="num">(202)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForFinanceIncome', window );">Reversal of financial income (Note 9)</a></td>
<td class="num">(4,255)<span></span>
</td>
<td class="num">(2,814)<span></span>
</td>
<td class="num">(992)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForFinanceCosts', window );">Reversal of financial expenses (Note 9)</a></td>
<td class="nump">40,601<span></span>
</td>
<td class="nump">37,333<span></span>
</td>
<td class="nump">16,926<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncomeTaxExpense', window );">Reversal of tax expenses (Note 12)</a></td>
<td class="nump">777<span></span>
</td>
<td class="nump">760<span></span>
</td>
<td class="nump">1,041<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_OtherAdjustmentsForNon-CashItems', window );">Reversal of other non-cash movements (Note 24)</a></td>
<td class="nump">3,696<span></span>
</td>
<td class="num">(7,114)<span></span>
</td>
<td class="num">(874)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities', window );">Dividends received from joint ventures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">188<span></span>
</td>
<td class="nump">200<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestReceivedClassifiedAsOperatingActivities', window );">Interest received and realized exchange gains</a></td>
<td class="nump">1,641<span></span>
</td>
<td class="nump">2,735<span></span>
</td>
<td class="nump">624<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestPaidClassifiedAsOperatingActivities', window );">Interest paid and realized exchange losses</a></td>
<td class="num">(36,698)<span></span>
</td>
<td class="num">(31,385)<span></span>
</td>
<td class="num">(12,364)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities', window );">Income taxes paid</a></td>
<td class="num">(586)<span></span>
</td>
<td class="num">(1,430)<span></span>
</td>
<td class="num">(584)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInWorkingCapital', window );">Change in bunkers, receivables and payables, etc. (Note 24)</a></td>
<td class="num">(12,996)<span></span>
</td>
<td class="nump">8,322<span></span>
</td>
<td class="nump">16,870<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivities', window );">Net cash flow from operating activities</a></td>
<td class="nump">109,845<span></span>
</td>
<td class="nump">171,143<span></span>
</td>
<td class="nump">213,955<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract', window );"><strong>CASH FLOW FROM INVESTING ACTIVITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities', window );">Investment in tangible fixed assets</a></td>
<td class="num">(145,112)<span></span>
</td>
<td class="num">(119,408)<span></span>
</td>
<td class="num">(253,964)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities', window );">Cash from business combination</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">77,544<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities', window );">Sale of tangible fixed assets (Note 23)</a></td>
<td class="nump">31,382<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">17,640<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivities', window );">Net cash flow from investing activities</a></td>
<td class="num">(113,730)<span></span>
</td>
<td class="num">(119,408)<span></span>
</td>
<td class="num">(158,780)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract', window );"><strong>CASH FLOW FROM FINANCING ACTIVITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Borrowing, mortgage debt</a></td>
<td class="nump">175,377<span></span>
</td>
<td class="nump">49,256<span></span>
</td>
<td class="nump">93,100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ProceedsFromSaleAndLeasebackTransactions', window );">Borrowing, sale and leaseback transactions</a></td>
<td class="nump">30,195<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities', window );">Repayment/redemption, mortgage debt</a></td>
<td class="num">(125,487)<span></span>
</td>
<td class="num">(142,740)<span></span>
</td>
<td class="num">(29,214)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities', window );">Repayment/redemption, finance lease liabilities</a></td>
<td class="num">(16,724)<span></span>
</td>
<td class="num">(3,410)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities', window );">Dividend paid</a></td>
<td class="num">(1,240)<span></span>
</td>
<td class="num">(25,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_Acquisitionofnoncontrollinginterestofsubsidiary', window );">Acquisition of outstanding shares in TORM A/S</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(19,241)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries', window );">Shareholders' contribution</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,040<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsForShareIssueCosts', window );">Transaction costs share issue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2,723)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PurchaseOrIssueOFtreasuryShares', window );">Purchase/disposal of treasury shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2,887)<span></span>
</td>
<td class="num">(176)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivities', window );">Net cash flow from financing activities</a></td>
<td class="nump">62,121<span></span>
</td>
<td class="num">(144,022)<span></span>
</td>
<td class="nump">75,027<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents', window );">Net cash flow from operating, investing and financing activities</a></td>
<td class="nump">58,236<span></span>
</td>
<td class="num">(92,287)<span></span>
</td>
<td class="nump">130,202<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents as of 1 January</a></td>
<td class="nump">75,971<span></span>
</td>
<td class="nump">168,258<span></span>
</td>
<td class="nump">38,056<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents as of 31 December</a></td>
<td class="nump">$ 134,207<span></span>
</td>
<td class="nump">$ 75,971<span></span>
</td>
<td class="nump">$ 168,258<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDepreciationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for depreciation expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDepreciationExpense</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForFinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for finance costs to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Finance costs; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForFinanceCosts</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for finance income to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Finance income; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForFinanceIncome</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for gain (loss) on disposals investments in subsidiaries, joint ventures and associates to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Associates [member]; Joint ventures [member]; Subsidiaries [member]; Investments in subsidiaries, joint ventures and associates; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Impairment loss (reversal of impairment loss) recognised in profit or loss]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for income tax expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncomeTaxExpense</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for losses (gains) on disposal of non-current assets to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Non-current assets; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 14<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_14&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForReconcileProfitLossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) operating activities, which are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 39<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_39&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for dividends paid by the entity, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from dividends received, classified as operating activities. [Refer: Dividends received]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsReceivedClassifiedAsOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for income taxes paid, classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in cash and cash equivalents. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInWorkingCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in working capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInWorkingCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestPaidClassifiedAsOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for interest paid, classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestPaidClassifiedAsOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestReceivedClassifiedAsOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from interest received, classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestReceivedClassifiedAsOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsForShareIssueCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for share issue costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsForShareIssueCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for changes in ownership interests in subsidiaries that do not result in a loss of control. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 42A<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_42A&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 42B<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_42B&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for payment of finance lease liabilities, classified as financing activities. [Refer: Finance lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_17_e&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from borrowings obtained. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from sales of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_16_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations. [Refer: Continuing operations [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_vi&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchases of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_16_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to settle borrowings, classified as financing activities. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of cash outflow attributed to the acquisition of non-controlling interest of susbidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for non-cash items to reconcile profit (loss) to net cash flow from (used in) operating activities that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from sale and leaseback transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from the purchase or issue of treasury shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797651328">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfAccountingPoliciesCriticalAccountingEstimatesAndJudgementsAbstract', window );"><strong>Disclosure Of Accounting Policies Critical Accounting Estimates And Judgements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory', window );">ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS</a></td>
<td class="text"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 1 &#8211; ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">OVERVIEW OF BUSINESS</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">TORM plc is a shipping company, incorporated in the United Kingdom, which owns and operates a fleet of product tankers. Unless otherwise indicated, the terms "TORM plc," "we," "us," "our," the "Company" and the "Group" refer to TORM plc and its consolidated subsidiaries, which includes TORM A/S and its consolidated subsidiaries following the closing of the Exchange Offer (defined below). When used herein to describe events prior to the closing of the Exchange Offer, the terms "TORM A/S," "we," "us," "our," the "Company" and the "Group" refer to TORM A/S and its consolidated subsidiaries before such time. References to "Former TORM A/S" refer to TORM A/S and its consolidated subsidiaries prior to the Combination (defined below).</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">On March 27, 2015, TORM A/S, a company organized under the laws of Denmark, Oaktree Capital Management L.P., or Oaktree, and certain of TORM A/S' lenders entered into a restructuring agreement to recapitalize TORM A/S. The agreement included a mandatory and an optional debt cancellation of a part of TORM A/S' debt and required that OCM Njord Holdings S.&#224; r.l., or Njord Luxco, a subsidiary of Oaktree, contribute OCM (Gibraltar) Njord Midco Ltd., or Njord, to TORM A/S in exchange for shares in TORM A/S. We refer to this transaction as the "Combination." The Combination was completed on July 13, 2015, the date on which Njord was transferred to TORM A/S, and comprised a part of a series of transactions, discussed more fully herein, which together we refer to as the "2015 Restructuring." We refer to the consummation of the 2015 Restructuring on July 13, 2015 as the Restructuring Completion Date.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Combination was accounted for as a reverse acquisition, based on guidance in IFRS 3 "Business Combinations", under the acquisition method of accounting, with Njord considered to be the accounting acquirer of TORM A/S and the continuing reporting entity, though TORM A/S continued as the legal entity (we refer to Njord and Former TORM A/S, including their respective subsidiaries, together as the "Combined Group"). This was largely due to the fact that following the acquisition, Njord Luxco held 62% of the voting rights in TORM A/S (excluding the additional voting rights associated with the TORM A/S C-share, which relates to election and dismissal of members of our Board of Directors and certain amendments to our Articles of Association), was exposed to variable returns from involvement with the Combined Group and had the ability to use its control to affect the amount of the Group's return.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans:
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 letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">On 15 April 2016, a new corporate structure was established, whereby TORM plc effectively acquired all of the outstanding A-shares of TORM A/S (referred to herein as Danish A-shares) in exchange for TORM plc's securities. A total of 97.6% of TORM A/S' shareholders exchanged their shareholdings to TORM plc, and TORM plc acquired the remaining 2.4% shares from TORM A/S' minority shareholders in a statutory squeeze-out transaction under the Danish Companies Act for a total cash consideration of USD 19.2m.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In addition and in connection with the exchange of the Danish A-shares, all TORM A/S warrant holders exchanged their warrants on a one-for-one basis for warrants of TORM plc. We refer to these transactions collectively as the "Exchange Offer." On 19 April 2016, upon the closing of the Exchange Offer, TORM plc became the Group's publicly-held parent company incorporated under the laws of England and Wales. We refer to this as the "Redomiciliation". The Redomiciliation was accounted for as an internal reorganization of entities under common control and, therefore, the assets and liabilities of TORM A/S were accounted for at their historical cost basis and not revalued in the transaction.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Corporate Reorganization is accounted for as a capital restructuring, where the assets and liabilities of TORM A/S and its subsidiaries are accounted for at their historical cost basis and not revalued at market value.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The consolidated financial statements for the TORM Group are presented in the legal name of TORM plc, but are a continuation of the financial statements of TORM A/S with a retroactive adjustment of the legal capital of the legal parent (TORM plc). The consolidated financial results reflect the activities for TORM A/S only for 2015 and the period from 1 January 2016 until 15 April 2016, whereas the remaining period of 2016 and all of 2017 reflects the combined activity of TORM plc and TORM A/S.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The impact on equity in 2016 of the Corporate Reorganization reflected the accumulated deficit of TORM plc at that date and the squeeze-out transaction impact of USD 19.2m.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">TORM plc is listed on the stock exchange NASDAQ
 Copenhagen,
 Denmark and on NASDAQ New York, United States.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">BASIS OF PREPARATION</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The consolidated financial statements of the Group have been prepared in accordance with the International Financial Reporting Standards ("IFRS") as adopted by the EU and as issued by the International Accounting Standards Board ("IASB").</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The consolidated financial statements have been prepared on a going concern basis and under the historical cost convention except where fair value accounting is specifically required by IFRS.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The functional currency is USD, and the Company applies USD as presentation currency in the preparation of the consolidated financial statements.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">GOING CONCERN</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As of 31 December 2017, TORM's cash position was USD 134m, TORM's net debt was USD 620m (of which USD 271m was undrawn) and the net interest-bearing debt loan-to-value ratio was 55.8%. In January 2018 the Group's financial position was further strengthened via an equity raise of USD 100m. Further information on the Group's objectives and policies for managing its capital, its financial risk management objectives and its exposure to credit and liquidity risk can be found in note 20 to the financial statements.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Group monitors its funding position throughout the year to ensure that it has access to sufficient funds to meet its forecast cash requirements, including newbuilding and loan commitments, and to monitor compliance with the financial covenants within its loan facilities, details of which
 are in note 2 to the
 financial statements. Sensitivity calculations are run to reflect different scenarios including, but not limited to, future freight rates and vessel valuations in order to identify risks to future liquidity and covenant compliance and to enable Management to take corrective actions, if required.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Board of Directors has considered the Group's cash flow forecasts and the expected compliance with the Company's financial covenants for a period of not less than 12 months from the date of approval of these financial statements. Based on this review, the Board of Directors has a reasonable expectation that, taking into account reasonably possible changes in trading performance and vessel valuations, the Group will be able to continue in operational existence and comply with its financial covenants for the foreseeable future. Accordingly, the Group continues to adopt the going concern basis in preparing its financial statements.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">ADOPTION OF NEW OR AMENDED IFRSS</div><div style="text-align: left; 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color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Amendments to IAS 12 "Recognition of Deferred Tax Assets for Unrealised Losses"</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Amendments to IFRS 12 included in Annual Improvements to IFRS Standards 2014-2016 Cycle</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The implementation of the standard amendments and improvements had no significant impact on the Group's financial statements.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space:
 normal; orphans: 2;
 letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">ACCOUNTING STANDARDS AND INTERPRETATIONS NOT YET ADOPTED</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">IASB has issued a number of new or amended accounting standards (IFRS) and interpretations (IFRIC) that have not yet come into effect:</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Amendments to IFRS 2 "Classification and Measurement of Share-based Payment Transactions". Effective date is 1 January 2018. The Company has evaluated the impact of this standard on the financial statements as insignificant.</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">IFRS 9 "Financial Instruments". The effective date of the standard is 1 January 2018. The standard and subsequent amendments will substantially change the classification and measurement of financial instruments and hedging requirements. Furthermore, IFRS 9 changes the recognition of credit losses from "incurred losses" to "expected losses". TORM has assessed the new requirement and concludes that the effect of the change will be insignificant, as TORM historically has had very limited actual incurred losses on receivables. The changes in the standard regarding classification will not change the measurement of the majority of financial assets from amortized cost except from derivatives that also under IFRS 9 will be measured at fair value through profit &amp; loss unless cash flow hedge accounting is applied.</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">IFRS 15 "Revenue from Contracts with Customers". The effective date is 1 January 2018. The standard will change the recognition pattern of revenue. The change in revenue recognition will go from recognizing from "discharge-to-discharge" to "load-to-discharge". The cumulative effect of adopting the standard as at 1 January 2018 was a reduction in total equity of USD 1m. As this is not considered material the impact will be reflected in the results of the group for the year ending 31 December 2018 and prior periods will not be restated.</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">IFRS 16 "Leases". The effective date is 1 January 2019. The standard will change the recognition of leases. The standard is not expected to have a material impact on the TORM Group as TORM mainly operates owned vessels. It will however result in a right of use asset and related lease liability being recorded for
 certain (mostly property
 related) leases which are currently treated as operating leases. It will also result in a reclassification of costs associated with these operating leases from "Administrative expenses" (operating leases) to either "Depreciations" or "Financial expenses".</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">ACCOUNTING POLICIES</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Consolidation principles</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The consolidated financial statements comprise the financial statements of the Parent Company, TORM plc, and entities controlled by the Company and its subsidiaries. Control is achieved when the Company:</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">has the power over the investee; and</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">is exposed, or has the right to variable returns from involvement with the investee; and</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">has the ability to use its power to affect its returns</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company should reassess whether it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">When the Company has less than a majority of the voting rights of an investee, it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities unilaterally. 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 assessing whether or not the
 Company's voting rights in an investee are sufficient to give it power, including:</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">the size of the Company's holding of voting rights relative to the size and dispersion of holdings of the other vote holders</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">potential voting rights held by the Company, other vote holders or other parties</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; 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font-size: 10pt;">any additional facts and circumstances that indicate that the Company has, or does not have, the current ability to direct the relevant activities at the time when decisions need to be made, including voting pattern at previous shareholders' meetings</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Entities in which the Group exercises significant but not controlling influence are regarded as associated companies and are accounted for using the equity method.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Companies which are managed jointly by agreement with one or more companies and therefore are subject to joint control (joint ventures) are accounted for using the equity method.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and ends when the Company loses control over the subsidiary. Specifically, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated income statement and other comprehensive income from the date on which the Company obtains control until the date when the Company loses control over the subsidiary.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;&#160;</div><div
 style="text-align: left; widows: 2;
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The financial statements used for consolidation purposes are prepared in accordance with the Company's accounting policies.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The consolidated financial statements following a reverse acquisition are issued under the name of the legal parent (accounting acquiree) but as a continuation of the financial statements of the legal subsidiary (accounting acquirer). The accounting acquirer's legal capital is adjusted retrospectively to reflect the legal capital of the accounting acquiree. Comparative information is adjusted accordingly.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Business combinations</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Newly acquired or formed entities are recognized in the consolidated financial statements from the date of acquisition or formation. The date of acquisition is the date on which control over the entity is effectively transferred.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Business combinations are accounted for by applying the purchase method, whereby the acquired entities' identifiable assets, liabilities and contingent liabilities are measured at fair value at the acquisition date. The tax effect of the revaluation activities is also taken into account. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the amount of that adjustment is included in the cost of the combination if the event is probable and the adjustment can be measured reliably. Costs of issuing debt or equity instruments in connection with a business combination are accounted for together with the debt or equity issuance. All other costs associated with the acquisition are expensed in the income statement.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style:
 initial; text-decoration-color: initial;">In
 reverse acquisitions the purchase price of a business combination is measured as the fair value of the consideration agreed upon. The purchase price in a reverse acquisition is calculated as the fair value of the interest in the accounting acquirer that the existing shareholders of the accounting acquiree would have received, had the business combination not been a reverse acquisition.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The excess of the cost of the business combination over the fair value of the acquired assets, liabilities and contingent liabilities is recognized as goodwill under intangible assets and is tested for impairment at least once every year. Upon acquisition, goodwill is allocated to the cash generating units, which subsequently form the basis for the impairment test. If the fair value of the acquired assets, liabilities and contingent liabilities exceeds the cost of the business combination, the identification of assets and liabilities and the processes of measuring the fair value of the assets and liabilities and the cost of the business combination are reassessed. If the fair value of the business combination continues to exceed the cost, the resulting gain is recognized in the income statement.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Foreign currencies</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The functional currency of all significant entities, including subsidiaries and associated companies, is United State dollars (USD), because the Company's vessels operate in international shipping markets, in which income and expenses are settled in USD, and because the Companies most significant assets and liabilities in the form of vessels and related liabilities are denominated in USD. Transactions in currencies other than the functional currency are translated into the functional currency at the transaction date. Cash, receivables and payables and other monetary items denominated in currencies other than the functional currency are translated into the functional currency at the exchange rate at the balance sheet date. Gains or losses due to differences between the exchange rate at the transaction date and the exchange rate at the settlement date or the balance sheet date are recognized in the income statement under "Financial income" and "Financial expenses".</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">An exchange rate gain or loss relating to a non-monetary item carried at fair value is recognized in the same line as the fair value adjustment.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The
 reporting currency of the Company is USD. Upon recognition
 of entities with functional currencies other than USD, the financial statements are translated into USD. Income statement items are translated into USD at the average exchange rates for the year, whereas balance sheet items are translated at the exchange rates as of the balance sheet date. Exchange differences arising from the translation of financial statements into USD are recognized as a separate component through other comprehensive income. On the disposal of an entity, the cumulative amount of the exchange differences recognized in the separate component of equity relating to that entity is transferred to the income statement as part of the gain or loss on disposal.</div></div></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Derivative financial instruments</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Derivative financial instruments, primarily forward currency exchange contracts, forward freight agreements and forward contracts regarding bunker purchases, are entered to hedge future committed or anticipated transactions. TORM applies hedge accounting under the specific rules on cash flow hedges when appropriate.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Derivative financial instruments are initially recognized in the balance sheet at fair value at the date when the derivative contract is entered into and are subsequently measured at their fair value as other receivables or other liabilities, respectively.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Changes in the fair value of derivative financial instruments that are designated as cash flow hedges and deemed to be effective are recognized directly in "Other comprehensive income". When the hedged transaction is recognized in the income statement, the cumulative value adjustment recognized in "Other comprehensive income" is transferred to the income statement and included in the same line as the hedged transaction. However, when the hedged transaction results in the recognition of a fixed asset, the gains and losses previously accumulated in "Other comprehensive income" are transferred from "Other comprehensive income" and included in the initial measurement of the cost of the fixed asset. Changes in the fair value of a portion of a hedge deemed to be ineffective are recognized in the income statement.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Changes in the fair value of derivative financial instruments that are not designated as hedges are recognized in the income statement. While effectively reducing cash flow risk in accordance with the Company's risk management policy, interest rate swaps with cap features and certain forward freight agreements and forward contracts regarding bunker purchases do not qualify for hedge accounting. Changes in fair value of these derivate financial instruments are therefore recognized in the income statement under "Financial income" or "Financial expenses" for interest rate swaps with cap features, under "Revenue"
 for forward freight agreements and under "Port expenses, bunkers and
 commissions" for forward bunker contracts.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Segment information</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In 2015, TORM consisted of two business segments: The Tanker Segment and Bulk Segment. Due to divestment of the Bulk Segment during 2015, only the Tanker Segment remains for 2016 and 2017.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The segmentation is based on the Group's internal management and reporting structure. In the Tanker Segment, the services provided primarily comprise transportation of refined oil products such as gasoline, jet fuel and naphtha.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Group has only one geographical segment, because the Company considers the global market as a whole, and as the individual vessels are not limited to specific parts of the world. Furthermore, the internal management reporting does not provide such information. Consequently, it is not possible to provide geographical segment information on revenue from external customers or non-current segment assets.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The segment income statement comprises income and expenses which are directly attributable to the segment. Not allocated items primarily comprise assets and liabilities as well as revenues and expenses relating to the Company's administrative functions and investment activities, including cash and bank balances, interest-bearing debt, income tax, deferred tax, etc.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The accounting policies applied for the segments regarding recognition and measurement are consistent with the policies for TORM as described in this note.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;
 text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align:
 left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Employee benefits</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Wages, salaries, social security contributions, holiday and sick leave, bonuses and other monetary and non-monetary benefits are recognized in the year in which the employees render the associated services. Please also refer to the accounting policy for share-based payment.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Pension plans</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Group has entered into defined contribution plans only. Pension costs related to defined contribution plans are recorded in the income statement in the year to which they relate.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Leases</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Agreements to charter in vessels and to lease other plant and operating equipment for which TORM substantially has all the risks and rewards of ownership are recognized in the balance sheet as finance leases. Lease assets are measured at the lower of fair value and the present value of minimum lease payments determined in the leases.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">For the purpose of calculating the present value, the interest rate implicit in the lease or an incremental borrowing rate is used as discount factor. The lease assets are depreciated and written down under the same accounting policy as the vessels owned by the Company or over the lease period depending on the lease terms.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The corresponding lease obligation is recognized as a liability in the balance sheet, and the interest element of the lease payment is charged to the income statement as incurred.</div><div style="widows: 2; text-transform: none; background-color:
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 orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other charter agreements concerning vessels and other leases are classified as operating leases, and lease payments are charged to the income statement on a straight-line basis over the lease term. The obligation for the remaining lease term is disclosed in the notes to the financial statements.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Agreements to charter out vessels for which substantially all the risks and rewards of ownership are transferred to the lessee are classified as finance leases, and an amount equal to the net investment in the lease is recognized and presented in the balance sheet as a receivable. The carrying amount of the vessel is derecognized, and any gain or loss on disposal is recognized in the income statement. Other agreements to charter out vessels are classified as operating leases, and lease income is recognized in the income statement on a straight-line basis over the lease term.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">INCOME STATEMENT</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Revenue</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Income is recognized in the income statement when:</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">The income generating activities have been carried out on the basis of a binding agreement</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">The income can be
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Revenue is recognized when it meets the general criteria mentioned above, and when the stage of completion can be measured reliably. Accordingly, freight, charter hire and demurrage revenue are recognized at selling price upon delivery of the service as per the charter parties concluded.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Cross-over voyages</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Revenue is recognized upon delivery of services in accordance with the terms and conditions of the charter parties. For cross-over voyages (voyages in progress at the end of a reporting period), the uncertainty and the dependence on estimates are greater than for finalized voyages. The Company recognizes a percentage of the estimated revenue for the voyage equal to the percentage of the estimated duration of the voyage completed at the balance sheet date. The estimate of revenue is based on the expected duration and destination of the voyage. Voyage expenses are recognized as incurred.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">When recognizing revenue, there is a risk that the actual number of days it takes to complete the voyage will differ from the estimate, and for time charter parties a lower day rate may have been agreed for additional days. The contract for a single voyage may state several alternative destination ports. The destination port may change during the voyage, and the rate may vary depending on the destination port. Changes to the estimated duration of the voyage as well as changing destinations and weather conditions will affect the voyage expenses.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Demurrage revenue</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal;
 text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color:
 #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Freight contracts contain conditions regarding the amount of time available for loading and discharging of the vessel. If these conditions are breached, TORM is compensated for the additional time incurred in the form of demurrage revenue. Demurrage revenue is recognized upon delivery of services in accordance with the terms and conditions of the charter parties. Upon completion of the voyage, the Company assesses the time spent in port, and a demurrage claim based on the relevant contractual conditions is submitted to the charterers.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The claim will often be met by counterclaims due to differences in the interpretation of the agreement compared to the actual circumstances of the additional time used. Based on previous experience, 95% of the demurrage claim submitted is recognized as demurrage revenue upon initial recognition. The Company receives the demurrage payment upon reaching final agreement on the amount, which on average is approximately 100 days after the original demurrage claim was submitted. Any adjustments to the final agreement are recognized as demurrage revenue.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Port expenses, bunkers and commissions</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Port expenses, bunker fuel consumption and commissions are recognized as incurred. Gains and losses on forward bunker contracts designated as hedges and write-down and provisions for losses on freight receivables are included in this line.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Freight and bunker derivatives</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Freight and bunker derivatives comprise fair value adjustments and gains and losses on forward freight agreements, forward bunker contracts and other derivative financial instruments directly relating to shipping activities which are not designated as hedges. The freight and bunker derivatives that qualify for hedge accounting are recognized in Revenue and Port expense, bunkers and commissions respectively, as the hedging instrument is realized.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif;
 white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px;
 font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Charter hire</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Charter hire comprises expenses related to the chartering in of vessels under operating leases which have been incurred in order to achieve the net revenue for the year.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Operating expenses</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Operating expenses, which comprise crew expenses, repair and maintenance expenses and tonnage duty, are expensed as incurred.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Profit from sale of vessels</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Profit from sale of vessels is recognized when the significant risks and rewards of ownership have been transferred to the buyer, representing the difference between the sales price less cost to sell and the carrying value of the vessel.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Administrative expenses</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Administrative expenses, which comprise administrative staff costs, management costs, office expenses and other expenses relating to administration, are expensed as incurred.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other operating expenses</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal;
 -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other operating expenses primarily comprise chartering
 commissions and management fees paid to commercial and technical managers for managing the fleet and to a lesser extent profits and losses deriving from the disposal of other plant and operating equipment.</div></div></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Depreciation and impairment losses</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Depreciation and impairment losses comprise depreciation of tangible fixed assets for the year as well as the write-down of the value of assets by the amount by which the carrying amount of the asset exceeds its recoverable amount. In the event of indication of impairment, the carrying amount is assessed, and the value of the asset is written down to its recoverable amount equal to the higher of value in use based on net present value of future earnings from the assets and its fair value less cost to sell.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Financial income</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Financial income comprises interest income, realized and unrealized exchange rate gains relating to transactions in currencies other than the functional currency, realized gains from other equity investments and securities, unrealized gains from securities, dividends received and other financial income including value adjustments of certain financial instruments not accounted for as hedges of future transactions.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Interest is recognized in accordance with the accrual basis of accounting taking into account the effective interest rate. Dividends from other investments are recognized when the right to receive payment has been decided, which is typically when the dividend has been declared and can be received without conditions.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Financial expenses</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal;
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 text-decoration-style: initial; text-decoration-color: initial;">Financial expenses comprise interest expenses, financing costs of finance leases, realized and unrealized exchange rate losses relating to transactions in currencies other than the functional currency, realized losses from other equity investments and securities, unrealized losses from securities and other financial expenses including value adjustments of certain financial instruments not accounted for as hedges of future transactions.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Interest is recognized in accordance with the accrual basis of accounting taking into account the effective interest rate.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Tax</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Tax expenses comprise the expected tax including tonnage tax on the taxable income for the year for the Group, adjustments relating to previous years and the change in deferred tax for the year. However, tax relating to items in other comprehensive income is recognized directly in the statement of other comprehensive income.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">BALANCE SHEET</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Goodwill</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Goodwill is measured as the excess of the cost of the business combination over the fair value of the acquired assets, liabilities and contingent liabilities and is recognized as an asset under intangible assets. Goodwill is not amortized as it is considered to have an indefinite useful life, but the recoverable amount of goodwill is assessed at least once a year. For impairment testing purposes, goodwill is on initial recognition allocated to the cash generating unit expected to benefit from the synergies of the combination. If the recoverable amount of the cash generating unit is less than the carrying amount of the unit, the impairment loss is first allocated to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on
 the basis of the carrying amount of each asset in the unit. An impairment loss for goodwill is not reversed in a subsequent period.</div><div style="widows: 2;
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Cost comprises acquisition cost and costs directly related to the acquisition up until the time when the asset is ready for use, including interest expenses incurred during the period of construction based on the loans obtained for the vessels. All major components of vessels except for dry-docking costs are depreciated on a straight-line basis to the estimated residual value over their estimated useful lives, which TORM estimates to be 25 years. The Company considers that a 25-year depreciable life is consistent with what is used by other shipowners with comparable tonnage. Depreciation is based on cost less the estimated residual value. Residual value is estimated as the lightweight tonnage of each vessel multiplied by scrap value per ton. The useful life and the residual value of the vessels are reviewed at least at each financial year-end based on market conditions, regulatory requirements and the Company's business plans.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company also evaluates the carrying amounts to determine if events have occurred that indicate impairment and would require a modification of the carrying amounts. Prepayment on vessels is measured at costs incurred.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Dry-docking</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Approximately every 30 and 60 months, depending on the nature of work and external requirements, the vessels are required to undergo planned dry-dockings for replacement of certain components, major repairs and major maintenance of other components, which cannot be carried out while the vessels are operating. These dry-docking costs are capitalized and depreciated on a straight-line basis over the estimated period until the next dry-docking. The residual value of such components is estimated at nil. The useful life of the dry-docking costs is reviewed at least at each financial year-end based on market conditions, regulatory requirements and TORM's business plans.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px;
 font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">A portion of the cost of
 acquiring a new vessel is allocated to the components expected to be replaced or refurbished at the next dry-docking. Depreciation hereof is carried over the period until the next dry-docking. For newbuildings, the initial dry-docking asset is estimated based on the expected costs related to the first-coming dry-docking, which again is based on experience and past history of similar vessels. For second-hand vessels, a dry-docking asset is also segregated and capitalized separately, taking into account the normal docking intervals of the vessels.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">At subsequent dry-dockings, the costs comprise the actual costs incurred at the dry-docking yard. Dry-docking costs may include the cost of hiring crews to carry out replacements and repairs, the cost of parts and materials used, cost of travel, lodging and supervision of Company personnel as well as the cost of hiring third-party personnel to oversee a dry-docking. Dry-docking activities include, but are not limited to, the inspection, service on turbocharger, replacement of shaft seals, service on boiler, replacement of hull anodes, applying of anti-fouling and hull paint, steel repairs as well as refurbishment and replacement of other parts of the vessel.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other plant and operating equipment</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Operating equipment is measured at cost less accumulated depreciation.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Computer equipment is depreciated on a straight-line basis over three years, and other operating equipment is depreciated on a straight-line basis over five years.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Leasehold improvements are measured at cost less accumulated amortization and impairment losses, and leasehold improvements are amortized on a straight-line basis over the shorter of the term of the lease and the estimated useful life. Cost comprises acquisition cost and costs directly related to the acquisition up until the time when the asset is ready for use.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal;
 -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Investments in joint ventures</div><div style="text-align: left; widows: 2; text-transform: none; background-color:
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When TORM's share of losses in a joint venture exceeds the investment in the joint venture, TORM discontinues recognizing its share of further losses. Additional losses are recognized only to the extent that TORM has incurred legal or constructive obligations or made payments on behalf of the joint venture.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div></div></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Financial assets</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Financial assets are initially recognized at the settlement date at fair value plus transaction costs, except for financial assets at fair value through profit or loss, which are recognized at fair value. Financial assets are derecognized when the rights to receive cash flows from the assets have expired or have been transferred.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Financial assets are classified as:</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Financial assets at fair value through profit or loss</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Loans and receivables</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Available-for-sale financial assets</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2;
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 initial;">Other investments</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other investments comprise shares in other companies and are classified as available-for-sale. Listed shares are measured at the market value at the balance sheet date, and unlisted shares are measured at estimated fair value. Unrealized gains and losses resulting from changes in fair value of shares are recognized in "Other comprehensive income". Realized gains and losses resulting from sales of shares are recognized as "Financial income" or "Financial expenses" in the income statement. The cumulative value adjustment recognized in "Other comprehensive income" is transferred to the income statement when the shares are sold. Dividends on shares in other companies are recognized as "Financial income" in the period in which they are declared.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other investments are presented as non-current, unless Management intends to dispose of the investments within 12 months from the balance sheet date.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Receivables</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Outstanding freight receivables and other receivables that are expected to be realized within 12 months from the balance sheet date are classified as loans and receivables and presented as current assets.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Receivables are measured at the lower of amortized cost and net realizable values, which corresponds to nominal value less provision for bad debts. Derivative financial instruments included in other receivables are measured at fair value.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Provisions for bad debt</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Provision for bad debt is defined as the write off of certain accounts receivable assessed as being uncollectible. The assessment is based on historical experience and on an individual basis.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style:
 normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps:
 normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Impairment of assets</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Non-current assets are reviewed at least annually to determine any indication of impairment due to a significant decline in either the assets' market value or in the cash flows generated by the assets. In case of such indication, the recoverable amount of the asset is estimated as the higher of the asset's fair value less costs to sell and its value in use. The value in use is the present value of the future cash flows expected to derive from a cash generating unit, utilizing a pre-tax discount rate that reflects current market estimates of the time value of money and the risks specific to the unit for which the estimates of future cash flows have not been adjusted. If the recoverable amount is less than the carrying amount of the cash generating unit, the carrying amount is reduced to the recoverable amount. The impairment loss is recognized immediately in the income statement. Where an impairment loss subsequently reverses, the carrying amount of the cash generating unit is increased to the revised estimate of the recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined, had no impairment loss been recognized in prior years.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">For the purpose of assessing impairment, assets and time charter- and bareboat contracts are grouped at the lowest levels at which impairment is monitored for internal management purposes. There were two cash generating units in 2015, the Tanker Segment and the Bulk Segment. In 2017 and 2016, there was only one cash generating unit as the Bulk Segment was wound down in 2015.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Bunkers</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Bunkers and luboil are stated at the lower of cost and net realizable value. Cost is determined using the FIFO method and includes expenditures incurred in acquiring the bunkers and luboil and delivery cost less discounts.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Assets held-for-sale</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times,
 serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial;
 text-decoration-color: initial;">Assets are classified as held-for-sale if the carrying amount will be recovered principally through a sales transaction rather than through continuing use. This condition is regarded as met only when the asset is available for immediate sale in its present condition subject to terms that are usual and customary for sales of such assets, and when its sale is highly probable. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one year from the date of classification.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Assets held-for-sale are measured at the lower of their previous carrying amount and fair value less costs to sell.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Gains are recognized on delivery to the new owners in the income statement in the item "Profit from sale of vessels". Anticipated losses are recognized at the time the asset is classified as held-for-sale in the item "Impairment losses on tangible and intangible assets".</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Treasury shares</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Treasury shares are recognized as a separate component of equity at cost. Upon subsequent disposal of treasury shares, any consideration is also recognized directly in equity.</div></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Share-based payments</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Group makes equity settled share-based payments to certain employees, which are measured at fair value at the date of grant and expensed on a straight-line basis over the vesting period, based on the Group's estimate of shares that will eventually vest. The fair value of the share schemes is calculated using the Black Scholes method at grant date.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new
 roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial;
 text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Dividend</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Dividend is recognized as a liability at the time of declaration. Dividend proposed for the year is moved from "Retained profit" and presented as a separate component of equity.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Provisions</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Provisions are recognized when the Company has a legal or constructive obligation as a result of past events, and when it is probable that this will lead to an outflow of resources that can be reliably estimated. Provisions are measured at the estimated liability that is expected to arise, taking into account the time value of money.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Deferred tax</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. In addition, the deferred tax also constitutes the reserve in relation to the transition balance in connection with the Danish tonnage tax scheme.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realized, based on the laws that have been enacted by the balance sheet date. The deferred tax is charged through the income statement except when it relates to other comprehensive income items.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style:
 initial; text-decoration-color: initial;">Mortgage debt and bank loans</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2;
 letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">At the time of borrowing, mortgage debt and bank loans are measured at fair value less transaction costs. Mortgage debt and bank loans are subsequently measured at amortized cost. This means that the difference between the net proceeds at the time of borrowing and the nominal amount of the loan is recognized in the income statement as a financial expense over the term of the loan applying the effective interest method.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">When terms of existing financial liabilities are renegotiated, or other changes regarding the effective interest rate occur, TORM performs a test to evaluate whether the new terms are substantially different from the original terms. If the new terms are substantially different from the original terms, TORM accounts for the change as an extinguishment of the original financial liability and the recognition of a new financial liability. TORM considers the new terms to be substantially different from the original terms if the present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective interest rate, is at least 10% different from the discounted present value of the remaining cash flows of the original financial liability.</div></div></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other liabilities</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other liabilities are generally measured at amortized cost. Derivative financial instruments included in other liabilities are measured at fair value.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">CASH FLOW STATEMENT</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The cash flow statement shows the Company's cash flows as well as cash and cash equivalents at the beginning and the end of the period.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400;
 word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Cash flow from operating activities is presented using the indirect method and is based on net profit/(loss) for the year
 adjusted for tax, financial income and expenses, net profit/(loss) from sale of vessels, non-cash operating items, changes in working capital, income tax paid, dividends received and interest paid/received.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Cash flow from investing activities comprises the purchase and sale of tangible fixed assets and financial assets as well as cash from business combinations.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Cash flow from financing activities comprises changes in long-term debt, bank loans, finance lease liabilities, purchases or sales of treasury shares and dividend paid to shareholders.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Cash and cash equivalents comprise cash at bank and in hand including restricted cash. Other investments are classified as investing activities.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">EARNINGS PER SHARE</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Basic earnings per share is calculated by dividing the consolidated net profit/(loss) for the year available to common shareholders by the weighted average number of common shares outstanding during the period. Treasury shares are not included in the calculation. Purchases of treasury shares during the period are weighted based on the remaining period.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Diluted earnings per share is calculated by adjusting the consolidated profit or loss available to common shareholders and the weighted average number of common shares outstanding for the effects of all potentially dilutive shares. Such potentially dilutive common shares are excluded when the effect of including them would be to increase earnings per share or reduce a loss per share.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2;
 letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform:
 none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The preparation of financial statements in accordance with IFRS requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and assumptions are affected by the way TORM applies its accounting policies. An accounting estimate is considered critical if the estimate requires Management to make assumptions about matters subject to significant uncertainty, if different estimates could reasonably have been used, or if changes in the estimate that would have a material impact on the Company's financial position or results of operations are reasonably likely to occur from period to period. Management believes that the accounting estimates applied are appropriate and the resulting balances are reasonable. However, actual results could differ from the original estimates requiring adjustments to these balances in future periods.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Management believes that the following are the significant accounting estimates and judgements used in the preparation of the consolidated financial statements:</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">ACCOUNTING ESTIMATES</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Carrying amounts of vessels</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company evaluates the carrying amounts of the vessels (including newbuildings) to determine if events have occurred that would require a modification of their carrying amounts. The valuation of vessels is reviewed based on events and changes in circumstances that would indicate that the carrying amount of the assets might not be recoverable. In assessing the recoverability of the vessels, the Company reviews certain indicators of potential impairment such as reported sale and purchase prices, market demand and general market conditions. Furthermore, market valuations from leading, independent and internationally recognized shipbrokers are obtained on a quarterly basis as part of the review for potential impairment indicators. If an indication of impairment is identified, the need for recognizing an impairment loss is assessed by comparing the carrying amount of the vessels to the higher of the fair value less cost to sell and the value in use.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures:
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 normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The review for potential impairment indicators and projection of future discounted cash flows related to the vessels is complex and requires the Company to make various estimates including future freight rates, utilization, earnings from the vessels, future operating and capital expenditure and discount rates. For more information on key assumptions and related sensitivities, please refer to note 8 in these financial statements. All these factors have been historically volatile. The carrying amounts of TORM's vessels may not represent their fair market value at any point in time, as market prices of second-hand vessels to a certain degree tend to fluctuate with changes in charter rates and the cost of newbuildings. However, if the estimated future cash flow or related assumptions in the future experience change, an impairment write-down or reversal of vessels may be required.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">JUDGEMENTS</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Reverse acquisition</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">TORM's Restructuring was completed on 13 July 2015 and included inter alia a contribution by OCM Njord Holdings S.&#224; r.l. ("Njord Luxco") of Njord to TORM in exchange for a controlling interest in TORM. The transaction is described in detail in note 27. Management has concluded that the contribution should be accounted for as a reverse acquisition according to IFRS 3 (Revised 2008) &#8211; Business Combinations ("IFRS 3"), i.e. Njord is the acquirer and Former TORM is the acquiree. Management's most significant judgements applying to the accounting policies relate to:</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Identification of the acquirer</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Calculation of consideration</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space:
 normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none;
 background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Identification of the acquirer</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">IFRS 3 requires that the determination of the acquirer shall be determined based on the guidance in IFRS 10 &#8211; "Consolidated Financial Statements", which means that the acquirer will be the entity that obtains control over the acquiree. The acquirer in a business combination will therefore most often be the entity (Former TORM A/S) legally acquiring the other (Njord) in exchange for cash, other assets or in exchange for issuing its equity interests. However, IFRS 3 states that in some cases the accounting acquirer can be the entity that is legally being acquired, i.e. Njord. The latter is typically the case when the former shareholder (Njord Luxco) of the entity whose shares are being acquired (Njord) owns the majority of shares and controls the majority of votes in the combined entity (TORM) after the transaction.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Following the transaction, Njord Luxco had control with the majority of the share capital and associated votes of Former TORM A/S, which led Management to conclude that the transaction is to be accounted for as a reverse acquisition, i.e. as if Former TORM A/S has been acquired by Njord rather than Former TORM A/S acquiring Njord.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Calculation of consideration</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Based on the provision of IFRS 3, Njord's purchase price for a controlling interest in Former TORM A/S is calculated as the fair value of the interest in Njord that the existing shareholders and warrant holders in Former TORM A/S would have received, had the business combination of Former TORM A/S and Njord not been a reverse acquisition. As the issued shares of Former TORM A/S were publicly traded, Management considered whether the fair value of Former TORM A/S would have been a more reliable measure of the consideration. Management believes that the fair value of the interest in Njord that would have been issued represented the fair value of the consideration more reliably than the share price of Former TORM A/S. The share price of Former TORM A/S was very volatile during the period before the Restructuring due to the significant uncertainty about Former TORM A/S' future as an independent group.</div></div></div></div><span></span>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>LIQUIDITY, CAPITAL RESOURCES AND SUBSEQUENT EVENTS<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateAbstract', window );"><strong>Disclosure Of Information About Understanding Financial Position Liquidity Of Entity And Events After Reporting Date [Abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfInformationAboutUnderstandingFinancialPositionLiquidityOfEntityAndEventsAfterReportingDateTextBlock', window );">LIQUIDITY, CAPITAL RESOURCES AND SUBSEQUENT EVENTS</a></td>
<td class="text"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 2 &#8211; LIQUIDITY, CAPITAL RESOURCES AND SUBSEQUENT EVENTS</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">LIQUIDITY AND CAPITAL RESOURCES</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As of 31 December 2017, TORM's cash position totaled USD 134m (2016: USD 76m; 2015: USD 168m) and undrawn credit facilities amounted to USD 271m (2016: USD 190m; 2015: USD 75m). The undrawn credit facilities consisted of a USD 75m Working Capital Facility, a bilateral USD 115m facility with China Export-Import Bank and a bilateral USD 81m facility with Danish Ship Finance. TORM had ten newbuildings on order for delivery in 2018-2019 (2016: four; 2015: seven). The total outstanding CAPEX related to these newbuildings was USD 307m (2016: USD 149m; 2015: USD 224m) and is mainly financed by the undrawn facilities with China Export-Import Bank and Danish Ship Finance.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">TORM has a Term Facility I of USD 401m and an undrawn Working Capital Facility of USD 75m both with maturity in 2021. In addition to the Term Facility I and the Working Capital Facility, TORM has a Term Facility II of USD 115m with maturity in 2022 and bilateral loan agreements with Danish Ship Finance of USD 158m maturing in 2022 and with ING of USD 46m maturing in 2024. As of 31 December 2017, the scheduled minimum payments on mortgage debt and bank loans in 2018 were USD 93m.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">TORM's bank debt facilities include financial covenants related to:</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Minimum liquidity including committed credit lines</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 36pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Minimum cash</font></div><div style="text-align: left; widows: 2; text-transform: none;
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The related capital increase was filed on 26 January 2018 with the UK Companies House. After the capital increase, TORM's share capital amounts to a total nominal value of USD 742,188.48 divided into 74,218,846 A-shares of USD 0.01 each, one B-share of USD 0.01 and one C-share of USD 0.01.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff;
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<td class="text"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 3 &#8211; CONSOLIDATED SEGMENT INFORMATION</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; 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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STAFF COSTS<br></strong></div></th>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory', window );">STAFF COSTS</a></td>
<td class="text"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 4 &#8211; STAFF COSTS</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom; border-top: #000000 2px solid;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">USDm</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom; border-top: #000000 2px solid;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom; border-top: #000000 2px solid;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom; border-top: #000000 2px solid;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Total staff costs</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Staff costs included in operating expenses</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">9.2</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">9.9</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">9.7</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Staff costs included in administrative expenses</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">34.6</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;31.0</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;14.2</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Total</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">43.8</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">40.9</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">23.9</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Staff costs comprise the following</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman',
 times, serif; margin-left: 6.25pt; font-size: 10pt;">Wages and salaries</div></td><td style="background-color: #ffffff;
 width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">36.4</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">32.3</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">22.4</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Share-based compensation</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.9</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.0</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Pension costs</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;3.1</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">3.6</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.4</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Other social security costs</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.3</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.4</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;0.1</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Other staff costs</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;2.1</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.6</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Total</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">43.8</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">40.9</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; 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width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Seafarers</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;130.6</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;">&#160;137.0</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;">65.0</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Land-based</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">286.6</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;269.1</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;133.0</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Total</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;417.2</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;406.1</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;198.0</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr></table><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Employee information</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The majority of the staff on vessels are not employed by TORM. 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 normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><table style="widows: 2;
 text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom; border-top: #000000 2px solid;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">USD '000</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8309;&#8318;</font></div></td></tr><tr><td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;" colspan="4"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Non-Executive Board and Committee Remuneration, Short term</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Cheam Directors Limited &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;3</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Christopher H. Boehringer</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;290</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;237</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;88</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Kari Millum Gardarnar &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#179;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;&#8308;&#8318;</font></div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">31</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Rasmus Johannes Hoffmann &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#179;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;29</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Flemming Ipsen &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px;
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 margin-right: 5.65pt;">&#160;&#160;7</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Total</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman',
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 comprises the following number of shares in TORM plc:</div><div>&#160;</div></div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Number of shares (1,000)</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="border-bottom: #000000 2px solid;
 background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Outstanding 1 January</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1,999.8</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Granted during the period</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">866.6</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2,127.4</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Exercised during the period</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Expired during the period</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-233.9</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Forfeited during the period</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-21.3</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-127.6</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Outstanding 31 December</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-right: 5.65pt;">&#160;2,611.2</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1,999.8</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif;
 margin-left: 6.25pt; font-size: 10pt;">Exercisable 31 December</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">255.3</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">538.9</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr></table><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The vesting period of the program is three years for key employees and five years for the Executive Director. The exercise price is set to DKK 93.5. The exercise period is six months after the vesting date for key employees and twelve months after the vesting date for the Executive Director. The fair value of the options granted in 2017 was determined using the Black-Scholes valuation model and is not material.</div></div></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for employee benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Section Scope<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=sect_Scope&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>REMUNERATION TO AUDITORS APPOINTED AT THE PARENT COMPANY'S ANNUAL GENERAL MEETING<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureForAuditorRemunerationTextBlock', window );">REMUNERATION TO AUDITORS APPOINTED AT THE PARENT COMPANY'S ANNUAL GENERAL MEETING</a></td>
<td class="text"><div>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">NOTE 5 &#8212; REMUNERATION TO AUDITORS APPOINTED AT THE PARENT</font></p>
<table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0">
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">COMPANY'S ANNUAL GENERAL MEETING</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; width: 1095px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">USDm</font></td>
<td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2017</font></td>
<td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2016</font></td>
<td style="border-bottom: black 1px solid; text-align: right; width: 154px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2015</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Audit fees</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Fees payable to the Company's auditor for the audit of the Company's annual accounts</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.4</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.4</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.2</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Audit of the Company's subsidiaries pursuant to legislation</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.2</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.1</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.1</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Total audit fees</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.6</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.5</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.3</font></td>
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<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
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<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Non-audit fees</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Audit related services</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.4</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.6</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">1.1</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Tax services</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;"
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<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.3</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.5</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Other services</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.1</font></td>
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<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
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<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Under SEC regulations, the remuneration of the auditor of USD 1.0m (2016: USD 1.5m, 2015: USD 2.1m) is required to be presented as follows: Audit USD 0.6m (2016: USD 0.5m, 2015: USD 0.3m), other audit-related USD 0.4m (2016: USD 0.6m, 2015: USD 1.1m), tax USD 0.0m (2016: USD 0.3m, 2015: USD 0.5m) and all other fees USD 0.0m (2016: USD 0.1m, 2015: USD 0.2).</font></p>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6745434400">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INTANGIBLE ASSETS<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<td class="text"><p style="line-height: normal; margin: 0in 0in 0pt; background: white;" class="msonormal"><font style="font-family: times new roman,times;">NOTE 6 &#8211; INTANGIBLE ASSETS</font></p><div>&#160;</div><div><table style="width: 884px; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr style="height: 15.75pt;"><td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl67" height="21" width="692"><font style="font-family: times new roman,times;" size="2">USDm</font></td><td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68" width="64"><font style="font-family: times new roman,times;" size="2">2017</font></td><td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; 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<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for intangible assets.</p></div>
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<td style="white-space:nowrap;">ifrs-full_DisclosureOfIntangibleAssetsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td>duration</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797651328">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>TANGIBLE FIXED ASSETS<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract', window );"><strong>Disclosure of detailed information about property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory', window );">TANGIBLE FIXED ASSETS</a></td>
<td class="text"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 7 &#8211; TANGIBLE FIXED ASSETS</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">USDm</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; 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width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Additions from business combinations</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">857.4</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Disposals</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-14.3</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-16.3</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-18.6</div></td></tr><tr><td
 style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt;
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margin-left: 6.25pt; font-size: 10pt;">Balance as of 31 December</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1,726.6</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1,697.4</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1,567.5</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Depreciation:</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Balance as of 1 January</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;180.0</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">75.5</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">27.9</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Disposals</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-14.3</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-15.9</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-18.6</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Depreciation for the year</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;113.6</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;120.4</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">66.5</div></td></tr><tr style="height: 12px;"><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Transferred to assets held-for-sale</div></td><td style="border-bottom: #000000 2px solid; background-color:
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 solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-0.3</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Balance as of 31 December</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">258.5</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;180.0</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">75.5</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Impairment:</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Balance as of 1 January</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;173.6</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Impairment losses on tangible fixed assets</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;173.6</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Balance as of 31 December</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;173.6</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;173.6</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Carrying amount as of 31 December</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1,294.5</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1,343.8</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
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background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr></table><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Included in the carrying amount for "Vessels and capitalized dry-docking" are capitalized dry-docking costs in the amount of USD 68.1m (2016: USD 80.4m, 2015: USD 81.7m).</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">For information on assets used as collateral security, please refer to note 16. Please refer to note 8 for information on impairment testing.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal;
 font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The depreciation expense related to "Other plant and operating equipment" of USD 0.9m relates to "Administrative expense" (2016: USD 1.8m, 2015: USD 0.9m). Depreciations and impairment losses on tangible fixed assets on "Vessels and capitalized dry-docking" relate to operating expenses.</div><span></span>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797735152">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>IMPAIRMENT TESTING<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitAbstract', window );"><strong>Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory', window );">IMPAIRMENT TESTING</a></td>
<td class="text"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 8 &#8211; IMPAIRMENT TESTING</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As of 31 December 2017, Management performed an impairment test of the recoverable amount of significant assets within the cash-generating unit &#8212; the Tanker Segment.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The recoverable amount of the Tanker Segment was based on its value in use.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Management concluded that the impairment test did not provide the basis for any impairment or reversal of the impairment recorded in 2016, as the value in use was materially equivalent to the carrying amount.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The assessment of the value in use of the Tanker Segment was based on the present value of the expected future cash flows. The freight rate estimates in the period 2018-2020 are based on the Company's business plans. Beyond 2020, the freight rates are based on TORM's 10-year historical average rates, amended to reduce strong rates in 2008, and also adjusted for inflation. The approach used for long-term freight rates outlined above represents a change in estimates, as in previous years the long-term freight rates have been based on the 10-year historical average rates from Clarksons .</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">From the year ended 31 December 2017 and going forward TORM has decided to use its own historical average rates, rather than the ones from Clarksons, as it has been concluded, following detailed analysis, that they are better estimates of the future earnings potential of TORM as they reflect TORM's actual trading pattern and routes which differ to the benchmarks used by Clarksons, in addition to reflecting operating efficiencies that TORM is able to achieve due to the size and interdependency of its fleet. TORM has historically continuously performed at or higher than the Clarksons benchmark.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing:
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However, if the lower Clarksons rates were applied instead of TORM's the impairment charge arising in the current year would have been capped at USD 20m based on the fair value less cost to sell of the Tanker Segment, as indicated by a range of market valuations from independent shipbrokers.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The discount rate used in the value in use calculation is based on a Weighted Average Cost of Capital (WACC) of 8.7% as of 31 December 2017 (2016: 8.8%, 2015: 8.3%) . WACC is calculated by using a standard WACC model in which cost of equity, cost of debt and capital structure are the key parameters.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As of 31 December 2017, the amended 10-year historical average spot freight rates used in the value in use calculation are as follows:</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">LR2 USD/day 17,216 (2016: USD/day 20,176, 2015: USD/day 21,975)</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">LR1 USD/day 16,445 (2016: USD/day 17,124, 2015: USD/day 18,900)</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">MR USD/day 15,794 (2016: USD/day 15,118, 2015: USD/day 16,948)</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Handysize USD/day 14,416 (2016: USD/day 15,203, 2015: USD/day 17,868)</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff;
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Beyond 2020, operating expenses are adjusted for 3% (2016: 2%) inflation and administrative expenses are adjusted for 2% inflation (2016: 2%).</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The product tankers are expected to generate normal income for 25 years from delivery from the shipyard. Given the current age profile of the tanker fleet, the average remaining life would be approximately 14 years.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The calculation of the value in use is sensitive to changes in the key assumptions which are related to the future development in freight rates, the WACC applied as discounting factor in the calculations and the development in operating expenses. All other things being equal, the sensitivities to the value in use have been assessed as follows:</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">A decrease/increase in the tanker freight rates of USD/day 1,000 would result in in a decrease/increase in the value in use of USD 241m.</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">An increase/decrease in WACC of 1.0% would result in a decrease/increase in the value in use of USD 100-112m.</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">An increase/decrease in operating expenses of 10.0% would result in a decrease/increase in the value in use of USD 187m.</font></div><div style="text-align: left; widows: 2; text-transform: none;
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 font-style: normal; text-indent: -18pt; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; margin-left: 18pt; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">However, if the downside sensitivities outlined above had been applied to the impairment test as of December 31 2017, the impairment charge arising in the current year would have been capped at USD 20m based on the fair value less cost to sell of the Tanker Segment, as outlined above. If the upside sensitivities outlined above had been applied,&#160; the impairment reversal would have been capped at USD 159m being the impairment charge applied to the Group's vessels in 2016 adjusted for the impact of the incremental depreciations that would have been charged during the year and vessel disposals during 2017.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As outlined above, the impairment test has been prepared on the basis that the Company will continue to operate its vessels as a fleet in the current set-up. The market value based on broker values of TORM's vessels including the order book and chartered in vessels was USD 1,672m, which is USD 20 m below the carrying amount.</div></div><span></span>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797602400">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>FINANCIAL ITEMS<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 9 &#8211; FINANCIAL ITEMS</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USDm</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="width: 198px; vertical-align: bottom; 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vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.7</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.8</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.7</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.3</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">3.0</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.0</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Financial expenses</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td
 style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width:
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of information about financial items.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6821878336">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>FREIGHT RECEIVABLES<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory', window );">FREIGHT RECEIVABLES</a></td>
<td class="text"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 10 &#8211; FREIGHT RECEIVABLES</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">USDm</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; 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font-size: 10pt;">Neither past due nor impaired</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">25.5</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">28.7</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">40.3</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; 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background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;83.1</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr></table><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; 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 provisions for impairment of freight receivables during the year are as follows:</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family:
 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">USDm</div></td><td style="border-bottom: #000000 2px solid; 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width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Balance as of 1 January</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.6</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.7</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Addition from business combinations</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.9</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Provisions for the year</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.6</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.9</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.5</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Provisions reversed during the year</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-1.9</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-1.0</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-0.7</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Balance as of 31 December</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.3</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size:
 10pt; margin-right: 5.65pt;">2.6</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.7</div></td></tr><tr><td style="background-color: #ffffff;
 width: 867px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr></table><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Provisions for impairment of freight receivables have been recognized in the income statement under "Port expenses, bunkers and commissions".</div><span></span>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of trade and other receivables. [Refer: Trade and other receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents freight receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6804373184">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>OTHER RECEIVABLES<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOtherCurrentAssetsExplanatory', window );">OTHER RECEIVABLES</a></td>
<td class="text"><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 11 &#8211; OTHER RECEIVABLES</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: #000000 2px solid; width: 1166px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">USDm</div></td><td style="border-bottom: #000000 2px solid; width: 201px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="border-bottom: #000000 2px solid; width: 200px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td></tr><tr><td style="width: 1166px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Partners and commercial managements</div></td><td style="width: 201px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 200px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.5</div></td></tr><tr><td style="width: 1166px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Derivative financial instruments</div></td><td style="width: 201px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">7.6</div></td><td style="width: 200px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">3.3</div></td></tr><tr><td style="width: 1166px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Tax receivables</div></td><td style="width: 201px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.3</div></td><td style="width: 200px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;1.1</div></td></tr><tr><td style="border-bottom: #000000 2px solid; width: 1166px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Other</div></td><td style="border-bottom: #000000 2px solid; width: 201px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.9</div></td><td style="border-bottom: #000000 2px solid; width: 200px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">3.2</div></td></tr><tr><td style="border-bottom: #000000 2px solid; width: 1166px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Balance as of 31 December</div></td><td style="border-bottom: #000000 2px solid; width: 201px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;11.8</div></td><td style="border-bottom: #000000 2px solid; width: 200px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;8.1</div></td></tr></table><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">No significant other receivables are past due or impaired.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400;
 word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;
 text-decoration-style: initial; text-decoration-color: initial;">Please refer to note 21 for further information on fair value hierarchies.</div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of other current assets. [Refer: Other current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfOtherCurrentAssetsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6821918544">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>TAX<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfIncomeTaxAbstract', window );"><strong>Disclosure Of Income Tax [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIncomeTaxExplanatory', window );">TAX</a></td>
<td class="text"><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 12 &#8211; TAX</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">USDm</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Tax for the year</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Current tax for the year</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.0</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.2</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.3</div></td></tr><tr style="height: 17px;"><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Adjustments related to previous years</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.1</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-0.3</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-0.2</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Adjustment of deferred tax asset</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.1</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.1</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.1</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Total</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.8</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.8</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.0</div></td></tr></table><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing:
 normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal;
 font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The majority of the Group's taxable income is located in Denmark, and therefore the majority of the tax base is subject to Danish tax legislation. As such, the Group has elected to participate in the Danish tonnage tax scheme; the participation is binding until 31 December 2025.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Group expects to participate in the tonnage tax scheme after the binding period and, at a minimum, to maintain an investing and activity level equivalent to the time of entering the tonnage tax scheme.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Under the Danish tonnage tax scheme, income and expenses from shipping activities are not subject to direct taxation, and accordingly an effective rate reconciliation has not been provided, as it would not provide any meaningful information. Instead, the taxable income is calculated from:</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">- The net tonnage of the vessels used to generate the income from shipping activities; and</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">- A rate applicable to the specific net tonnage of the vessel based on a sliding scale</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Due to the provisions of the tonnage tax scheme, the effective tax rate of the Group is 24.4% (2016: -0.6 %, 2015: 0.8 %).</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif;
 margin-left: 6.25pt; font-size: 10pt;">USDm</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align:
 bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Deferred tax liability</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Balance at 1 January</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">45.0</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;45.1</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Addition from business combination</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">45.2</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Deferred tax for the year</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.1</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.1</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.1</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Balance as of 31 December</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">44.9</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">45.0</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;45.1</div></td></tr></table><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Essentially all deferred tax relates to vessels included in the transition account under the Danish tonnage tax scheme.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px;
 font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Group operates in a wide variety of jurisdictions, in some of which the tax
 law is subject to varying interpretations and potentially inconsistent enforcement. As a result, there can be practical uncertainties in applying tax legislation to the Group's activities. Whilst the Group considers that it operates in accordance with applicable tax law, there are potential tax exposures in respect of its operations, the impact of which cannot be reliably estimated but could be material.</div><span></span>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfIncomeTaxExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=sect_Disclosure&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfIncomeTaxExplanatory</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfIncomeTaxAbstract">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfIncomeTaxAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
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</TEXT>
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<DOCUMENT>
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<SEQUENCE>27
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6804319520">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>COMMON SHARES &amp; TREASURY SHARES<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract', window );"><strong>Disclosure of classes of share capital [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory', window );">COMMON SHARES &amp; TREASURY SHARES</a></td>
<td class="text"><table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0">
<tr>
<td style="text-align: left; width: 1095px; vertical-align: top;"><font size="2">NOTE 13 &#8211; COMMON SHARES &amp; TREASURY SHARES</font></td>
<td style="text-align: right; width: 155px; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; width: 155px; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; width: 154px; vertical-align: top;"><font size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">&#160;</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">Common shares</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">2017</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">2016</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">2015</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">Number of shares</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">Number of shares</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">Number of shares</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">A-shares</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">62,298,846</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">62,298,846</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">63,836,249</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">B-shares</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">1</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">1</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">1</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">C-shares</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">1</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">1</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">1</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">Total</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">62,298,848</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">62,298,848</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">63,836,251</font></td>
</tr>
</table>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">For accounting purposes due to the Corporate Reorganization, the common shares have been adjusted retrospectively to reflect the issued capital and common shares of TORM plc amounting to USD 0.4m as per 1 January 2015.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">The A-shares are listed on NASDAQ Copenhagen and NASDAQ in New York and are publicly available for trading. Each A-share carries one vote at the Annual General Meeting and gives the shareholder right to dividends, liquidation proceeds or other distributions. The A-shares carry no other rights or obligations.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">The B-share has one vote at the general meeting, has no pre-emption rights in relation to any issue of new shares of other classes and carries no right to receive dividends, liquidation proceeds or other distributions from TORM. The holder of the B-share has the right to elect one member to the Board of Directors (being the Deputy Chairman), up to three alternates as well as one Board Observer. The B-share cannot be transferred or pledged, except for a transfer to a replacement trustee.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">The C-share represents 350,000,000 votes at the general meeting in respect of certain Specified Matters, including election of members to the Board of Directors (including the Chairman but excluding the Deputy Chairman) and certain amendments to the Articles of Association proposed by the Board of Directors. The C-share has no pre-emption rights in relation to any issue of new shares of other classes and carries no right to receive dividends, liquidation proceeds or other distributions from TORM. The C-share cannot be transferred or pledged, except to an affiliate of Njord Luxco.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">The B-share and the C-share are redeemable by TORM in the event that (i) TORM has received written notification from Njord Luxco (or its affiliates) that Njord Luxco and its affiliates (as defined in the Articles of Association) hold less than 1/3 in aggregate of TORM's issued and outstanding shares, (ii) five business days have elapsed from the Board of Directors' receipt of such written notice either without any Board member disputing such notice or with at least 2/3 of the Board members confirming such notice and (iii) both of the B-share and the C-share are redeemed at the same time.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">Issued warrants</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">Key management participates in an LTIP program, which gives the right to buy TORM shares at a predefined share price. Please refer to Note 4.</font></p>
<table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0">
<tr>
<td style="border-bottom: black 1px solid; text-align: left; width: 1095px; vertical-align: top;"><font size="2">Treasury shares</font></td>
<td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: bottom;"><font size="2">2017</font></td>
<td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: bottom;"><font size="2">2016</font></td>
<td style="border-bottom: black 1px solid; text-align: right; width: 154px; vertical-align: bottom;"><font size="2">2015</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Number of shares ('000)</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Balance as of 1 January</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">312.9</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">15.3</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Additions</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">312.9</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">15.3</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Cancellations</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-15.3</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Disposals</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">Balance as of 31 December</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">312.9</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">312.9</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">15.3</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Nominal value USDm</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Balance as of 1 January</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Additions</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Cancellations</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">Disposals</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">Balance as of 31 December</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">% of share capital</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Balance as of 1 January</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">0.5</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">0.2</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Additions</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">0.5</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">0.2</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Cancellations</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-0.2</font></td>
<td style="text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">Disposals</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">-</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">Balance as of 31 December</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">0.5</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">0.5</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: bottom;"><font size="2">0.2</font></td>
</tr>
</table>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">The total consideration for the treasury shares was USD 0.0m (2016: 2.9m and 2015: USD 0.2m). At 31 December 2016, the Company's holding of treasury shares represented 312,871 shares (2016: 312,871 shares and 2015: 15,319 shares) of USD 0.01 each at a total nominal value of USD 0.0m (2016: USD 0.0m and 2015: USD 0.0m) and a market value of USD 2.7m (2016: USD 2.8m 2015: USD 0.2m).</font></p><span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for share capital, reserves and other equity interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6804373184">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>OTHER LIABILITIES<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfOtherLiabilitiesAbstract', window );"><strong>Disclosure Of Other Liabilities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOtherLiabilitiesExplanatory', window );">OTHER LIABILITIES</a></td>
<td class="text"><p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">NOTE 14 &#8211; OTHER LIABILITIES</font></p>
<table style="widows: 2; text-transform: none; text-indent: 0px; width: 80%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0">
<tr>
<td style="text-align: left; width: 1252px; vertical-align: top;"><font size="2">USDm</font></td>
<td style="text-align: right; width: 155px; vertical-align: top;"><font size="2">2017</font></td>
<td style="text-align: right; width: 154px; vertical-align: top;"><font size="2">2016</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Partners and commercial managements</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">1.4</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">2.0</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Accrued operating expenses</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">8.5</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">5.2</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Accrued interest</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">5.2</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">5.8</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Wages and social expenses</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">16.3</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">14.6</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Derivative financial instruments</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">-</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">4.8</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Payables to joint ventures</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">0.1</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">0.1</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">Other</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">2.3</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">0.5</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">Balance as of 31 December</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">33.8</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">33.0</font></td>
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<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">&#160;</font></td>
</tr>
</table>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">Please refer to note 21 for further information on fair value hierarchies.</font></p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of other liabilities. [Refer: Other liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6692405248">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>EFFECTIVE INTEREST RATE, OUTSTANDING MORTGAGE DEBT AND BANK LOANS<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansAbstract', window );"><strong>Disclosure Of Effective Interest Rate, Outstanding Mortgage Debt And Bank Loans [Abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansExplanatoryTextBlock', window );">EFFECTIVE INTEREST RATE, OUTSTANDING MORTGAGE DEBT AND BANK LOANS</a></td>
<td class="text"><div><font style="font-family: times new roman,times;" size="2">NOTE 15 - EFFECTIVE INTEREST RATE, OUTSTANDING MORTGAGE DEBT AND BANK LOANS</font></div><div><font style="font-family: times new roman,times;" size="2">&#160;</font></div><div><font style="font-family: times new roman,times;" size="2">In July 2015, TORM completed the Corporate Restructuring. This resulted in a Term Facility Agreement and a Working Capital Facility of USD 75m both expiring in 2021. In 2017, TORM agreed on an additional Term Facility Agreement with a syndicate of four banks expiring in 2022. Furthermore, TORM has a debt facility with Danish Ship Finance, the tranches of which expire in 2021 and 2022, and a debt facility with ING expiring in 2024. In 2018, TORM will take delivery of four new LR2 tankers. The Export Import Bank of China (CEXIM) has committed funding of up to USD 115m in a 12-year facility to finance these newbuildings. In 2019, TORM will take delivery of four new MR and two new LR1 tankers. Danish Ship Finance has committed funding of up to USD 81m in a 7-year facility to finance the four MR newbuildings.</font></div><div><font style="font-family: times new roman,times;" size="2"></font>&#160;</div><div><font style="font-family: times new roman,times;" size="2"><font style="font-family: times new roman,times;" size="2"></font></font><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As of 31 December 2017, no drawdowns had been made on the Working Capital Facility, the CEXIM Facility or the new USD 81m DSF Facility.</div><font style="font-family: times new roman,times;" size="2"><font style="font-family: times new roman,times;" size="2"></font></font><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><font style="font-family: times new roman,times;" size="2"><font style="font-family: times new roman,times;" size="2"></font></font><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Please refer to note 2 for further information on the Company's liquidity and capital resources and note 19 and 20 for further information on interest rate swaps and financial risks.</div><font style="font-family: times new roman,times;" size="2"><font style="font-family: times new roman,times;" size="2"></font></font><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><font style="font-family: times new roman,times;" size="2"><font style="font-family: times new roman,times;" size="2"></font></font><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The table below shows the effective interest and the value of the outstanding mortgage debt and bank loans.</div><font style="font-family: times new roman,times;" size="2"><font style="font-family: times new roman,times;" size="2"></font></font><div style="widows: 2; 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vertical-align: bottom;">&#160;</td><td style="padding-bottom: 2px; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 294px; vertical-align: bottom;" colspan="3"><div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;">2017</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 293px; vertical-align: bottom;" colspan="3"><div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;">2016</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 292px; vertical-align: bottom;" colspan="3"><div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;">2015</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">USDm</div></td><td style="border-bottom: #000000 2px solid; background-color:
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width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">DSF Facility 1 (USD)</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Floating</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2021</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">5.4%</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">74.3</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2019</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.6%</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;109.4</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2019</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-right: 5.65pt;">4,1%</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times
 new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;125.7</div></td></tr><tr><td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">TFA Facility 1 (USD)</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Floating</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2021</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">5.0%</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">400.8</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2021</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.6%</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">470.0</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2021</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.3%</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">548.9</div></td></tr><tr><td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">DSF Facility 3 (USD)</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Floating</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2021</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">5.0%</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">56.5</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2021</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.6%</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">62.2</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2021</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4,4%</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">66.6</div></td></tr><tr><td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">DSF Facility 4 (USD)</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Floating</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2022</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">5.1%</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">26.8</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2022</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.8%</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">30.0</div></td><td
 style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2019</div></td><td style="background-color: #ffffff; width: 98px;
 vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4,1%</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">26.0</div></td></tr><tr><td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">TFA Facility 2 (USD)</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Floating</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2022</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">5.4%</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;115.0</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">N/A</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">N/A</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">N/A</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">N/A</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">ING (USD)</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Floating</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2024</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.6%</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">45.8</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">N/A</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">N/A</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">N/A</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">N/A</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Weighted average effective interest rate</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">5.1%</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000
 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.6%</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px
 solid; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.3%</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Carrying value</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;719.1</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;671.6</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">767.2</div></td></tr><tr><td style="background-color: #ffffff; width: 591px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Hereof non-current &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;633.1</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">595.7</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;717.5</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Hereof current &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">86.0</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">75.9</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff;
 width: 98px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">49.7</div></td></tr></table><font style="font-family: times new roman,times;" size="2"><font style="font-family: times new roman,times;" size="2"></font></font><div
 style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><font style="font-family: times new roman,times;" size="2"><font style="font-family: times new roman,times;" size="2"></font></font><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="background-color: #ffffff; width: 1567px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">&#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;Effective interest rate includes deferred and amortized bank fees.</div></td></tr><tr><td style="background-color: #ffffff; width: 1567px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">&#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;The carrying value of the Group's mortgage debt and bank loans is, due to their short-term nature of fixing of interest, approximate to fair value, and excludes amortized bank fees.</div></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of Effective Interest Rate, Outstanding Mortgage Debt And Bank Loans [Abstract]</p></div>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the effective interest rate outstanding mortgage debt and bank loans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6821928288">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>COLLATERAL SECURITY FOR MORTGAGE DEBT AND BANK LOANS<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfCollateralAbstract', window );"><strong>Disclosure Of Collateral [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfCollateralExplanatory', window );">COLLATERAL SECURITY FOR MORTGAGE DEBT AND BANK LOANS</a></td>
<td class="text"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 16 &#8211; COLLATERAL SECURITY FOR MORTGAGE DEBT AND BANK LOANS</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The total carrying amount for vessels that have been provided as security amounts to USD 1,259m at 31 December 2017 (2016: USD 1,115m, 2015: USD 1,329m).</div><span></span>
</td>
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<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of assets and liabilities used as collateral.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<html>
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<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6804319520">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>GUARANTEE COMMITMENTS AND CONTINGENT LIABILITIES<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfCommitmentsAndContingentLiabilitiesAbstract', window );"><strong>Disclosure Of Commitments And Contingent Liabilities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory', window );">GUARANTEE COMMITMENTS AND CONTINGENT LIABILITIES</a></td>
<td class="text"><div><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2">NOTE 17 &#8211; GUARANTEE COMMITMENTS AND CONTINGENT LIABILITIES</font></div><div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2"></font>&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2">The guarantee commitments of the Group are less than USD 0.1m (2016: USD 0.1m, 2015: USD 0.1m) and relate to guarantee commitments to Danish Shipowners' Association.</font></div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2">&#160;</font></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2">The Group is involved in certain legal proceedings and disputes. It is Management's opinion that the outcome of these proceedings and disputes will not have any material impact on the Group's financial position, results of operations and cash flows.</font></div></div><span></span>
</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of commitments and contingent liabilities. [Refer: Contingent liabilities [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797616832">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONTRACTUAL OBLIGATIONS<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfContractualCommitmentsAbstract', window );"><strong>Disclosure Of Contractual Commitments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfCommitmentsExplanatory', window );">CONTRACTUAL OBLIGATIONS</a></td>
<td class="text"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 18 &#8211; CONTRACTUAL OBLIGATIONS</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">TORM has various contractual obligations and commercial commitments to make future payments including lease obligations, purchase commitments, interest payments and repayment of mortgage debt and bank loans.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The following table summarizes the Company's contractual obligations at 31 December 2017.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 531px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">USDm</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 72px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2018</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2019</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2020</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2021</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2022</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Thereafter</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Total</div></td></tr><tr><td style="background-color: #ffffff; width: 531px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Mortgage debt and bank loans</div></td><td style="background-color: #ffffff; width: 72px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="background-color: #ffffff; 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 new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;">&#160;&#160;346.7</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;89.2</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;28.3</div></td><td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;725.8</div></td></tr><tr><td style="background-color: #ffffff; width: 531px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Interest payments related to scheduled interest fixing</div></td><td style="background-color: #ffffff; 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font-size: 10pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#178;</font>&#8318;</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;11.9</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">13.6</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">12.2</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">9.1</div></td><td style="background-color: #ffffff; 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vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;2.9</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;3.2</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;3.4</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;3.7</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">15.0</div></td><td style="background-color: #ffffff; 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 style="background-color: #ffffff; width: 72px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;2.3</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;2.0</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1.7</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1.4</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;0.3</div></td><td style="background-color: #ffffff; 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width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;306.9</div></td></tr><tr><td style="background-color: #ffffff; width: 531px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Chartered-in vessels (operating lease)</div></td><td style="background-color: #ffffff; width: 72px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">&#8308;&#8318;</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; 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vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;2.9</div></td></tr><tr><td style="background-color: #ffffff; width: 531px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Other operating leases</div></td><td style="background-color: #ffffff; width: 72px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">&#8309;&#8318;</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; 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 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;0.2</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times
 new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="background-color: #ffffff; width: 114px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;5.2</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 531px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Trade payables and other obligations</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 72px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; 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font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 114px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">51.5</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 531px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Total</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 72px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; 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font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">&#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;The presented amounts to be repaid do not include directly related costs arising from the issuing of the loans of USD 4.8m (2016: USD 2.0m), which are amortized over the term of the loans. 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 forward rates for each interest period.</div></td></tr><tr><td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">&#179;<font style="font-family: 'times new roman', times, serif; font-size:
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word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="padding-bottom: 2px; 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width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2018</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2019</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2020</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2021</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 115px; vertical-align: bottom;"><div style="text-align: right; 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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6609781360">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>DERIVATIVE FINANCIAL INSTRUMENTS<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory', window );">DERIVATIVE FINANCIAL INSTRUMENTS</a></td>
<td class="text"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 19 &#8211; DERIVATIVE FINANCIAL INSTRUMENTS</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; 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widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Bunker swaps and forward freight agreements with a fair value of USD 0.6m (net) of a previously fixed hedge have been recognized in the income statement in 2017 (2016: USD 0.8m, 2015: USD -0.2m).</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; 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 text-decoration-color: initial;">Interest rate swaps with a fair value of USD 5.1m are designated as hedge accounting relationships to fix a part of TORM's interest payments during the
 period 2017 to 2022 with a notional value of USD 406.4m (2016: USD 373.8m, 2015: USD 382.3m).</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The table below shows realized amounts as well as fair value adjustments regarding derivative financial instruments recognized in the income statements and equity in 2017, 2016 and 2015.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="padding-bottom: 2px; background-color: #ffffff; width: 462px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; width: 709px; vertical-align: bottom;" colspan="3"><div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;">Income statement</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Equity</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 462px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">USDm</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Revenue</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Port expenses, bunkers and commissions</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Financial items</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Hedging reserves</div></td></tr><tr><td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">2017</div></td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; 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font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;">&#160;&#160;0.0</div></td></tr><tr><td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Forward exchange contracts</div></td><td style="background-color: #ffffff; width:
 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-1.4</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;4.4</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 462px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Interest rate swaps</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-2.0</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; 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font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-3.4</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;6.9</div></td></tr><tr><td style="background-color: #ffffff; width: 462px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">2016</div></td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Forward Freight Agreements</div></td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-0.1</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.2</div></td></tr><tr><td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Bunker swaps</div></td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;0.0</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif;
 font-size: 10pt; margin-right: 5.65pt;">1.0</div></td></tr><tr><td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Forward exchange contracts</div></td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new
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background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-2.9</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1.6</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; 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margin-right: 5.65pt;">&#160;-</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;0.0</div></td></tr><tr><td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Bunker swaps</div></td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.9</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-right: 5.65pt;">&#160;&#160;-0.2</div></td></tr><tr><td style="background-color: #ffffff; width: 462px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Forward exchange contracts</div></td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="background-color:
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6826666944">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RISKS ASSOCIATED WITH TORM'S ACTIVITIES<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfRisksAssociatedWithEntitiesActivitiesAbstract', window );"><strong>Disclosure Of Risks Associated With Entities Activities [Abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfNatureAndExtentOfSignificantRisksExplanatoryTextBlock', window );">RISKS ASSOCIATED WITH TORM'S ACTIVITIES</a></td>
<td class="text"><div>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">NOTE 20 &#8212; RISKS ASSOCIATED WITH TORM'S ACTIVITIES</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The risks can generally be divided into four main categories:</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; margin-left: 30px; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">&#8226;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Long-term strategic risks</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; margin-left: 30px; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">&#8226;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;industry and market-related risks</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; margin-left: 30px; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">&#8226;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;operational and compliance risks</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; margin-left: 30px; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">&#8226;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;financial risks</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The risks described under each of the four categories are considered to be among the most significant risks for TORM within each category.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">LONG-TERM STRATEGIC RISKS</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Industry-changing risks, such as the substitution of oil for other energy sources and radical changes in transportation patterns, are considered to have a relatively high potential impact but are long-term risks. Management continues to monitor long-term strategic risks to ensure the earliest possible mitigation of potential risks and develop necessary capabilities to exploit opportunities created by the same risks.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">INDUSTRY AND MARKET RELATED RISKS</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures:
 normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Industry and market-related risk factors relate to changes in the markets and in the political, economic and physical environment that Management cannot control such as freight rates and vessel and bunker prices.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">FREIGHT RATE FLUCTUATIONS</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The Company's income is principally generated from voyages carried out by its fleet of vessels. As such, TORM is exposed to the considerable volatility that characterizes freight rates for such voyages.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">It is the Company's strategy to seek a certain exposure to this risk, as volatility also represents an opportunity because earnings historically have been higher in the day-to-day market compared to time charters. The fluctuations in freight rates for different routes may vary substantially. However, TORM is aiming at reducing the sensitivity to the volatility of such specific freight rates by actively seeking the optimal geographical positioning of the fleet and by optimizing the services offered to customers.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Tanker freight income is to a certain extent covered against general fluctuations through the use of physical contracts such as cargo contracts and time charter agreements with durations of 6-36 months. In addition, TORM uses financial instruments such as forward freight agreements (FFAs) with coverage of typically 0-24 months forward, based on market expectations and in accordance with the Company's risk management policies. In 2017, 12% (2016: 10%; 2015: 5%) of freight earnings deriving from the Company's tankers was secured in this way. Physical time charter contracts accounted for 66% (2016: 83%; 2015: 95%) of overall hedging. In 2017, the Company sold FFAs with a notional contract value of USD 44m (2016: USD 12m; 2015: USD 6m) and bought FFAs with a notional contract value of USD 12m (2016: USD 3m; 2015: USD 4m). The total notional contract volume sold in 2017 was 1,754,000 metric tons (2016: 781,000 metric tons; 2015: 215,000 metric tons) and the total notional volume bought was 530,000 metric tons (2016: 190,000 metric tons; 2015: 142,000 metric tons). At the end of 2017, the coverage for 2018 was 13% (2016: 12%; 2015: 8%).</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">FFA trade and other freight-related derivatives are subject to specific policies and guidelines approved by the Risk Committee, including trading limits, stop-loss policies, segregation of duties and other internal control procedures.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">All things being equal and to the extent the Company's vessels have not already been chartered out at fixed rates, a freight rate change of USD/day 1,000 would lead to the following change in profit before tax based on the expected number of earning days for the coming financial year:</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">SENSITIVITY TO CHANGES IN FREIGHT RATES</font></p>
<table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0">
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<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">USDm</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2018</font></td>
<td style="border-bottom: black 1px
 solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2017</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2016</font></td>
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<td style="text-align: left; width: 1095px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Decrease in freight rates of USD/day</font></td>
<td style="text-align: right; width: 155px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; width: 155px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; width: 154px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
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<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">1,000:</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
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<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Changes in profit before tax</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">24.1</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">25.0</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">26.7</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Changes in equity</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">24.1</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">25.0</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">26.7</font></td>
</tr>
</table>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">SALES AND PURCHASE PRICE FLUCTUATIONS</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">As an owner of vessels, TORM is exposed to risk associated with changes in the value of the vessels, which can vary considerably during their useful lives. As of 31 December 2017, the carrying value of the fleet was USD 1,294m (2016: USD 1,344m). Based on broker valuations, TORM's fleet excluding undelivered newbuildings had a market value of USD 1,260m as of 31 December 2017 (2016: USD 1,260m). During 2017, TORM has sold three Handysize tankers and one MR tanker and bought two new MR tankers. Furthermore, TORM has ten vessels on order for delivery in 2018-2019 and options for purchase of an additional one LR1 tanker and three MR tankers.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">BUNKER PRICE FLUCTUATIONS</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The cost of fuel oil consumed by the vessels, known in the industry as bunkers, accounted for 55% of the total voyage costs in 2017 (2016: 50%; 2015: 57%) and is by far the biggest single cost related to a voyage.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">TORM is exposed to fluctuations in bunker prices that are not reflected in the freight rates achieved by the Company. To reduce this exposure, TORM hedges part of its bunker requirements with oil derivatives.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Bunker trade is subject to specific risk policies and guidelines approved by the Risk Committee including trading limits, stop-loss, stop-gain and stop-at-zero policies, segregation of duties and other internal control procedures.</font></p>
<p style="text-align:
 left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">TORM applies hedge accounting to all bunker hedge contracts.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">In 2017, 3.3% (2016: 0.9%; 2015: 0.2%) of TORM's bunker consumption was hedged through bunker hedging contracts. At the end of 2017, TORM had covered 2.1% (2016: 1.6%; 2015: 0.7%) of its bunker requirements for 2018 using hedging instruments.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">All things being equal, a price change of 10% per ton of bunker oil (without subsequent changes in freight rates) would lead to the following change in expenditure based on the expected bunker consumption in the spot market.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">SENSITIVITY TO CHANGES IN THE BUNKER PRICES</font></p>
<table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0">
<tr>
<td style="border-bottom: black 1px solid; text-align: left; width: 1095px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">USDm</font></td>
<td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2018</font></td>
<td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2017</font></td>
<td style="border-bottom: black 1px solid; text-align: right; width: 154px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2016</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Increase in the bunker prices of 10% per ton:</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Changes in profit before tax</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-18.3</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-15.6</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-12.8</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Changes in equity</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-18.3</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-15.6</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-12.8</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
</tr>
</table>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">OPERATIONAL AND COMPLIANCE RISKS</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent:
 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Operational risks are risks associated with the ongoing operations of the business and include risks such as safe operation of vessels, availability of experienced seafarers and staff, terrorism, piracy as well as insurance and counterparty risk.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">INSURANCE COVERAGE</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">In the course of the fleet's operation, various casualties, accidents and other incidents may occur that may result in financial losses for TORM. For example, national and international rules, regulations and conventions mean that the Company may incur substantial liabilities in the event that a vessel is involved in an oil spill or emission of other environmentally hazardous agents.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">In order to reduce the exposure to these risks, the fleet is insured against such risks to the extent possible. The total insurance program comprises a broad cover of risks in relation to the operation of vessels and transportation of cargo, including personal injury, environmental damage and pollution, cargo damage, third-party casualty and liability, hull and machinery damage, total loss and war. All of TORM's owned vessels are insured for an amount corresponding to their market value plus a margin to cover any fluctuations. Liability risks are covered in line with international standards. It is TORM's policy to cooperate with financially sound international insurance companies with a credit rating of BBB or better, presently some 14-16 companies, along with two P&amp;I clubs, to diversify risk. The P&amp;I clubs are member of the internationally recognized collaboration, International Group of P&amp;I clubs, and the Company's vessels are each insured for the maximum amount available in the P&amp;I system. At the end of 2017, the aggregate insured value of hull and machinery and interest for TORM's owned vessels amounted to USD 1.4 billion (2016: USD 1.6 billion; 2015: USD 2.0 billion).</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">COUNTERPARTY RISK</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Counterparty risk is an ever-present challenge demanding close monitoring to manage and decide on actions to minimize possible losses. The maximum counterparty risk associated is equal to the values recognized in the balance sheet. A consequential effect of the counterparty risk is loss of income in future periods, e.g. counterparties not being able to fulfill their responsibilities under a time charter, a contract of affreightment or an option. The main risk is the difference between the fixed rates under a time charter or a contract of affreightment and the market rates prevailing upon default.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The Company has a close focus on its risk policies and procedures to ensure that risks managed in the day-to-day business are kept at agreed levels and that changes in the risk situations are brought to Management's attention.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The Company's counterparty risks are primarily associated with:</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; margin-left: 30px; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal;
 font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">&#8226;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Receivables, cash and cash equivalents</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; margin-left: 30px; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">&#8226;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Contracts of affreightment with a positive fair value</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; margin-left: 30px; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">&#8226;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Derivative financial instruments and commodity instruments with positive fair value</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Receivables, cash and cash equivalents</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The majority of TORM's customers are companies that operate in the oil industry. It is assessed that these companies are, to a great extent, subject to the same risk factors as those identified for TORM.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">A major part of the Company's freight revenues stems from a small group of customers. One customer accounted for 8.2% of the freight revenues in 2017 (2016: 12.6%; 2015: 12.6%). The concentration of earnings on a few customers requires extra attention to credit risk. TORM has a credit policy under which continued credit evaluations of new and existing customers take place. For long-standing customers, payment of freight normally takes place after a vessel's cargo has been discharged. For new and smaller customers, the Company's credit risk is limited, as freight is usually paid prior to the cargo's discharge, or, alternatively, that a suitable bank guarantee is placed in lieu thereof.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">As a consequence of the payment patterns mentioned above, the Company's receivables primarily consist of receivables from voyages in progress at year-end and, to a lesser extent, of outstanding demurrage. For the past five years, the Company has not experienced any significant losses in respect of charter payments or any other freight agreements. With regard to the collection of demurrage, the Company's average stands at 97.0% (2016: 96.8%; 2015: 96%), which is considered to be satisfactory given the differences in interpretation of events. In 2017, demurrage represented 16.8% (2016: 15.0%; 2015: 17.7%) of the total freight revenues.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Excess liquidity is placed on deposit accounts with major banks with strong and acceptable credit ratings or invested in secure papers such as American or Danish government bonds. Cash is invested with the aim of getting the highest possible yield while maintaining a low counterparty risk and adequate liquidity reserves for possible investment opportunities or to withstand a sudden drop in freight rates.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Derivative financial instruments and commodity instruments</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;
 text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">In 2017, 65% (2016: 93%; 2015: 100%) of TORM's forward freight agreements (FFAs) and fuel swaps were cleared through NASDAQ, effectively reducing counterparty credit risk by daily clearing of balances. Over-the-counter fuel swaps have restrictively been entered into with major oil companies, banks or highly reputed partners with a satisfactory credit rating. TORM also trades FX and interest derivatives. All such derivatives were done with investment grade counterparties..</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">FINANCIAL RISKS</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Financial risks relate to the Company's financial position, financing and cash flows generated by the business, including foreign exchange risk and interest rate risk. The Company's liquidity and capital resources are described in Note 2.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">FOREIGN EXCHANGE RISK</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">TORM uses USD as its functional currency because the majority of the Company's transactions are denominated in USD. The foreign exchange risk is thereby limited to cash flows not denominated in USD. The primary risk relates to transactions denominated in DKK, EUR and SGD and relates to administrative and operating expenses.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">The part of the Company's expenses that are denominated in currencies other than USD accounts for approximately 98% (2016: 99%; 2015: 98%) for administrative expenses and approximately 25% (2016: 27%; 2015: 26%) for operating expenses.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">Approximately 62% (2016: 74%, 2015: 55%) of TORM's administrative and operating expenses in DKK and EUR in 2018 are hedged through FX forward contracts. TORM assumes identical currency risks arising from exposures in DKK and EUR.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">SENSITIVITY TO CHANGES IN THE USD/DKK AND USD/EUR EXCHANGE RATE</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">All things being equal, a change in the USD/DKK and USD/EUR exchange rate of 10% would result in a change in profit before tax and equity as follows:</font></p>
<table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0">
<tr>
<td style="border-bottom: black 1px solid; text-align: left; width: 1095px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">USDm</font></td>
<td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2018</font></td>
<td style="border-bottom: black 1px solid; text-align: right; width: 155px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2017</font></td>
<td style="border-bottom: black 1px solid; text-align: right; width: 154px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2016</font></td>
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<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;"
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<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
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<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Effect of a 10% increase of DKK and EUR:</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Changes in profit before tax</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-2.5</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-1.7</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-2.8</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Changes in equity</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-2.5</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-1.7</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-2.8</font></td>
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<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">INTEREST RATE RISK</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">TORM's interest rate risk generally relates to interest-bearing mortgage debt and bank loans. All of the Company's loans for financing vessels are denominated in USD, and all are floating rate loans. At the end of 2017, TORM has fixed 63% of the interest exposure for 2018 (2016: 68%; 2015: 65%). The fixing is a result of floating rate loans, where USD 3 or 6 months Libor were fixed in 2017 into 2018 and interest hedging through interest rate swaps.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">SENSITIVITY TO CHANGES IN INTEREST RATES</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">All things being equal, a change in the interest rate level of 1%-point would result in a change in the interest rate expenses as follows:</font></p>
<table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0">
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<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">USDm</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2018</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2017</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2016</font></td>
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<tr>
<td style="text-align: left; width: 1095px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Effect of a 1%-point increase in interest rates:</font></td>
<td style="text-align: right; width: 155px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; width: 155px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
<td style="text-align: right; width: 154px; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">&#160;</font></td>
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<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Changes in profit before tax</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-3.2</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-2.5</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;"
 size="2">-3.3</font></td>
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<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Changes in equity</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">3.6</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">6.8</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">9.5</font></td>
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<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">TORM's interest-bearing debt increased from year-end 2016 to year-end 2017 by USD 47m (2016: decrease of USD 95m; 2015: increase of USD 639m) to USD 719m (2016: USD 672m; 2015: USD 767m).</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">LIQUIDITY RISK</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">TORM's strategy is to ensure continuous access to funding sources by maintaining a robust capital structure and a close relationship with several financial partners. As of 31 December 2017, TORM's loan portfolio was spread across nine different banks.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">As of 31 December 2017, TORM maintains a liquidity reserve of USD 134m in cash, combined with USD 75m in undrawn revolving credit facilities. Cash is only placed in banks with a high credit rating.</font></p>
<div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times;" size="2">For further information on contractual obligations, including a maturity analysis, please refer to Note 18.</font></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797539232">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>FINANCIAL INSTRUMENTS<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text"><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 21 &#8211; FINANCIAL INSTRUMENTS</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Categories of financial assets and liabilities (USDm):</div></td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Quoted<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>prices<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>(level 1)</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Observable<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>input<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>(level 2)</div></td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Unobservable<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>input<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>(level 3)</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Fair value<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>Total</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Amortized cost</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Carrying value</div></td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">2017:</div></td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Loans and receivables</div></td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt;
 font-size: 10pt;">Freight receivables</div></td><td style="background-color: #ffffff; width: 68px; vertical-align:
 bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">71.3</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">71.3</div></td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Other receivables</div></td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;7.6</div></td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;7.6</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;4.2</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;11.8</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Cash and cash equivalents</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">134.2</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">134.2</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Total</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;7.6</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;7.6</div></td><td style="border-bottom: #000000 2px solid;
 background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;">&#160;&#160;209.7</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">217.3</div></td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Financial liabilities</div></td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Mortgage debt and bank loans</div></td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#178;</font>&#8318;</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;720.9</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;720.9</div></td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Finance lease liabilities</div></td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;28.2</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;28.2</div></td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Trade payables</div></td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right;
 font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif;
 font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;26.2</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;26.2</div></td></tr><tr style="height: 14px;"><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Other liabilities</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.2</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.2</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;34.0</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;33.8</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Total</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.2</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.2</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;809.3</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">809.1</div></td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">2016:</div></td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align:
 bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif;
 font-size: 10pt;">Loans and receivables</div></td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Freight receivables</div></td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;62.5</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;62.5</div></td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Other receivables</div></td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;3.3</div></td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;3.3</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;4.8</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; 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background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;76.0</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;76.0</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family:
 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Total</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;3.3</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;3.3</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">143.3</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">146.6</div></td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; 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width: 68px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#178;</font>&#8318;</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;669.6</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;669.6</div></td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Finance lease liabilities</div></td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">13.6</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">13.6</div></td></tr><tr><td style="background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Trade payables</div></td><td style="background-color: #ffffff; width: 68px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman',
 times, serif; margin-left: 6.25pt; font-size: 10pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;28.5</div></td><td style="background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;28.5</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Other liabilities</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;4.8</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 132px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;4.8</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 113px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;28.3</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">33.1</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 645px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Total</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 68px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 112px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; 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 initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">&#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;Due to the short maturity, the carrying value is considered to be an appropriate expression of the fair value.</div></td></tr><tr><td style="width: 1407px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">&#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;See note 15.</div></td></tr></table><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">There have been no transfers between level 1 and 2.</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">FAIR VALUE HIERARCHY FOR FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE IN THE BALANCE SHEET</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Below shows the fair value hierarchy for financial instruments measured at fair value in the balance sheet. 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 style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; margin-bottom: 6pt; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;" class="dspflisttable" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 18pt;"></td><td style="width: 18pt; font-family: symbol, serif; font-size: 10pt; vertical-align: top;">&#183;</td><td
 style="text-align: left; width: auto; vertical-align: top;"><div style="font-family: 'times new roman', times, serif; font-size: 10pt;">Level 3 fair value measurements are those derived from valuation techniques that include input for the asset or liability that are not based on observable market data (unobservable input)</div></td></tr></table></div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">METHODS AND ASSUMPTIONS IN DETERMINING FAIR VALUE OF FINANCIAL INSTRUMENTS</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Derivative part of other receivables and other payables</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The fair value of derivatives in other receivables and other payables is measured using accepted valuation methods with input variables such as yield curves, forward curves, spreads, etc. The valuation methods discount the future fixed and estimated cash flows and valuation of any option elements.</div><span></span>
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<td class="text"><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 22 &#8211; RELATED PARTY TRANSACTIONS</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company's ultimate controlling party is Oaktree Capital Group, LLC, a limited liability company incorporated in the USA. The immediate controlling shareholder is Njord Luxco.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Shareholders' contribution and dividends paid are disclosed in the consolidated statement of changes in equity.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The remuneration of key management personnel, which consists of the Board of Directors and the Executive Director, is disclosed in Note 4.</div><span></span>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6825424560">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>NON-CURRENT ASSETS SOLD DURING THE YEAR<br></strong></div></th>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory', window );">NON-CURRENT ASSETS SOLD DURING THE YEAR</a></td>
<td class="text"><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 23 &#8211; NON-CURRENT ASSETS SOLD DURING THE YEAR</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">During 2017, TORM sold eight vessels, of which four were delivered to the new owners during 2017, one vessel is expected to be delivered in Q1 2018 (presented as "assets held-for-sale" as of 31 December 2017) and the remaining three vessels were sold and leased back to TORM as finance leases. The sales resulted in a profit from sale of vessels of USD 2.8m and an impairment on sold or held-for-sale vessels of USD 3.6m.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">There was no sale of vessels in 2016.</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">During 2015, TORM sold its two remaining bulk vessels for USD 18m in connection with the wind-down of the Company's bulk activities. Both vessels were delivered to the new owners during 2015. The sales did not result in any gain or losses.</div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for non-current assets held for sale and discontinued operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2017-01-01<br> -Section Presentation and disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=5&amp;date=2017-03-01&amp;anchor=sect_Presentationanddisclosure&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6821962960">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CASH FLOWS<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfCashFlowStatementExplanatory', window );">CASH FLOWS</a></td>
<td class="text"><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 24 &#8211; CASH FLOWS</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">USDm</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Reversal of other non-cash movements:</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Amortization of acquired assets and liabilities</div></td><td style="background-color: #ffffff; 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width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.0</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Equity transactions expensed in relation to the Corporate Reorganization</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-6.4</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr style="height: 12px;"><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Other adjustments</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right;
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text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">USDm</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; 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width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-1.6</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-6.1</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;15.6</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Change in receivables</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-12.4</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;18.1</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;6.1</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Change in prepayments</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-1.4</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.7</div></td><td style="background-color: #ffffff; width: 180px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.9</div></td></tr><tr><td style="background-color: #ffffff; width: 867px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif;
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ENTITIES IN THE GROUP<br></strong></div></th>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutConsolidatedStructuredEntitiesExplanatory', window );">ENTITIES IN THE GROUP</a></td>
<td class="text"><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 25 &#8211; ENTITIES IN THE GROUP</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Entity</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Country</div></td><td style="padding-bottom: 2px; background-color: #ffffff; width: 236px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: top;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; 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Ltd&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8310;&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Singapore</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Singapore Njord Holdings Knut Pte. Ltd&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8310;&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Singapore</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Singapore Njord Holdings Valdemar Pte. Ltd&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8310;&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Singapore</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Singapore Njord Holdings Agnete, Pte. Ltd</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Singapore</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Singapore Njord Holdings Alexandra, Pte. Ltd</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Singapore</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Singapore Njord Holdings Anabel, Pte. Ltd&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8310;&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Singapore</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Singapore Njord Holdings Arawa Pte. Ltd&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8310;&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Singapore</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Singapore Njord Holdings Leif Pte. Ltd&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8310;&#8318;</font></div></td><td style="background-color: #ffffff;
 width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Singapore</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right;
 font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Singapore Njord Holdings Rolf Pte. Ltd&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8309;&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Singapore</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr></table><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Investments in subsidiaries&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8312;&#8318;</font>&#160;- continued:</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;">&#160;</td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Entity</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Country</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Ownership&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8311;&#8318;</font></div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Holdings Mrs Inc.</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Marshall Islands</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Njord Anne Inc.</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Marshall Islands</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Njord Freya Inc.</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Marshall Islands</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Njord Gerd Inc.</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Marshall Islands</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Njord Gertrud Inc.</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Marshall Islands</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Njord Gunhild Inc.</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new
 roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Marshall Islands</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Njord Helene Inc.</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Marshall Islands</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Njord Helvig Inc.</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Marshall Islands</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Njord Ingeborg Inc.</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Marshall Islands</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Njord Mary Inc.</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Marshall Islands</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Njord Ragnhild Inc.</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Marshall Islands</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Njord Thyra Inc.</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Marshall Islands</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Njord Valborg Inc.</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Marshall Islands</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OCM Njord Vita Inc.</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Marshall Islands</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">OMI Holding Ltd. &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8310;&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align:
 bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Mauritius</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new
 roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Torghatten &amp; TORM Shipowning ApS &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8309;&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Denmark</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">TORM Brasil Consultoria em Transporte Maritimo LTDA. &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8308;&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Brazil</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">TORM Crewing Service Ltd.&#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Bermuda</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">TORM Shipping India Private Limited &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">India</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 935px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">TORM Singapore Pte. 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 font-size: 10pt;">Denmark</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr></table><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps:
 normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><br />&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Investments in subsidiaries&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8312;&#8318;</font>&#160;- continued:</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;">&#160;</td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 934px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Entity</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Country</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Ownership&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8311;&#8318;</font></div></td></tr><tr><td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">VesselCo 2 Pte. Ltd. &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;<sup style="line-height: 1; font-size: smaller; vertical-align: text-top;">4</sup><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></font>&#160;</div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Singapore</div></td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">VesselCo 3 K/S &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Denmark</div></td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">VesselCo 4 Pte. 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 style="background-color: #ffffff; width: 934px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">VesselCo 7 Pte. Ltd. &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Singapore</div></td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">VesselCo 8 Pte. 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Ltd. &#179;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Singapore</div></td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">TORM Shipping (Phils.), Inc. &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Philippines</div></td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">25%</div></td></tr><tr><td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">VesselCo A ApS &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Denmark</div></td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="background-color: #ffffff; width: 934px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">VesselCo C ApS &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size:
 10pt;">Denmark</div></td><td style="background-color: #ffffff; width: 237px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 934px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">VesselCo E ApS &#179;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 236px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt;
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INC where voting rights are 100%.</div></td></tr><tr><td style="background-color: #ffffff; width: 1407px; vertical-align: bottom;" colspan="3"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">8) All subsidiaries are consolidated in full.</div><div>&#160;</div></td></tr></table><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The table below shows the registered addresses for the companies mentioned above:</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 90%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 352px; vertical-align:
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>EARNINGS PER SHARE &amp; DIVIDEND PER SHARE<br></strong></div></th>
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<td class="text"><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 26 &#8211; EARNINGS PER SHARE &amp; DIVIDEND PER SHARE</div><div style="widows: 2; text-transform: none; background-color: #ffffff; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="widows: 2; text-transform: none; 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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>BUSINESS COMBINATIONS IN 2015<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsExplanatory', window );">BUSINESS COMBINATIONS IN 2015</a></td>
<td class="text"><p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">NOTE 27 &#8212; BUSINESS COMBINATIONS IN 2015</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">TORM A/S' Restructuring was completed on 13 July 2015 and included inter alia a contribution by OCM Njord Holdings S.&#224;.r.l. ("Njord Luxco") of its 100% owned subsidiary Njord to TORM A/S in exchange for a controlling interest in TORM A/S.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">Following the implementation of the Restructuring, Njord Luxco, held 61.99% of the voting rights (excluding the voting rights attached to the C Share) in TORM A/S, and its subsidiaries, including Njord and Njord's subsidiaries (the "Combined Group"), and controlled the Combined Group in accordance with IFRS 10 "Consolidated financial statements", as it controlled the majority of the voting rights in the Combined Group. Accordingly, the contribution of Njord by Njord Luxco in exchange for a controlling interest in the Combined Group was accounted for as a reverse acquisition in accordance with IFRS 3, "Business Combinations", which means that for financial reporting purposes, Njord was considered the accounting acquirer and the continuing reporting entity.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">Consequently, the consolidated financial statements of TORM following the Restructuring were a continuation of the financial statements of Njord as the reporting continuing entity, despite TORM A/S being the legal acquirer and the continuing publicly listed company.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">Njord's purchase price for a controlling interest in TORM A/S is calculated as the fair value of the interest in Njord that the existing shareholders and warrant holders of TORM A/S would have received, had the business combination of TORM A/S and Njord not been a reverse acquisition. The value is based on the value agreed between TORM A/S, Njord Luxco and certain of TORM A/S' pre- Restructuring shareholders and lenders for the purposes of determining the ownership interest in TORM A/S obtained by Njord Luxco in exchange for the contribution of Njord.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">Goodwill that arose in the combination related to the benefit of expected synergies from combining operations of the acquiree and the acquirer. These benefits were not recognized separately from goodwill, because they did not meet the recognition criteria for identifiable intangible assets.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">The freight and other receivables acquired with a total fair value of USD 60.0m had a gross contractual amount of USD 61.9m. The best estimate at the acquisition date of the contractual cash flows not to expected to be collected is USD 1.9m.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">No acquisition-related costs were incurred.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; margin-bottom: 0px; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">Since the acquisition date, revenue of USD 390.8m and profit for the period ended 31 December 2015 of USD 88.2m are included in the consolidated income statement in 2015.</font></p>
<p style="text-align: left; widows: 2; text-transform: none; font-style: normal; margin-top: 0px; text-indent: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: medium; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;
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<table style="widows: 2; text-transform: none; text-indent: 0px; width: 100%; font-family: 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0">
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Assets acquired and liabilities assumed in the business combination at fair value</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; width: 1440px; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; width: 123px; vertical-align: top;"><font size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">USDm</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Tangible fixed assets</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">859.9</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Investment in joint ventures</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">0.3</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Bunkers</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">27.8</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Freight receivables</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">53.4</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Other receivables</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">6.6</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Prepayments</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">10.6</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Cash and cash equivalents</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">77.5</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Deferred tax liabilities</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">-45.1</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Mortgage debt and bank loans</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">-560.7</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Finance lease liabilities</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">-13.5</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Trade payables</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">-27.3</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Current tax liabilities</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">-1.4</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Other liabilities</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">-29.7</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Time charter contracts</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">-1.6</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Deferred income</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">-0.4</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Net assets acquired</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">356.4</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">Goodwill</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">11.4</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">Consideration (purchase price)</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">367.8</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Of which:</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">&#160;</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font size="2">Shares</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">349.8</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">Warrants</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">18.0</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">367.8</font></td>
</tr>
</table><span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for business combinations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Section Disclosures<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=sect_Disclosures&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6826332400">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS (Policies)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfAccountingPoliciesCriticalAccountingEstimatesAndJudgementsAbstract', window );"><strong>Disclosure Of Accounting Policies Critical Accounting Estimates And Judgements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DescriptionOfAccountingPolicyForPrinciplesOfConsolidationExplanatoryPolicyTextBlock', window );">Consolidation principles</a></td>
<td class="text"><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Consolidation principles</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The consolidated financial statements comprise the financial statements of the Parent Company, TORM plc, and entities controlled by the Company and its subsidiaries. Control is achieved when the Company:</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">has the power over the investee; and</font></div><div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">is exposed, or has the right to variable returns from involvement with the investee; and</font></div><div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">has the ability to use its power to affect its returns</font></div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company should reassess whether it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">When the Company has less than a majority of the voting rights of an investee, it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities unilaterally. The Company considers all facts and circumstances in assessing whether or not the Company's voting rights in an investee are sufficient to give it power, including:</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">the size of the Company's holding of voting rights relative to the size and dispersion of holdings of the other vote holders</font></div><div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">potential voting rights held by the Company, other vote holders or other
 parties</font></div><div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">rights arising from other contractual arrangements, and</font></div><div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">any additional facts and circumstances that indicate that the Company has, or does not have, the current ability to direct the relevant activities at the time when decisions need to be made, including voting pattern at previous shareholders' meetings</font></div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Entities in which the Group exercises significant but not controlling influence are regarded as associated companies and are accounted for using the equity method.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Companies which are managed jointly by agreement with one or more companies and therefore are subject to joint control (joint ventures) are accounted for using the equity method.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and ends when the Company loses control over the subsidiary. Specifically, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated income statement and other comprehensive income from the date on which the Company obtains control until the date when the Company loses control over the subsidiary.</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The consolidated financial statements are prepared on the basis of the financial statements of the Parent Company, its subsidiaries and the Company's share of the income statement and balance sheet of joint operations by combining items of a uniform nature and eliminating intercompany transactions, balances and shareholdings as well as realized and unrealized gains and losses on transactions between the consolidated entities. The financial statements used for consolidation purposes are prepared in accordance with the Company's accounting policies.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The consolidated financial statements following a reverse acquisition are issued under the name of the legal parent (accounting acquiree) but as a continuation of the financial statements of the legal subsidiary (accounting acquirer). The accounting
 acquirer's
 legal capital is adjusted retrospectively to reflect the legal capital of the accounting acquiree. Comparative information is adjusted accordingly.</div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory', window );">Business combinations</a></td>
<td class="text"><div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2">Business combinations</font></div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2">Newly acquired or formed entities are recognized in the consolidated financial statements from the date of acquisition or formation. The date of acquisition is the date on which control over the entity is effectively transferred.</font></div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2">&#160;</font></div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2">Business combinations are accounted for by applying the purchase method, whereby the acquired entities' identifiable assets, liabilities and contingent liabilities are measured at fair value at the acquisition date. The tax effect of the revaluation activities is also taken into account. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the amount of that adjustment is included in the cost of the combination if the event is probable and the adjustment can be measured reliably. Costs of issuing debt or equity instruments in connection with a business combination are accounted for together with the debt or equity issuance. All other costs associated with the acquisition are expensed in the income statement.</font></div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2">&#160;</font></div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2">In reverse acquisitions the purchase price of a business combination is measured as the fair value of the consideration agreed upon. The purchase price in a reverse acquisition is calculated as the fair value of the interest in the accounting acquirer that the existing shareholders of the accounting acquiree would have received, had the business combination not been a reverse acquisition.</font></div>
<br /><font style="font-family: times new roman,times; ; font-family: times new roman,times;" size="2">The excess of the cost of the business combination over the fair value of the acquired assets, liabilities and contingent liabilities is recognized as goodwill under intangible assets and is tested for impairment at least once every year. Upon acquisition, goodwill is allocated to the cash generating units, which subsequently form the basis for the impairment test. If the fair value of the acquired assets, liabilities and contingent liabilities exceeds the cost of the business combination, the identification of assets and liabilities and the processes of measuring the fair value of the assets and liabilities and the cost of the business combination are reassessed. If the fair value of the business combination continues to exceed the cost, the resulting gain is recognized in the income statement.</font></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory', window );">Foreign currencies</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Foreign currencies</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The functional currency of all significant entities, including subsidiaries and associated companies, is United State dollars (USD), because the Company's vessels operate in international shipping markets, in which income and expenses are settled in USD, and because the Companies most significant assets and liabilities in the form of vessels and related liabilities are denominated in USD. Transactions in currencies other than the functional currency are translated into the functional currency at the transaction date. Cash, receivables and payables and other monetary items denominated in currencies other than the functional currency are translated into the functional currency at the exchange rate at the balance sheet date. Gains or losses due to differences between the exchange rate at the transaction date and the exchange rate at the settlement date or the balance sheet date are recognized in the income statement under "Financial income" and "Financial expenses".</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">An exchange rate gain or loss relating to a non-monetary item carried at fair value is recognized in the same line as the fair value adjustment.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The reporting currency of the Company is USD. Upon recognition of entities with functional currencies other than USD, the financial statements are translated into USD. Income statement items are translated into USD at the average exchange rates for the year, whereas balance sheet items are translated at the exchange rates as of the balance sheet date. Exchange differences arising from the translation of financial statements into USD are recognized as a separate component through other comprehensive income. On the disposal of an entity, the cumulative amount of the exchange differences recognized in the separate component of equity relating to that entity is transferred to the income statement as part of the gain or loss on disposal.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory', window );">Derivative financial instruments</a></td>
<td class="text"><div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Derivative financial instruments</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Derivative financial instruments, primarily forward currency exchange contracts, forward freight agreements and forward contracts regarding bunker purchases, are entered to hedge future committed or anticipated transactions. TORM applies hedge accounting under the specific rules on cash flow hedges when appropriate.</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Derivative financial instruments are initially recognized in the balance sheet at fair value at the date when the derivative contract is entered into and are subsequently measured at their fair value as other receivables or other liabilities, respectively.</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Changes in the fair value of derivative financial instruments that are designated as cash flow hedges and deemed to be effective are recognized directly in "Other comprehensive income". When the hedged transaction is recognized in the income statement, the cumulative value adjustment recognized in "Other comprehensive income" is transferred to the income statement and included in the same line as the hedged transaction. However, when the hedged transaction results in the recognition of a fixed asset, the gains and losses previously accumulated in "Other comprehensive income" are transferred from "Other comprehensive income" and included in the initial measurement of the cost of the fixed asset. Changes in the fair value of a portion of a hedge deemed to be ineffective are recognized in the income statement.</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Changes in the fair value of derivative financial instruments that are not designated as hedges are recognized in the income statement. While effectively reducing cash flow risk in accordance with the Company's risk management policy, interest rate swaps with cap features and certain forward freight agreements and forward contracts regarding bunker purchases do not qualify for hedge accounting. Changes in fair value of these derivate financial instruments are therefore recognized in the income statement under "Financial income" or "Financial expenses" for interest rate swaps with cap features, under "Revenue" for forward freight agreements and under "Port expenses, bunkers and commissions" for forward bunker contracts.</div>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory', window );">Segment information</a></td>
<td class="text"><div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">Segment information</div>
<div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">In 2015, TORM consisted of two business segments: The Tanker Segment and Bulk Segment. Due to divestment of the Bulk Segment during 2015, only the Tanker Segment remains for 2016 and 2017.</div>
<div style="widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The segmentation is based on the Group's internal management and reporting structure. In the Tanker Segment, the services provided primarily comprise transportation of refined oil products such as gasoline, jet fuel and naphtha.</div>
<div style="widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The Group has only one geographical segment, because the Company considers the global market as a whole, and as the individual vessels are not limited to specific parts of the world. Furthermore, the internal management reporting does not provide such information. Consequently, it is not possible to provide geographical segment information on revenue from external customers or non-current segment assets.</div>
<div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">
<div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The segment income statement comprises income and expenses which are directly attributable to the segment. Not allocated items primarily comprise assets and liabilities as well as revenues and expenses relating to the Company's administrative functions and investment activities, including cash and bank balances, interest-bearing debt, income tax, deferred tax, etc.</div>
<div style="widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div>
<div style="text-align: left; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; font-family: 'times new roman', times, serif; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 10pt; font-weight: 400; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">The accounting policies applied for the segments regarding recognition and measurement are consistent with the policies for TORM as described in this note.</div>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory', window );">Employee benefits</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Employee benefits</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Wages, salaries, social security contributions, holiday and sick leave, bonuses and other monetary and non-monetary benefits are recognized in the year in which the employees render the associated services. Please also refer to the accounting policy for share-based payment.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DescriptionOfAccountingPolicyForPensionPlanExplanatoryPolicyTextBlock', window );">Pension plans</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Pension plans</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Group has entered into defined contribution plans only. Pension costs related to defined contribution plans are recorded in the income statement in the year to which they relate.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory', window );">Leases</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Leases</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Agreements to charter in vessels and to lease other plant and operating equipment for which TORM substantially has all the risks and rewards of ownership are recognized in the balance sheet as finance leases. Lease assets are measured at the lower of fair value and the present value of minimum lease payments determined in the leases.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">For the purpose of calculating the present value, the interest rate implicit in the lease or an incremental borrowing rate is used as discount factor. The lease assets are depreciated and written down under the same accounting policy as the vessels owned by the Company or over the lease period depending on the lease terms.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The corresponding lease obligation is recognized as a liability in the balance sheet, and the interest element of the lease payment is charged to the income statement as incurred.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other charter agreements concerning vessels and other leases are classified as operating leases, and lease payments are charged to the income statement on a straight-line basis over the lease term. The obligation for the remaining lease term is disclosed in the notes to the financial statements.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Agreements to charter out vessels for which substantially all the risks and rewards of ownership are transferred to the lessee are classified as finance leases, and an amount equal to the net investment in the lease is recognized and presented in the balance sheet as a receivable. The carrying amount of the vessel is derecognized, and any gain or loss on disposal is recognized in the income statement. Other agreements to charter out vessels are classified as operating leases, and lease income is recognized in the income statement on a straight-line basis over the lease term.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue', window );">Revenue</a></td>
<td class="text"><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Revenue</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Income is recognized in the income statement when:</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">The income generating activities have been carried out on the basis of a binding agreement</font></div><div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">The income can be measured reliably</font></div><div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">It is probable that the economic benefits associated with the transaction will flow to the Company</font></div><div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Costs relating to the transaction can be measured reliably</font></div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Revenue comprises freight, charter hire and demurrage revenues from the vessels and gains and losses on forward freight agreements designated as hedges. Revenue is recognized when it meets the general criteria mentioned above, and when the stage of completion can be measured reliably. Accordingly, freight, charter hire and demurrage revenue are recognized at selling price upon delivery of the service as per the charter parties concluded.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Cross-over voyages</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Revenue is recognized upon delivery of services in accordance with the terms and conditions of the charter parties. For cross-over voyages (voyages in progress at the end of a reporting period), the uncertainty and the dependence on estimates are greater than for finalized voyages. The Company recognizes a percentage of the estimated revenue for the voyage equal to the percentage of the estimated duration of the voyage completed at the balance sheet date. The estimate of revenue is based on the expected duration and destination of the voyage. Voyage expenses are recognized as incurred.</div><div style="color:
 #000000;
 text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">When recognizing revenue, there is a risk that the actual number of days it takes to complete the voyage will differ from the estimate, and for time charter parties a lower day rate may have been agreed for additional days. The contract for a single voyage may state several alternative destination ports. The destination port may change during the voyage, and the rate may vary depending on the destination port. Changes to the estimated duration of the voyage as well as changing destinations and weather conditions will affect the voyage expenses.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Demurrage revenue</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Freight contracts contain conditions regarding the amount of time available for loading and discharging of the vessel. If these conditions are breached, TORM is compensated for the additional time incurred in the form of demurrage revenue. Demurrage revenue is recognized upon delivery of services in accordance with the terms and conditions of the charter parties. Upon completion of the voyage, the Company assesses the time spent in port, and a demurrage claim based on the relevant contractual conditions is submitted to the charterers.</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The claim will often be met by counterclaims due to differences in the interpretation of the agreement compared to the actual circumstances of the additional time used. Based on previous experience, 95% of the demurrage claim submitted is recognized as demurrage revenue upon initial recognition. The Company receives the demurrage payment upon reaching final agreement on the amount, which on average is approximately 100 days after the original demurrage claim was submitted. Any adjustments to the final agreement are recognized as demurrage revenue.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Port expenses, bunkers and commissions</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Port expenses, bunker fuel consumption and commissions are recognized as incurred. Gains and losses on forward bunker contracts designated as hedges and write-down and provisions for losses on freight receivables are included in this
 line.</div><div style="color:
 #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Freight and bunker derivatives</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Freight and bunker derivatives comprise fair value adjustments and gains and losses on forward freight agreements, forward bunker contracts and other derivative financial instruments directly relating to shipping activities which are not designated as hedges. The freight and bunker derivatives that qualify for hedge accounting are recognized in Revenue and Port expense, bunkers and commissions respectively, as the hedging instrument is realized.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Charter hire</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Charter hire comprises expenses related to the chartering in of vessels under operating leases which have been incurred in order to achieve the net revenue for the year.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory', window );">Operating expenses</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Operating expenses</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Operating expenses, which comprise crew expenses, repair and maintenance expenses and tonnage duty, are expensed as incurred.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Profit from sale of vessels</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Profit from sale of vessels is recognized when the significant risks and rewards of ownership have been transferred to the buyer, representing the difference between the sales price less cost to sell and the carrying value of the vessel.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Administrative expenses</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Administrative expenses, which comprise administrative staff costs, management costs, office expenses and other expenses relating to administration, are expensed as incurred.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other operating expenses</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other operating expenses primarily comprise chartering commissions and management fees paid to commercial and technical managers for managing the fleet and to a lesser extent profits and losses deriving from the disposal of other plant and operating equipment.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DescriptionOfAccountingPolicyForDepreciationAndImpairmentLossExplanatory', window );">Depreciation and impairment losses</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Depreciation and impairment losses</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Depreciation and impairment losses comprise depreciation of tangible fixed assets for the year as well as the write-down of the value of assets by the amount by which the carrying amount of the asset exceeds its recoverable amount. In the event of indication of impairment, the carrying amount is assessed, and the value of the asset is written down to its recoverable amount equal to the higher of value in use based on net present value of future earnings from the assets and its fair value less cost to sell.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory', window );">Financial income</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Financial income</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Financial income comprises interest income, realized and unrealized exchange rate gains relating to transactions in currencies other than the functional currency, realized gains from other equity investments and securities, unrealized gains from securities, dividends received and other financial income including value adjustments of certain financial instruments not accounted for as hedges of future transactions.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Interest is recognized in accordance with the accrual basis of accounting taking into account the effective interest rate. Dividends from other investments are recognized when the right to receive payment has been decided, which is typically when the dividend has been declared and can be received without conditions.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory', window );">Financial expenses</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Financial expenses</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Financial expenses comprise interest expenses, financing costs of finance leases, realized and unrealized exchange rate losses relating to transactions in currencies other than the functional currency, realized losses from other equity investments and securities, unrealized losses from securities and other financial expenses including value adjustments of certain financial instruments not accounted for as hedges of future transactions.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Interest is recognized in accordance with the accrual basis of accounting taking into account the effective interest rate.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory', window );">Tax</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Tax</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Tax expenses comprise the expected tax including tonnage tax on the taxable income for the year for the Group, adjustments relating to previous years and the change in deferred tax for the year. However, tax relating to items in other comprehensive income is recognized directly in the statement of other comprehensive income.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory', window );">Goodwill</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Goodwill</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Goodwill is measured as the excess of the cost of the business combination over the fair value of the acquired assets, liabilities and contingent liabilities and is recognized as an asset under intangible assets. Goodwill is not amortized as it is considered to have an indefinite useful life, but the recoverable amount of goodwill is assessed at least once a year. For impairment testing purposes, goodwill is on initial recognition allocated to the cash generating unit expected to benefit from the synergies of the combination. If the recoverable amount of the cash generating unit is less than the carrying amount of the unit, the impairment loss is first allocated to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss for goodwill is not reversed in a subsequent period.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory', window );">Vessels</a></td>
<td class="text"><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Vessels</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Vessels are measured at cost less accumulated depreciation and accumulated impairment losses. Cost comprises acquisition cost and costs directly related to the acquisition up until the time when the asset is ready for use, including interest expenses incurred during the period of construction based on the loans obtained for the vessels. All major components of vessels except for dry-docking costs are depreciated on a straight-line basis to the estimated residual value over their estimated useful lives, which TORM estimates to be 25 years. The Company considers that a 25-year depreciable life is consistent with what is used by other shipowners with comparable tonnage. Depreciation is based on cost less the estimated residual value. Residual value is estimated as the lightweight tonnage of each vessel multiplied by scrap value per ton. The useful life and the residual value of the vessels are reviewed at least at each financial year-end based on market conditions, regulatory requirements and the Company's business plans.</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company also evaluates the carrying amounts to determine if events have occurred that indicate impairment and would require a modification of the carrying amounts. Prepayment on vessels is measured at costs incurred.</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Dry-docking</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Approximately every 30 and 60 months, depending on the nature of work and external requirements, the vessels are required to undergo planned dry-dockings for replacement of certain components, major repairs and major maintenance of other components, which cannot be carried out while the vessels are operating. These dry-docking costs are capitalized and depreciated on a straight-line basis over the estimated period until the next dry-docking. The residual value of such components is estimated at nil. The useful life of the dry-docking costs is reviewed at least at each financial year-end based on market conditions, regulatory requirements and TORM's business plans.</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">A portion of the cost of acquiring a new vessel is allocated to the components expected to be replaced or refurbished at the next dry-docking. Depreciation hereof is carried over the period until the next dry-docking. For newbuildings, the initial dry-docking asset is estimated based on the expected costs related to the first-coming dry-docking, which again is based on experience and past history of similar vessels. For second-hand
 vessels, a dry-docking asset is also segregated and capitalized separately, taking into account the normal docking intervals of the vessels.</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">At subsequent dry-dockings, the costs comprise the actual costs incurred at the dry-docking yard. Dry-docking costs may include the cost of hiring crews to carry out replacements and repairs, the cost of parts and materials used, cost of travel, lodging and supervision of Company personnel as well as the cost of hiring third-party personnel to oversee a dry-docking. Dry-docking activities include, but are not limited to, the inspection, service on turbocharger, replacement of shaft seals, service on boiler, replacement of hull anodes, applying of anti-fouling and hull paint, steel repairs as well as refurbishment and replacement of other parts of the vessel.</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other plant and operating equipment</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Operating equipment is measured at cost less accumulated depreciation.</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Computer equipment is depreciated on a straight-line basis over three years, and other operating equipment is depreciated on a straight-line basis over five years.</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Leasehold improvements are measured at cost less accumulated amortization and impairment losses, and leasehold improvements are amortized on a straight-line basis over the shorter of the term of the lease and the estimated useful life. Cost comprises acquisition cost and costs directly related to the acquisition up until the time when the asset is ready for use.<br />&#160;</div>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForInvestmentsInJointVentures', window );">Investments in joint ventures</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Investments in joint ventures</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Investments in joint ventures comprise investments in companies which by agreement are managed jointly with one or more companies and therefore are subject to joint control and in which the parties have rights to the net assets of the joint venture. Joint ventures are accounted for using the equity method. Under the equity method, the investment in joint ventures is initially recognized at cost and thereafter adjusted to recognize TORM's share of the profit or loss in the joint venture. When TORM's share of losses in a joint venture exceeds the investment in the joint venture, TORM discontinues recognizing its share of further losses. Additional losses are recognized only to the extent that TORM has incurred legal or constructive obligations or made payments on behalf of the joint venture.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory', window );">Financial assets</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Financial assets</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Financial assets are initially recognized at the settlement date at fair value plus transaction costs, except for financial assets at fair value through profit or loss, which are recognized at fair value. Financial assets are derecognized when the rights to receive cash flows from the assets have expired or have been transferred.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Financial assets are classified as:</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Financial assets at fair value through profit or loss</font></div><div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Loans and receivables</font></div><div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Available-for-sale financial assets</font></div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory', window );">Other investments</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other investments</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other investments comprise shares in other companies and are classified as available-for-sale. Listed shares are measured at the market value at the balance sheet date, and unlisted shares are measured at estimated fair value. Unrealized gains and losses resulting from changes in fair value of shares are recognized in "Other comprehensive income". Realized gains and losses resulting from sales of shares are recognized as "Financial income" or "Financial expenses" in the income statement. The cumulative value adjustment recognized in "Other comprehensive income" is transferred to the income statement when the shares are sold. Dividends on shares in other companies are recognized as "Financial income" in the period in which they are declared.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other investments are presented as non-current, unless Management intends to dispose of the investments within 12 months from the balance sheet date.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory', window );">Receivables</a></td>
<td class="text"><div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Receivables</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Outstanding freight receivables and other receivables that are expected to be realized within 12 months from the balance sheet date are classified as loans and receivables and presented as current assets.</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Receivables are measured at the lower of amortized cost and net realizable values, which corresponds to nominal value less provision for bad debts. Derivative financial instruments included in other receivables are measured at fair value.</div>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DescriptionOfAccountingPolicyForProvisionForBadDebtExplanatoryPolicyTextBlock', window );">Provisions for bad debt</a></td>
<td class="text"><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Provisions for bad debt</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Provision for bad debt is defined as the write off of certain accounts receivable assessed as being uncollectible. The assessment is based on historical experience and on an individual basis.</div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory', window );">Impairment of assets</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Impairment of assets</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Non-current assets are reviewed at least annually to determine any indication of impairment due to a significant decline in either the assets' market value or in the cash flows generated by the assets. In case of such indication, the recoverable amount of the asset is estimated as the higher of the asset's fair value less costs to sell and its value in use. The value in use is the present value of the future cash flows expected to derive from a cash generating unit, utilizing a pre-tax discount rate that reflects current market estimates of the time value of money and the risks specific to the unit for which the estimates of future cash flows have not been adjusted. If the recoverable amount is less than the carrying amount of the cash generating unit, the carrying amount is reduced to the recoverable amount. The impairment loss is recognized immediately in the income statement. Where an impairment loss subsequently reverses, the carrying amount of the cash generating unit is increased to the revised estimate of the recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined, had no impairment loss been recognized in prior years.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">For the purpose of assessing impairment, assets and time charter- and bareboat contracts are grouped at the lowest levels at which impairment is monitored for internal management purposes. There were two cash generating units in 2015, the Tanker Segment and the Bulk Segment. In 2017 and 2016, there was only one cash generating unit as the Bulk Segment was wound down in 2015.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories', window );">Bunkers</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Bunkers</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Bunkers and luboil are stated at the lower of cost and net realizable value. Cost is determined using the FIFO method and includes expenditures incurred in acquiring the bunkers and luboil and delivery cost less discounts.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory', window );">Assets held-for-sale</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Assets held-for-sale</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Assets are classified as held-for-sale if the carrying amount will be recovered principally through a sales transaction rather than through continuing use. This condition is regarded as met only when the asset is available for immediate sale in its present condition subject to terms that are usual and customary for sales of such assets, and when its sale is highly probable. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one year from the date of classification.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Assets held-for-sale are measured at the lower of their previous carrying amount and fair value less costs to sell.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Gains are recognized on delivery to the new owners in the income statement in the item "Profit from sale of vessels". Anticipated losses are recognized at the time the asset is classified as held-for-sale in the item "Impairment losses on tangible and intangible assets".</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory', window );">Treasury shares</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">Treasury shares</font></div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font size="2">Treasury shares are recognized as a separate component of equity at cost. Upon subsequent disposal of treasury shares, any consideration is also recognized directly in equity.</font></div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory', window );">Share-based payments</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Share-based payments</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Group makes equity settled share-based payments to certain employees, which are measured at fair value at the date of grant and expensed on a straight-line basis over the vesting period, based on the Group's estimate of shares that will eventually vest. The fair value of the share schemes is calculated using the Black Scholes method at grant date.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForDividendsExplanatory', window );">Dividend</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Dividend</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Dividend is recognized as a liability at the time of declaration. Dividend proposed for the year is moved from "Retained profit" and presented as a separate component of equity.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory', window );">Provisions</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Provisions</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Provisions are recognized when the Company has a legal or constructive obligation as a result of past events, and when it is probable that this will lead to an outflow of resources that can be reliably estimated. Provisions are measured at the estimated liability that is expected to arise, taking into account the time value of money.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory', window );">Deferred tax</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Deferred tax</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. In addition, the deferred tax also constitutes the reserve in relation to the transition balance in connection with the Danish tonnage tax scheme.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realized, based on the laws that have been enacted by the balance sheet date. The deferred tax is charged through the income statement except when it relates to other comprehensive income items.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory', window );">Mortgage debt and bank loans</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Mortgage debt and bank loans</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">At the time of borrowing, mortgage debt and bank loans are measured at fair value less transaction costs. Mortgage debt and bank loans are subsequently measured at amortized cost. This means that the difference between the net proceeds at the time of borrowing and the nominal amount of the loan is recognized in the income statement as a financial expense over the term of the loan applying the effective interest method.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">When terms of existing financial liabilities are renegotiated, or other changes regarding the effective interest rate occur, TORM performs a test to evaluate whether the new terms are substantially different from the original terms. If the new terms are substantially different from the original terms, TORM accounts for the change as an extinguishment of the original financial liability and the recognition of a new financial liability. TORM considers the new terms to be substantially different from the original terms if the present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective interest rate, is at least 10% different from the discounted present value of the remaining cash flows of the original financial liability.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatoryPolicyTextBlock', window );">Other liabilities</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other liabilities</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Other liabilities are generally measured at amortized cost. Derivative financial instruments included in other liabilities are measured at fair value.</div></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForCashFlowsExplanatory', window );">CASH FLOW STATEMENT</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">CASH FLOW STATEMENT</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The cash flow statement shows the Company's cash flows as well as cash and cash equivalents at the beginning and the end of the period.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Cash flow from operating activities is presented using the indirect method and is based on net profit/(loss) for the year adjusted for tax, financial income and expenses, net profit/(loss) from sale of vessels, non-cash operating items, changes in working capital, income tax paid, dividends received and interest paid/received.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Cash flow from investing activities comprises the purchase and sale of tangible fixed assets and financial assets as well as cash from business combinations.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Cash flow from financing activities comprises changes in long-term debt, bank loans, finance lease liabilities, purchases or sales of treasury shares and dividend paid to shareholders.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Cash and cash equivalents comprise cash at bank and in hand including restricted cash. Other investments are classified as investing activities.</div></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory', window );">EARNINGS PER SHARE</a></td>
<td class="text"><div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">EARNINGS PER SHARE</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Basic earnings per share is calculated by dividing the consolidated net profit/(loss) for the year available to common shareholders by the weighted average number of common shares outstanding during the period. Treasury shares are not included in the calculation. Purchases of treasury shares during the period are weighted based on the remaining period.</div><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Diluted earnings per share is calculated by adjusting the consolidated profit or loss available to common shareholders and the weighted average number of common shares outstanding for the effects of all potentially dilutive shares. Such potentially dilutive common shares are excluded when the effect of including them would be to increase earnings per share or reduce a loss per share.</div></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory', window );">CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS</a></td>
<td class="text"><div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The preparation of financial statements in accordance with IFRS requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and assumptions are affected by the way TORM applies its accounting policies. An accounting estimate is considered critical if the estimate requires Management to make assumptions about matters subject to significant uncertainty, if different estimates could reasonably have been used, or if changes in the estimate that would have a material impact on the Company's financial position or results of operations are reasonably likely to occur from period to period. Management believes that the accounting estimates applied are appropriate and the resulting balances are reasonable. However, actual results could differ from the original estimates requiring adjustments to these balances in future periods.</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Management believes that the following are the significant accounting estimates and judgements used in the preparation of the consolidated financial statements:</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">ACCOUNTING ESTIMATES</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Carrying amounts of vessels</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company evaluates the carrying amounts of the vessels (including newbuildings) to determine if events have occurred that would require a modification of their carrying amounts. The valuation of vessels is reviewed based on events and changes in circumstances that would indicate that the carrying amount of the assets might not be recoverable. In assessing the recoverability of the vessels, the Company reviews certain indicators of potential impairment such as reported sale and purchase prices, market demand and general market conditions. Furthermore, market valuations from leading, independent and internationally recognized shipbrokers are obtained on a quarterly basis as part of the review for potential impairment indicators. If an indication of impairment is identified, the need for recognizing an impairment loss is assessed by comparing the carrying amount of the vessels to the higher of the fair value less cost to sell and the value in use.</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing:
 normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The review for potential impairment indicators and projection of future discounted cash flows related to the vessels is complex and requires the Company to make various estimates including future freight rates, utilization, earnings from the vessels, future operating and capital expenditure and discount rates. For more information on key assumptions and related sensitivities, please refer to note 8 in these financial statements. All these factors have been historically volatile. The carrying amounts of TORM's vessels may not represent their fair market value at any point in time, as market prices of second-hand vessels to a certain degree tend to fluctuate with changes in charter rates and the cost of newbuildings. However, if the estimated future cash flow or related assumptions in the future experience change, an impairment write-down or reversal of vessels may be required.</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">JUDGEMENTS</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Reverse acquisition</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">TORM's Restructuring was completed on 13 July 2015 and included inter alia a contribution by OCM Njord Holdings S.&#224; r.l. ("Njord Luxco") of Njord to TORM in exchange for a controlling interest in TORM. The transaction is described in detail in note 27. Management has concluded that the contribution should be accounted for as a reverse acquisition according to IFRS 3 (Revised 2008) &#8211; Business Combinations ("IFRS 3"), i.e. Njord is the acquirer and Former TORM is the acquiree. Management's most significant judgements applying to the accounting policies relate to:</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Identification of the acquirer</font></div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: -18pt; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; margin-left: 36pt; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: symbol, serif; font-size: 10pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">Calculation of consideration</font></div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style:
 initial; text-decoration-color: initial;">Identification of the acquirer</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">IFRS 3 requires that the determination of the acquirer shall be determined based on the guidance in IFRS 10 &#8211; "Consolidated Financial Statements", which means that the acquirer will be the entity that obtains control over the acquiree. The acquirer in a business combination will therefore most often be the entity (Former TORM A/S) legally acquiring the other (Njord) in exchange for cash, other assets or in exchange for issuing its equity interests. However, IFRS 3 states that in some cases the accounting acquirer can be the entity that is legally being acquired, i.e. Njord. The latter is typically the case when the former shareholder (Njord Luxco) of the entity whose shares are being acquired (Njord) owns the majority of shares and controls the majority of votes in the combined entity (TORM) after the transaction.</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Following the transaction, Njord Luxco had control with the majority of the share capital and associated votes of Former TORM A/S, which led Management to conclude that the transaction is to be accounted for as a reverse acquisition, i.e. as if Former TORM A/S has been acquired by Njord rather than Former TORM A/S acquiring Njord.</div>
<div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Calculation of consideration</div>
<div style="text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Based on the provision of IFRS 3, Njord's purchase price for a controlling interest in Former TORM A/S is calculated as the fair value of the interest in Njord that the existing shareholders and warrant holders in Former TORM A/S would have received, had the business combination of Former TORM A/S and Njord not been a reverse acquisition. As the issued shares of Former TORM A/S were publicly traded, Management considered whether the fair value of Former TORM A/S would have been a more reliable measure of the consideration. Management believes that the fair value of the interest in Njord that would have been issued represented the fair value of the consideration more reliably than the share price of Former TORM A/S. The share price of Former TORM A/S was very volatile during the period before the Restructuring due to the significant uncertainty about Former TORM A/S' future as an independent group.</div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for available-for-sale financial assets. [Refer: Financial assets available-for-sale]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
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<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for business combinations. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForCashFlowsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for cash flows.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForCashFlowsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<tr>
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<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for deferred income tax. [Refer: Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for derivative financial instruments. [Refer: Financial instruments, class [member]; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForDividendsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for dividends. Dividends are distributions of profits to holders of equity investments in proportion to their holdings of a particular class of capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForDividendsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for earnings per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for employee benefits. Employee benefits are all forms of consideration given by an entity in exchange for services rendered by employees or for the termination of employment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for finance costs. [Refer: Finance costs]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForFinanceCostsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for finance income and costs. [Refer: Finance income (cost)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for financial assets. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for foreign currency translation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for goodwill. [Refer: Goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
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<tr>
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<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for the impairment of assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
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<td><strong> Data Type:</strong></td>
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<tr>
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<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for income tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForInvestmentsInJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for investments in joint ventures. [Refer: Joint ventures [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForInvestmentsInJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for leases. A lease is an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for measuring inventories. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 36<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_36_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for non-current assets or disposal groups classified as held for sale. [Refer: Non-current assets or disposal groups classified as held for sale]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for property, plant and equipment. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for provisions. [Refer: Provisions]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
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<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for recognising revenue. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2017-03-02&amp;anchor=para_35_a&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for segment reporting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for transactions in which the entity: (a) receives goods or services from the supplier of those goods or services (including an employee) in a share-based payment arrangement; or (b) incurs an obligation to settle the transaction with the supplier in a share-based payment arrangement when another group entity receives those goods or services. [Refer: Share-based payment arrangements [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for trade and other receivables. [Refer: Trade and other receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for treasury shares. [Refer: Treasury shares]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of judgements that management has made in the process of applying the entity's accounting policies that have the most significant effect on amounts recognised in the financial statements along with information about the assumptions that the entity makes about the future, and other major sources of estimation uncertainty at the end of the reporting period, that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next year. [Refer: Carrying amount [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for depreciation and impairment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for otherl liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for pension plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-1.0</div>
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<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 956px; vertical-align: bottom; border-top-color: #000000; border-bottom-color: #000000; border-top-width: 2px; border-bottom-width: 2px; border-top-style: solid; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USDm</div></td><td style="width: 199px; vertical-align: bottom; border-top-color: #000000; border-bottom-color: #000000; border-top-width: 2px; border-bottom-width: 2px; border-top-style: solid; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="width: 198px; vertical-align: bottom; border-top-color: #000000; border-bottom-color: #000000; border-top-width: 2px; border-bottom-width: 2px; border-top-style: solid; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="width: 198px; vertical-align: bottom; border-top-color: #000000; border-bottom-color: #000000; border-top-width: 2px; border-bottom-width: 2px; border-top-style: solid; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Total staff costs</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Staff costs included in operating expenses</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">9.2</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">9.9</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">9.7</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Staff costs included in administrative expenses</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">34.6</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;31.0</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;14.2</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">43.8</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">40.9</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">23.9</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Staff costs comprise the following</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Wages and salaries</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;">36.4</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">32.3</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">22.4</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Share-based compensation</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.9</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.0</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Pension costs</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;3.1</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">3.6</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.4</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Other social security costs</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.3</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.4</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;0.1</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Other staff costs</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;2.1</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.6</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">43.8</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">40.9</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">23.9</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Average number of permanent employees</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Seafarers</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-right: 5.65pt;">&#160;130.6</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size:
 10pt; margin-right: 5.65pt;">&#160;137.0</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">65.0</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Land-based</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">286.6</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;269.1</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;133.0</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;417.2</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;406.1</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;198.0</div></td></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduleOfTerminationBenefitsByTitleOfIndividualTableTextBlock', window );">Schedule of termination benefits by title of individual</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 956px; vertical-align: bottom; border-top-color: #000000; border-bottom-color: #000000; border-top-width: 2px; border-bottom-width: 2px; border-top-style: solid; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USD '000</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8309;&#8318;</font></div></td></tr><tr><td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;" colspan="4"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Non-Executive Board and Committee Remuneration, Short term</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Cheam Directors Limited &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;3</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Christopher H. Boehringer</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;290</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;237</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;88</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Kari Millum Gardarnar &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#179;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;&#8308;&#8318;</font></div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">31</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Rasmus Johannes Hoffmann &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#179;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;29</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Flemming Ipsen &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align:
 bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size:
 10pt; margin-right: 5.65pt;">&#160;&#160;38</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Olivier Dubois &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">17</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Alexander Green &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">19</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Jon Syvertsen &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">19</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">David Weinstein</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">174</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;131</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;48</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Torben Janholt</div></td><td style="width: 199px; vertical-align: bottom; 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margin-right: 5.65pt;">174</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">158</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;58</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Jeffery Stein &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#179;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom;
 border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;">&#160;&#160;7</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">812</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;657</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;405</div></td></tr></table><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;" colspan="4"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">&#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;Former member of the Board of Directors of Njord. Left the Board of Directors due to the reverse acquisition on 13 July 2015.</div></td></tr><tr><td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;" colspan="4"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">&#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;Former member of the Board of Directors of Former TORM A/S. Resigned on 25 August 2015.</div></td></tr><tr><td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;" colspan="4"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">&#179;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;Took up position as Board Observer of TORM plc.</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><sup style="line-height: 1; font-size: smaller; vertical-align: text-top;">4)</sup>&#160;R</font>esigned as Board Observer as of 31 July 2017.</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;" colspan="4"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8309;&#8318;</font>&#160;The 2015 figures represent amounts earned subsequent to the Restructuring on 13 July 2015.</div></td></tr></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduleOfKeyManagementPersonnelCompensationTableTextBlock', window );">Schedule of key management personnel compensation</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 745px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USD '000</div></td><td style="width: 161px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Salary</div></td><td style="width: 161px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Taxable benefits</div></td><td style="width: 161px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Annual performance bonus</div></td><td style="width: 161px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Transaction bonus</div></td><td style="width: 162px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; 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font-size: 10pt;">Jacob Meldgaard</div></td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 162px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 745px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">2015, TORM A/S&#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">362</div></td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;19</div></td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;144</div></td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">345</div></td><td style="width: 162px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">870</div></td></tr><tr><td style="width: 745px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">2016, TORM A/S - restated &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;&#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">834</div></td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;41</div></td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">559</div></td><td style="width: 161px; vertical-align: bottom; 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border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 161px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 161px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 162px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;81</div></td></tr></table><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 745px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">&#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;Paid by legal entity as noted.</div></td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 161px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 162px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 1551px; vertical-align: bottom;" colspan="6"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">&#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;The 2016 figures have been restated in order to include the figure for the annual bonus for 2016 as this was finalised and subsequently paid in 2017. No value was shown in the 2016 annual report. The total annual performance bonus of the Executive Director of TORM plc for 2016. arising in the period 1 January 2016 to 31 December 2016 was DKK 3.758.700 (USD 559t).</div></td></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory', window );">Schedule of staff costs</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">&#160;</td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">RSU LTIP grant</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Exercise price per share &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">RSU grant value assuming 100% vesting</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">LTIP element of Jacob Meldgaard's remuneration package 2017:</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Jacob Meldgaard &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1,276,273</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;DKK 96.3</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;USD 3.4m</div></td></tr></table><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&#160;</div><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -7.1pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 7.1pt;">&#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;Exercise price originally DKK 96.3. Subsequently adjusted 13 December 2016 to DKK 93.6 due to dividend payment</div><div style="text-align: left; text-indent: -7.1pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 7.1pt;">in September 2016. Further adjusted in December 2017 to DKK 93.5 due to dividend payment in September 2017.</div></td></tr><tr><td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -7.1pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 7.1pt;">&#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;LTIP award is fixed by the Board of Directors and was communicated via company announcement no. 2 of 18</div></td></tr></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduleOfReconciliationNumberOfOtherEquityAInstrumentsTableTextBlock', window );">Schedule of reconciliation number of other equity instruments</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Number of shares (1,000)</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Outstanding 1 January</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1,999.8</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Granted during the period</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">866.6</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2,127.4</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Exercised during the period</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Expired during the period</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-233.9</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Forfeited during the period</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-21.3</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-127.6</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div
 style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Outstanding
 31 December</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;2,611.2</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1,999.8</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Exercisable 31 December</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">255.3</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">538.9</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr></table><span></span>
</td>
</tr>
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<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents Disclosure of staff cost.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The tabular disclosure of key management personnel compensation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the tabular disclosure for reconciliation of number of other equity instruments (ie other than share options) outstanding in share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6613337824">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>REMUNERATION TO AUDITORS APPOINTED AT THE PARENT COMPANY'S ANNUAL GENERAL MEETING (Tables)<br></strong></div></th>
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<td class="text">&#160;<span></span>
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<tr style="height: 15.75pt;">
<td style="background-color: white; width: 519pt; height: 15.75pt; border: #f0f0f0;" class="xl63" height="21" width="692"><font style="font-family: times new roman,times;" size="2">Audit fees</font></td>
<td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64">&#160;</td>
<td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64">&#160;</td>
<td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64">&#160;</td>
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<tr style="height: 15pt;">
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<td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl67" width="64"><font style="font-family: times new roman,times;" size="2">0.4</font></td>
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<tr style="height: 15.75pt;">
<td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="21" width="692"><font style="font-family: times new roman,times;" size="2">Audit of the Company's subsidiaries pursuant to legislation</font></td>
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<td style="background-color: white; width: 519pt; height: 15.75pt; border: #f0f0f0;" class="xl64" height="21" width="692">&#160;</td>
<td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64">&#160;</td>
<td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64">&#160;</td>
<td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64">&#160;</td>
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<td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64">&#160;</td>
<td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64">&#160;</td>
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<td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="21" width="692"><font style="font-family: times new roman,times;" size="2">Other services</font></td>
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<td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"><font style="font-family: times new roman,times;" size="2">0.2</font></td>
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<td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 16.5pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="22" width="692"><font style="font-family: times new roman,times;" size="2">Total non-audit fees</font></td>
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<td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 48pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="64"><font style="font-family: times new roman,times;" size="2">&#160;1.0</font></td>
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<tr style="height: 15.75pt;">
<td style="background-color: white; width: 519pt; height: 15.75pt; border: #f0f0f0;" class="xl64" height="21" width="692">&#160;</td>
<td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64">&#160;</td>
<td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64">&#160;</td>
<td style="background-color: white; width: 48pt; border: #f0f0f0;" class="xl64" width="64">&#160;</td>
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<td style="border-bottom: black 1.5pt solid; border-left: #f0f0f0; background-color: white; width: 519pt; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="21" width="692"><font style="font-family: times new roman,times;" size="2">Total</font></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6609756448">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INTANGIBLE ASSETS (Tables)<br></strong></div></th>
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<td style="text-align: left; vertical-align: top;">&#160;</td>
<td style="text-align: right; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom;">&#160;</td>
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<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">USDm</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">2017</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">2016</td>
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<tr>
<td style="text-align: left; vertical-align: top;">Goodwill</td>
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<td style="text-align: right; vertical-align: bottom;">&#160;</td>
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<td style="text-align: left; vertical-align: top;">&#160;</td>
<td style="text-align: right; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom;">&#160;</td>
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<td style="text-align: left; vertical-align: top;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">11.4</td>
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<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">Balance as of 31 December</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">11.4</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">11.4</td>
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<td style="text-align: left; vertical-align: top;">&#160;</td>
<td style="text-align: right; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom;">&#160;</td>
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<td style="text-align: left; vertical-align: top;">Balance as of 1 January</td>
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<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">Impairment losses for the year</td>
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<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-</td>
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<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">Balance as of 31 December</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-11.4</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-11.4</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-</td>
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<td style="text-align: left; vertical-align: top;">&#160;</td>
<td style="text-align: right; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom;">&#160;</td>
<td style="text-align: right; vertical-align: bottom;">&#160;</td>
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<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the reconciliation of changes in intangible assets and goodwill. [Refer: Intangible assets and goodwill]</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6745418656">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>TANGIBLE FIXED ASSETS (Tables)<br></strong></div></th>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797574272">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>FINANCIAL ITEMS (Tables)<br></strong></div></th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USDm</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="width: 198px; 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vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.7</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.8</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.7</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.3</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">3.0</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.0</div></td></tr><tr><td style="width: 956px; 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 5.65pt;">&#160;15.0</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Exchange rate adjustments, including loss from forward exchange rate contracts</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">3.2</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.6</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.6</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Other financial expenses</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;4.1</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">5.2</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; 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font-size: 10pt; margin-left: 6.25pt;">Total financial items</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-36.3</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-34.5</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-15.9</div></td></tr><tr><td style="width: 956px; 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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797911104">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>FREIGHT RECEIVABLES (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory', window );">Schedule of individually determined to be impaired to a value</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USDm</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Analysis as of 31 December of freight receivables:</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Neither past due nor impaired</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">25.5</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">28.7</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">40.3</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Past due not impaired:</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Due before 30 days</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">26.0</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;13.0</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">22.8</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Due between 30 and 180 days</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;18.4</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;18.7</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;16.4</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Past due and impaired:</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Due after 180 days</div></td><td style="width:
 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color:
 #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.7</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.7</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">5.3</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total gross</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">72.6</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">65.1</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">84.8</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Provision for impairment of freight receivables</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.3</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.6</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.7</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total net</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;71.3</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">62.5</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;83.1</div></td></tr></table><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduleOfMovmentInProvisionsForImpairmentOfFreightReceivablesTableTextBlock', window );">Schedule of movment in provisions for impairment of freight receivables</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USDm</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Provisions for impairment of Freight receivables</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Balance as of 1 January</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.6</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.7</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Addition from business combinations</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.9</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Provisions for the year</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.6</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.9</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.5</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Provisions reversed during the year</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-1.9</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-1.0</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-0.7</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Balance as of 31 December</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.3</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif;
 font-size: 10pt; margin-right: 5.65pt;">2.6</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color:
 #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.7</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr></table><span></span>
</td>
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<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of financial assets that are either past due or impaired. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_37&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents freight receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_FreightReceivablesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ScheduleOfMovmentInProvisionsForImpairmentOfFreightReceivablesTableTextBlock">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the tabular disclosure of movements in provisions for impairment of freight receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ScheduleOfMovmentInProvisionsForImpairmentOfFreightReceivablesTableTextBlock</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6692146208">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>OTHER RECEIVABLES (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduleOfOtherCurrentReceivablesTableTextBlock', window );">Schedule of other current receivables</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 1154px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USDm</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td></tr><tr><td style="width: 1154px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Partners and commercial managements</div></td><td style="width: 199px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.5</div></td></tr><tr><td style="width: 1154px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Derivative financial instruments</div></td><td style="width: 199px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">7.6</div></td><td style="width: 198px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">3.3</div></td></tr><tr><td style="width: 1154px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Tax receivables</div></td><td style="width: 199px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.3</div></td><td style="width: 198px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;1.1</div></td></tr><tr><td style="width: 1154px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Other</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.9</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">3.2</div></td></tr><tr><td style="width: 1154px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Balance as of 31 December</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;11.8</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;8.1</div></td></tr></table><span></span>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherReceivablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherReceivablesAbstract</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the tabular disclosure of other current receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6692793856">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>TAX (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfIncomeTaxAbstract', window );"><strong>Disclosure Of Income Tax [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduleOfIncomeTaxTableTextBlock', window );">Schedule of income tax</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USDm</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Tax for the year</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Current tax for the year</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.0</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.2</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.3</div></td></tr><tr style="height: 17px;"><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Adjustments related to previous years</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.1</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-0.3</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-0.2</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Adjustment of deferred tax asset</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.1</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.1</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.1</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.8</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">0.8</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.0</div></td></tr></table><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDeferredTaxesExplanatory', window );">Schedule of deferred taxes</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USDm</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Deferred tax liability</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Balance at 1 January</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">45.0</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;45.1</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Addition from business combination</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">45.2</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Deferred tax for the year</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.1</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.1</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.1</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Balance as of 31 December</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">44.9</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">45.0</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;45.1</div></td></tr></table><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets]</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the tabular disclosure for income taxes.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797515712">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>COMMON SHARES &amp; TREASURY SHARES (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract', window );"><strong>Disclosure of classes of share capital [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory', window );">Schedule of purposes due to the corporate reorganization, the common shares</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 770px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Common shares</div></td><td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015</div></td></tr><tr><td style="width: 770px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Number of shares</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Number of shares</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Number of shares</div></td></tr><tr><td style="width: 770px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">A-shares</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">62,298,846</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">62,298,846</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">63,836,249</div></td></tr><tr><td style="width: 770px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">B-shares</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1</div></td></tr><tr><td style="width: 770px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">C-shares</div></td><td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1</div></td><td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1</div></td><td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1</div></td></tr><tr><td style="width: 770px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total</div></td><td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">62,298,848</div></td><td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">62,298,848</div></td><td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;63,836,251</div></td></tr><tr><td style="width: 770px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduleOfTreasuryShareTransactionsTableTextBlock', window );">Schedule of treasury share transactions</a></td>
<td class="text"><table style="width: 100%;" border="0" cellspacing="0">
<tr>
<td style="width: 70%; text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">Treasury shares</td>
<td style="width: 10%; text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">2017</td>
<td style="width: 10%; text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">2016</td>
<td style="width: 10%; text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">2015</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;">Number of shares ('000)</td>
<td style="text-align: right; vertical-align: bottom;"></td>
<td style="text-align: right; vertical-align: bottom;"></td>
<td style="text-align: right; vertical-align: bottom;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;">Balance as of 1 January</td>
<td style="text-align: right; vertical-align: bottom;">312.9</td>
<td style="text-align: right; vertical-align: bottom;">15.3</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;">Additions</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
<td style="text-align: right; vertical-align: bottom;">312.9</td>
<td style="text-align: right; vertical-align: bottom;">15.3</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;">Cancellations</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
<td style="text-align: right; vertical-align: bottom;">-15.3</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;">Disposals</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">Balance as of 31 December</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">312.9</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">312.9</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">15.3</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: bottom;"></td>
<td style="text-align: right; vertical-align: bottom;"></td>
<td style="text-align: right; vertical-align: bottom;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;">Nominal value USDm</td>
<td style="text-align: right; vertical-align: bottom;"></td>
<td style="text-align: right; vertical-align: bottom;"></td>
<td style="text-align: right; vertical-align: bottom;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;">Balance as of 1 January</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;">Additions</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;">Cancellations</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">Disposals</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">Balance as of 31 December</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: bottom;"></td>
<td style="text-align: right; vertical-align: bottom;"></td>
<td style="text-align: right; vertical-align: bottom;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;">% of share capital</td>
<td style="text-align: right; vertical-align: bottom;"></td>
<td style="text-align: right; vertical-align: bottom;"></td>
<td style="text-align: right; vertical-align: bottom;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;">Balance as of 1 January</td>
<td style="text-align: right; vertical-align: bottom;">0.5</td>
<td style="text-align: right; vertical-align: bottom;">0.2</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;">Additions</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
<td style="text-align: right; vertical-align: bottom;">0.5</td>
<td style="text-align: right; vertical-align: bottom;">0.2</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;">Cancellations</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
<td style="text-align: right; vertical-align: bottom;">-0.2</td>
<td style="text-align: right; vertical-align: bottom;">-</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">Disposals</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">-</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style:
 solid;">-</td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">Balance as of 31 December</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">0.5</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">0.5</td>
<td style="text-align: right; vertical-align: bottom; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;">0.2</td>
</tr>
</table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfClassesOfShareCapitalAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of classes of share capital. [Refer: Share capital [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_79_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory</td>
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<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the tabular disclosure of treasury share transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ScheduleOfTreasuryShareTransactionsTableTextBlock</td>
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<head>
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<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797616832">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>OTHER LIABILITIES (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfOtherLiabilitiesAbstract', window );"><strong>Disclosure Of Other Liabilities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduleOfOtherLiabilitiesExplanatoryTableTextBlock', window );">Schedule of other liabilities</a></td>
<td class="text"><table style="width: 100%;" border="0" cellspacing="0">
<tr>
<td style="width: 80%; text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">USDm</font></td>
<td style="width: 10%; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2017</font></td>
<td style="width: 10%; text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2016</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Partners and commercial managements</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">1.4</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">2.0</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Accrued operating expenses</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">8.5</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">5.2</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Accrued interest</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">5.2</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">5.8</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Wages and social expenses</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">16.3</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">14.6</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Derivative financial instruments</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">4.8</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Payables to joint ventures</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.1</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.1</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">Other</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">2.3</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">0.5</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">Balance as of 31 December</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">33.8</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">33.0</font></td>
</tr>
</table><span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfOtherLiabilitiesAbstract">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6821861760">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>EFFECTIVE INTEREST RATE, OUTSTANDING MORTGAGE DEBT AND BANK LOANS (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduleOfEffectiveInterestRateOutstandingMortgageDebtAndBankLoansTableTextBlock', window );">Schedule of effective interest rate, outstanding mortgage debt and bank loans</a></td>
<td class="text"><table style="widows: 2; text-transform: none; background-color: #ffffff; text-indent: 0px; width: 100%; font-family: 'times new roman', times, serif; orphans: 2; letter-spacing: normal; font-size: 10pt; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="padding-bottom: 2px; background-color: #ffffff; width: 591px; vertical-align: bottom;">&#160;</td><td style="padding-bottom: 2px; background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 294px; vertical-align: bottom;" colspan="3"><div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;">2017</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 293px; vertical-align: bottom;" colspan="3"><div style="text-align: center; font-family: 'times new roman', times, serif; 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font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Maturity</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Effective<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>interest&#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Carrying<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>value&#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Maturity</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Effective<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>interest&#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Carrying<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>value&#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Maturity</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Effective<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>interest&#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Carrying<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>value&#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td></tr><tr><td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">LOAN</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;">&#160;</td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;">&#160;</td></tr><tr><td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">DSF Facility 1 (USD)</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Floating</div></td><td style="background-color: #ffffff; width: 97px;
 vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times,
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width: 97px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Floating</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2021</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">5.0%</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">400.8</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2021</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.6%</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">470.0</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2021</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.3%</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; 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width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">56.5</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2021</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.6%</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">62.2</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2021</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4,4%</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">66.6</div></td></tr><tr><td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family:
 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">DSF Facility 4 (USD)</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: left;
 text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Floating</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2022</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">5.1%</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">26.8</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2022</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.8%</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">30.0</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2019</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4,1%</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">26.0</div></td></tr><tr><td style="background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">TFA Facility 2 (USD)</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Floating</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2022</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">5.4%</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;115.0</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">N/A</div></td><td style="background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">N/A</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">N/A</div></td><td style="background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">N/A</div></td><td style="background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td></tr><tr><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 591px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">ING (USD)</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">Floating</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">2024</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.6%</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">45.8</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">N/A</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 99px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">N/A</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 97px; vertical-align: bottom;"><div style="text-align: right; text-indent: -6.25pt; font-family:
 'times new roman', times, serif; margin-left: 6.25pt; font-size: 10pt;">N/A</div></td><td style="border-bottom: #000000 2px solid; background-color: #ffffff; width: 98px; vertical-align: bottom;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONTRACTUAL OBLIGATIONS (Tables)<br></strong></div></th>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduleOfContractualObligationsByMaturitiesTableTextBlock', window );">Schedule of contractual obligations</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 586px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USDm</div></td><td style="width: 79px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">&#160;</td><td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; 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 vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;306.9</div></td></tr><tr><td style="width: 586px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Chartered-in vessels (operating lease)</div></td><td style="width: 79px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">&#8308;&#8318;</div></td><td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;2.9</div></td><td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 127px; vertical-align: bottom; 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margin-left: 6.25pt;">Other operating leases</div></td><td style="width: 79px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">&#8309;&#8318;</div></td><td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;2.5</div></td><td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1.8</div></td><td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;0.7</div></td><td style="width: 127px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;0.2</div></td><td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;5.2</div></td></tr><tr><td style="width: 586px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Trade payables and other obligations</div></td><td style="width: 79px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">&#160;</td><td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">51.5</div></td><td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;
 background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;
 background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-</div></td><td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">51.5</div></td></tr><tr><td style="width: 586px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total</div></td><td style="width: 79px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">&#160;</td><td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">331.3</div></td><td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;284.4</div></td><td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;112.3</div></td><td style="width: 127px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;370.0</div></td><td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">107.5</div></td><td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;30.3</div></td><td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1,235.8</div></td></tr></table><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">&#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;The presented amounts to be repaid do not include directly related costs arising from the issuing of the loans of USD 4.8m (2016: USD 2.0m), which are amortized over the term of the loans. Borrowing costs capitalized during the year amount to USD 3.5m (2016: USD 1.3m).</div></td></tr><tr><td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">&#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;Variable interest payments are estimated based on the forward rates for each interest period.</div></td></tr><tr><td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">&#179;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;As of 31 December 2017, TORM had ten contracted newbuildings (2016: four) to be delivered during 2018-2019.</div></td></tr><tr><td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8308;&#8318;</font>&#160;Leases have been entered into with a mutually non-cancellable lease period of up to eight years. Certain leases include a profit-sharing element implying that the actual charter hire may be higher. The average period until redelivery of the vessels is 0.5 years (2016: 0.9 years). The leasing expense for 2017 amounts to USD 8.5m (2016: USD 21.5m, 2015: USD 12.0m) and is recognized under "Charter hire".</div></td></tr><tr><td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8309;&#8318;</font>&#160;Other operating leases primarily consist of contracts regarding office spaces, cars and apartments as well as IT-related contracts. The leasing expense for 2017
 amounts to USD 2.3m (2016: USD 2.2m) and is recognized under "Administrative expenses".</div></td></tr></table><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory', window );">Schedule of reconciliation of liabilities arising from financing activities</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 790px; padding-bottom: 2px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 125px; padding-bottom: 2px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 259px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;" colspan="2"><div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;">Cash</div></td><td style="width: 251px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;" colspan="2"><div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;">Non-cash</div></td><td style="width: 126px; padding-bottom: 2px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 790px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USDm</div></td><td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Opening balance as of 1 January 2017</div></td><td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Borrowings</div></td><td style="width: 134px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Repayments</div></td><td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Changes in fair value</div></td><td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Other changes</div></td><td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">End balance as of 31 December 2017</div></td></tr><tr><td style="width: 790px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Mortgage debt</div></td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;669.6</div></td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">175.4</div></td><td style="width: 134px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-125.5</div></td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;0.7</div></td><td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;0.7</div></td><td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;720.9</div></td></tr><tr><td style="width: 790px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Financial lease</div></td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">13.6</div></td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;30.2</div></td><td style="width: 134px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-16.7</div></td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;0.6</div></td><td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;0.5</div></td><td style="width: 126px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;28.2</div></td></tr><tr><td style="width: 790px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Swaps, fair value hedging</div></td><td
 style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid;
 background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;2.0</div></td><td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 134px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-1.4</div></td><td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-0.6</div></td><td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td></tr><tr><td style="width: 790px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total</div></td><td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;685.2</div></td><td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;205.6</div></td><td style="width: 134px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-143.6</div></td><td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;0.7</div></td><td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">1.2</div></td><td style="width: 126px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">749.1</div></td></tr><tr><td style="width: 790px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorExplanatory', window );">Schedule of contractual rights</a></td>
<td class="text"><table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="width: 37.75%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USDm</div>
</td>
<td style="width: 5.06%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"></td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2018</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2019</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2020</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2021</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2022</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Thereafter</div>
</td>
<td style="width: 8.12%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Total</div>
</td>
</tr>
<tr>
<td style="width: 37.75%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Contractual rights - as lessor:</div>
</td>
<td style="width: 5.06%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 8.18%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 8.18%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 8.18%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 8.18%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 8.18%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 8.18%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 8.12%; vertical-align: bottom; background-color: #ffffff;"></td>
</tr>
<tr>
<td style="width: 37.75%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Charter hire income for vessels</div>
</td>
<td style="width: 5.06%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">&#8310;&#8318;</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">45.5</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.7</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
</td>
<td style="width: 8.12%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">50.2</div>
</td>
</tr>
<tr>
<td style="width: 37.75%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total</div>
</td>
<td style="width: 5.06%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"></td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000;
 border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">45.5</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">4.7</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
</td>
<td style="width: 8.18%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
</td>
<td style="width: 8.12%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">50.2</div>
</td>
</tr>
</table>
<div>&#160;</div>
<table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="width: 100%; vertical-align: bottom;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8310;&#8318;</font> Charter hire income for vessels on time charter and bareboat charter is recognized under "Revenue". The average period until redelivery of the vessels is 1.1 year (2016: 2.1 years).</div>
</td>
</tr>
</table><span></span>
</td>
</tr>
</table>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of finance leases and operating leases by the lessor.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 17<br> -IssueDate 2017-01-01<br> -Paragraph 47<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=17&amp;date=2017-03-02&amp;anchor=para_47&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 17<br> -IssueDate 2017-01-01<br> -Paragraph 56<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=17&amp;date=2017-03-02&amp;anchor=para_56&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the reconciliation of liabilities arising from financing activities. [Refer: Liabilities arising from financing activities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 44D<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_44D&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6821859008">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>DERIVATIVE FINANCIAL INSTRUMENTS (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfDerivativeFinancialInstrumentsTableTextBlock', window );">Schedule of disclosure of derivative financial instruments</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 1154px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USDm</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td></tr><tr><td style="width: 1154px; 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text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Forward exchange contracts</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;1.8</div></td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;-4.6</div></td></tr><tr><td style="width: 1154px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Interest rate swaps</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;5.1</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2.4</div></td></tr><tr><td style="width: 1154px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Fair value of derivatives as of 31 December</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; 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font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;0.0</div></td></tr><tr><td style="width: 509px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Forward exchange contracts</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 260px; 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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797705392">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td style="text-align: left; width: 1095px; vertical-align: top;"><font size="2">Decrease in freight rates of USD/day</font></td>
<td style="text-align: right; width: 155px; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; width: 155px; vertical-align: top;"><font size="2">&#160;</font></td>
<td style="text-align: right; width: 154px; vertical-align: top;"><font size="2">&#160;</font></td>
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<td style="text-align: right; vertical-align: top;"><font size="2">&#160;</font></td>
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<td style="text-align: left; vertical-align: top;"><font size="2">Changes in profit before tax</font></td>
<td style="text-align: right; vertical-align: top;"><font size="2">24.1</font></td>
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<td style="text-align: right; vertical-align: top;"><font size="2">26.7</font></td>
</tr>
<tr>
<td style="border-bottom: black 1px solid; text-align: left; vertical-align: top;"><font size="2">Changes in equity</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">24.1</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">25.0</font></td>
<td style="border-bottom: black 1px solid; text-align: right; vertical-align: top;"><font size="2">26.7</font></td>
</tr>
</table>
<div>&#160;</div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentPerTonIncreaseInBunkerPricesTableTextBlock', window );">Schedule of sensitivity analysis, impact of 10 percent per ton increase in bunker prices</a></td>
<td class="text"><table style="width: 80%;" border="0" cellspacing="0">
<tr>
<td style="width: 70%; text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">USDm</font></td>
<td style="width: 10%; text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">2018</font></td>
<td style="width: 10%; text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">2017</font></td>
<td style="width: 10%; text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">2016</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Increase in the bunker prices of 10% per ton:</font></td>
<td style="text-align: right; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Changes in profit before tax</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-18.3</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-15.6</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-12.8</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">Changes in equity</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">-18.3</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">-15.6</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">-12.8</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduleOfSensitivityAnalysisImpactOf10PercentChangeInExchangeRateTableTextBlock', window );">Schedule of sensitivity analysis, impact of 10 percent change in exchange rate</a></td>
<td class="text"><table style="width: 80%;" border="0" cellspacing="0">
<tr>
<td style="width: 70%; text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">USDm</font></td>
<td style="width: 10%; text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">2018</font></td>
<td style="width: 10%; text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">2017</font></td>
<td style="width: 10%; text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">2016</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Effect of a 10% increase of DKK and EUR:</font></td>
<td style="text-align: right; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Changes in profit before tax</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-2.5</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-1.7</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-2.8</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">Changes in equity</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">-2.5</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">-1.7</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">-2.8</font></td>
</tr>
</table><span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduleOfSensitivityAnalysisImpactOf1PercentPointIncreaseInInterestRateTableTextBlock', window );">Schedule of sensitivity analysis, impact of 1 percent point increase in interest rate</a></td>
<td class="text"><table style="width: 80%;" border="0" cellspacing="0">
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">USDm</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">2018</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">2017</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">2016</font></td>
</tr>
<tr>
<td style="width: 70%; text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Effect of a 1%-point increase in interest rates:</font></td>
<td style="width: 10%; text-align: right; vertical-align: top;"></td>
<td style="width: 10%; text-align: right; vertical-align: top;"></td>
<td style="width: 10%; text-align: right; vertical-align: top;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Changes in profit before tax</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-3.2</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-2.5</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-3.3</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">Changes in equity</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">3.6</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">6.8</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">9.5</font></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6799496000">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>FINANCIAL INSTRUMENTS (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfFaiRvalueMeasurementOfAssetsAndLiabilitiesTableTextBlock', window );">Schedule of fair value measurement of assets and liabilities</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Categories of financial assets and liabilities (USDm):</div></td><td style="width: 75px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Quoted<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>prices<font style="font-family: 'times new roman', times, serif; 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background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">2017:</div></td><td style="width: 75px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 146px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 75px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 146px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Loans and receivables</div></td><td style="width: 75px; 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font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new
 roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align:
 bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">71.3</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">71.3</div></td></tr><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Other receivables</div></td><td style="width: 75px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; 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border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 146px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">134.2</div></td><td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">134.2</div></td></tr><tr><td style="width: 709px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total</div></td><td style="width: 75px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;7.6</div></td><td style="width: 146px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;7.6</div></td><td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right:
 5.65pt;">&#160;&#160;209.7</div></td><td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right;
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vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 146px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Mortgage debt and bank loans</div></td><td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#178;</font>&#8318;</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;720.9</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;720.9</div></td></tr><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Finance lease liabilities</div></td><td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;28.2</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;28.2</div></td></tr><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Trade payables</div></td><td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td
 style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family:
 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;26.2</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;26.2</div></td></tr><tr style="height: 14px;"><td style="width: 709px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Other liabilities</div></td><td style="width: 75px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: 'times new roman', times, serif; 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 125px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 75px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color:
 #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 146px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Loans and receivables</div></td><td style="width: 75px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 146px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Freight receivables</div></td><td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; 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vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px;
 vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 125px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman',
 times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;76.0</div></td><td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;76.0</div></td></tr><tr><td style="width: 709px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Total</div></td><td style="width: 75px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; 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vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Financial liabilities</div></td><td style="width: 75px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 146px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Mortgage debt and bank loans</div></td><td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#178;</font>&#8318;</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;669.6</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;669.6</div></td></tr><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Finance lease liabilities</div></td><td style="width: 75px;
 vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div
 style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">13.6</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">13.6</div></td></tr><tr><td style="width: 709px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Trade payables</div></td><td style="width: 75px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#185;</font>&#8318;</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 146px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;-</div></td><td style="width: 125px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;28.5</div></td><td style="width: 124px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">&#160;&#160;28.5</div></td></tr><tr><td style="width: 709px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; 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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6826079824">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CASH FLOWS (Tables)<br></strong></div></th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 956px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USDm</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2015</div></td></tr><tr><td style="width: 956px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Reversal of other non-cash movements:</div></td><td style="width: 199px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 198px; vertical-align: bottom; 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vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USDm</div></td><td style="width: 199px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2017</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">2016</div></td><td style="width: 198px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; 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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6693260352">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ENTITIES IN THE GROUP (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory', window );">Schedule of of subsidiaries</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 1030px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Entity</div></td><td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Country</div></td><td style="width: 260px; padding-bottom: 2px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 1030px; vertical-align: top; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">TORM plc</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">United Kingdom</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr style="height: 17px;"><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Investments in subsidiaries&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8312;&#8318;</font>:</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 1030px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Entity</div></td><td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Country</div></td><td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; 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Ltd&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8310;&#8318;</font></div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Singapore Njord Holdings Knut Pte. Ltd&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8310;&#8318;</font></div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Singapore Njord Holdings Valdemar Pte. Ltd&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8310;&#8318;</font></div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Singapore Njord Holdings Agnete, Pte. Ltd</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Singapore Njord Holdings Alexandra, Pte. Ltd</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Singapore Njord Holdings Anabel, Pte. Ltd&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8310;&#8318;</font></div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Singapore Njord Holdings Arawa Pte. Ltd&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8310;&#8318;</font></div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Singapore Njord Holdings Leif Pte. Ltd&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8310;&#8318;</font></div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM
 Singapore Njord Holdings Rolf Pte. Ltd&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8309;&#8318;</font></div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif;
 font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr></table><div style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Investments in subsidiaries&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8312;&#8318;</font>&#160;- continued:</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 1030px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Entity</div></td><td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; 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vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Njord Anne Inc.</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Marshall Islands</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Njord Freya Inc.</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Marshall Islands</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Njord Gerd Inc.</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Marshall Islands</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Njord Gertrud Inc.</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Marshall Islands</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Njord Gunhild Inc.</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt;
 margin-left: 6.25pt;">Marshall Islands</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size:
 10pt; margin-left: 6.25pt;">OCM Njord Helene Inc.</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Marshall Islands</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Njord Helvig Inc.</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Marshall Islands</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Njord Ingeborg Inc.</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Marshall Islands</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Njord Mary Inc.</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Marshall Islands</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Njord Ragnhild Inc.</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; 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vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Njord Valborg Inc.</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Marshall Islands</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">OCM Njord Vita Inc.</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; 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 font-size: 10pt; margin-left: 6.25pt;">Denmark</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">TORM Brasil Consultoria em Transporte Maritimo LTDA. &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8308;&#8318;</font></div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Brazil</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">TORM Crewing Service Ltd.&#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Bermuda</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">TORM Shipping India Private Limited &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">India</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">TORM Singapore Pte. Ltd. &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">TORM USA LLC &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">USA</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">TT Shipowning K/S &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font>&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8309;&#8318;</font></div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Denmark</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">VesselCo 1 K/S &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Denmark</div></td><td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr></table><div
 style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-variant-ligatures: normal; font-variant-caps: normal;">&#160;</div><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color:
 #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Investments in subsidiaries&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8312;&#8318;</font>&#160;- continued:</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 1030px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Entity</div></td><td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Country</div></td><td style="width: 261px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Ownership&#160;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8311;&#8318;</font></div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">VesselCo 2 Pte. Ltd. &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;<sup style="line-height: 1; font-size: smaller; vertical-align: text-top;">4</sup><font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></font>&#160;</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">VesselCo 3 K/S &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Denmark</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">VesselCo 4 Pte. 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Ltd.&#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times,
 serif; font-size: 10pt; margin-left: 6.25pt;">VesselCo 7 Pte. Ltd. &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new
 roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">VesselCo 8 Pte. Ltd. &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">VesselCo 9 Pte. Ltd. &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">VesselCo 10 Pte. Ltd. &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">VesselCo 11 Pte. Ltd. &#178;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">VesselCo 12 Pte. Ltd. &#179;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">TORM Shipping (Phils.), Inc. &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Philippines</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">25%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">VesselCo A ApS &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Denmark</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">VesselCo C ApS &#185;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Denmark</div></td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new
 roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">VesselCo E ApS &#179;<font style="font-family: 'times new roman', times, serif; font-size: 10pt;">&#8318;</font></div></td><td style="width: 260px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Denmark</div></td><td style="width: 261px; vertical-align: bottom;
 border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">100%</div></td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">1) Entities added in the financial year ended 31 December&#160; 2015.</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">2) Entities added in the financial year ended 31 December 2016.</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">3) Entities added in the financial year ended 31 December 2017.</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">4) Entities dissolved in the financial year ended 31 December 2015.</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">5) Entities dissolved in the financial year ended 31 December 2016.</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 1030px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">6) Entities dissolved in the financial year ended 31 December 2017.</div></td><td style="width: 260px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 261px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;" colspan="3"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">7) For all subsidiaries, ownership and voting rights are the same except for TORM SHIPPING (PHILS.) INC where voting rights are 100%.</div></td></tr><tr><td style="width: 1551px; vertical-align: bottom; background-color: #ffffff;" colspan="3"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">8) All subsidiaries are consolidated in full.</div></td></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduleOfRegisteredAddressesTableTextBlock', window );">Schedule of registered addresses</a></td>
<td class="text"><table style="width: 100%; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'times new roman', times, serif; font-size: 10pt; word-spacing: 0px; orphans: 2; widows: 2; background-color: #ffffff; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"><tr><td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Denmark</div></td><td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">India</div></td><td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Philippines</div></td><td style="width: 387px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Singapore</div></td></tr><tr><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Tuborg Havnevej 18,</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">2nd Floor</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">7th Floor</div></td><td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">6 Battery Road #27-02</div></td></tr><tr><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">DK-2900 Hellerup</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Leela Business Park</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Salcedo Towers, 169</div></td><td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Singapore 049909</div></td></tr><tr><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Denmark</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Andheri-Kurla Road</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; 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vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Mumbai 400059</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Makati City</div></td><td style="width: 387px; vertical-align: bottom; background-color: #ffffff;">&#160;</td></tr><tr><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">India</div></td><td style="width: 388px; vertical-align: bottom; 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 background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">United
 Kingdom</div></td><td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">USA</div></td><td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Marshall Islands</div></td><td style="width: 387px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Mauritius</div></td></tr><tr><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Birchin Court</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Suite 710</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">c/o The Trust</div></td><td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">c/o Temple Corporate</div></td></tr><tr><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">20 Birchin Lane</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">2500 City West</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Company of</div></td><td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Services</div></td></tr><tr><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">London, EC3V 9DU</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Boulevard</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Marshall Islands, Inc.</div></td><td style="width: 387px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Temple Court 2,</div></td></tr><tr><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">United Kingdom</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">77042, Houston , Texas</div></td><td style="width: 388px; vertical-align: bottom; background-color: #ffffff;"><div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">P.O. 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 serif; font-size: 10pt;">Bermuda</div></td><td style="width: 388px; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"><div style="text-align:
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<tr>
<td style="width: 100%; vertical-align: bottom; background-color: #ffffff;" colspan="6">
<div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">&#160;</div>
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<div style="text-align: center; font-family: 'times new roman', times, serif; font-size: 10pt;">2017</div>
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<div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Entity</div>
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<div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;">Country</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">% Control</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Profit and<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>loss from<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>continuing<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>operations</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Other compre-hensive<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>income</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">Total compre-hensive<font style="font-family: 'times new roman', times, serif; font-size: 10pt;"><br /></font>income</div>
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<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Long Range 2 A/S</div>
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<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Denmark</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">50%</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
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<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">LR2 Management K/S</div>
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<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;">Denmark</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">50%</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;">-</div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">2016</font></div>
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<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">2015</font></div>
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<div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">EARNINGS PER SHARE</font></div>
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<tr>
<td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: times new roman,times;" size="2">Net profit/(loss) for the year (USDm)</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">2.4</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">-142.5</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">126.0</font></div>
</td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">Million shares</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: times new roman,times;" size="2">Average number of shares</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">62.3</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">63.1</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">51.7</font></div>
</td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: times new roman,times;" size="2">Average number of treasury shares</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">-0.3</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">-0.2</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;"
 size="2">-</font></div>
</td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: times new roman,times;" size="2">Average number of shares outstanding</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">62.0</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">62.9</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">51.7</font></div>
</td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: times new roman,times;" size="2">Dilutive effect of outstanding share options</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">-</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">-</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">-</font></div>
</td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: times new roman,times;" size="2">Average number of shares outstanding incl. dilutive effect of share options</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">62.0</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">62.9</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">51.7</font></div>
</td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: times new roman,times;" size="2">Basic earnings/(loss) per share (USD)</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">0.04</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">-2.3</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">2.4</font></div>
</td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div
 style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: times new roman,times;" size="2">Diluted earnings/(loss) per share (USD)</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">0.04</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">-2.3</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">2.4</font></div>
</td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
</tr>
</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDividendsExplanatory', window );">Schedule of dividend per share</a></td>
<td class="text"><table style="width: 100%; font-family: 'times new roman', times, serif; font-size: 10pt;"  border="0" cellspacing="0" cellpadding="0">
<tr>
<td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">2017</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">2016</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">2015</font></div>
</td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: left; font-family: 'times new roman', times, serif; font-size: 10pt;"><font style="font-family: times new roman,times;" size="2">DIVIDEND PER SHARE</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: times new roman,times;" size="2">Dividend for the year (USDm)</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">1.2</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">25.0</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">-</font></div>
</td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
<td style="width: 12.8%; vertical-align: bottom; background-color: #ffffff;"></td>
</tr>
<tr style="height: 16px;">
<td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: times new roman,times;" size="2">Number of shares, end of period (million)</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">62.3</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">62.3</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">63.8</font></div>
</td>
</tr>
<tr>
<td style="width: 61.6%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: left; text-indent: -6.25pt; font-family: 'times new roman', times, serif; font-size: 10pt; margin-left: 6.25pt;"><font style="font-family: times new roman,times;" size="2">Dividend per share</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">0.02</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">0.40</font></div>
</td>
<td style="width: 12.8%; vertical-align: bottom; border-bottom-color: #000000; border-bottom-width: 2px; border-bottom-style: solid; background-color: #ffffff;">
<div style="text-align: right; font-family: 'times new roman', times, serif; font-size: 10pt; margin-right: 5.65pt;"><font style="font-family: times new roman,times;" size="2">-</font></div>
</td>
</tr>
</table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDividendsExplanatory">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of dividends. Dividends are distributions of profits to holders of equity investments in proportion to their holdings of a particular class of capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDividendsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfEarningsPerShareExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for earnings per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=sect_Disclosure&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfEarningsPerShareExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfEarningsPerShareAndDividendPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfEarningsPerShareAndDividendPerShareAbstract</td>
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<td>duration</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>62
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6692897472">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>BUSINESS COMBINATIONS IN 2015 (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsAbstract', window );"><strong>Disclosure of detailed information about business combination [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory', window );">Schedule of fair value of assets acquired and liabilities assumed</a></td>
<td class="text"><table style="width: 100%;" border="0" cellspacing="0">
<tr>
<td style="text-align: left; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
</tr>
<tr>
<td style="width: 92%; text-align: left; vertical-align: top;"></td>
<td style="width: 8%; text-align: right; vertical-align: top;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">USDm</font></td>
<td style="text-align: right; vertical-align: top;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Tangible fixed assets</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">859.9</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Investment in joint ventures</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">0.3</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Bunkers</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">27.8</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Freight receivables</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">53.4</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Other receivables</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">6.6</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Prepayments</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">10.6</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Cash and cash equivalents</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">77.5</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Deferred tax liabilities</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-45.1</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Mortgage debt and bank loans</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-560.7</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Finance lease liabilities</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-13.5</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Trade payables</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-27.3</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Current tax liabilities</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-1.4</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Other liabilities</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-29.7</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Time charter contracts</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-1.6</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Deferred income</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">-0.4</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Net assets acquired</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">356.4</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">Goodwill</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">11.4</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">Consideration (purchase price)</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">367.8</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"></td>
<td style="text-align: right; vertical-align: top;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Of which:</font></td>
<td style="text-align: right; vertical-align: top;"></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">Shares</font></td>
<td style="text-align: right; vertical-align: top;"><font style="font-family: times new roman,times;" size="2">349.8</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;"
 size="2">Warrants</font></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">18.0</font></td>
</tr>
<tr>
<td style="text-align: left; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"></td>
<td style="text-align: right; vertical-align: top; border-bottom-color: black; border-bottom-width: 1px; border-bottom-style: solid;"><font style="font-family: times new roman,times;" size="2">367.8</font></td>
</tr>
</table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfBusinessCombinationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfBusinessCombinationsAbstract</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about business combinations. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Section Disclosures application of paragraphs 59 and 61<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=F4301424&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>63
<FILENAME>R56.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6692911024">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS (Details Textual)<br></strong></div></th>
<th class="th"><div>Mar. 27, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=trmd_TormAsMember', window );">TORM A/S</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfBusinessOverviewLineItems', window );"><strong>Disclosure Of Business Overview [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Percentage of voting rights</a></td>
<td class="nump">62.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of voting equity interests acquired in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_c&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PercentageOfVotingEquityInterestsAcquired</td>
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<td>na</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfBusinessOverviewLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfBusinessOverviewLineItems</td>
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<td>na</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=trmd_TormAsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=trmd_TormAsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
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<FILENAME>R57.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797560544">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS (Details Textual 1) - TORM A/S<br> $ in Millions</strong></div></th>
<th class="th">
<div>Apr. 15, 2016 </div>
<div>USD ($) </div>
<div>ratio</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfBusinessOverviewLineItems', window );"><strong>Disclosure Of Business Overview [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfSharesExchanged', window );">Percentage of shares exchanged</a></td>
<td class="nump">97.60%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfNonControllingInterestSharesAcquired', window );">Percentage of remaining shares acquired</a></td>
<td class="nump">2.40%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashTransferred', window );">Total cash consideration | $</a></td>
<td class="nump">$ 19.2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_RatioOfWarrantsExchanged', window );">Ratio of warrants exchanged | ratio</a></td>
<td class="nump">1<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at acquisition date, of cash transferred as consideration in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_f_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfBusinessOverviewLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfBusinessOverviewLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfNonControllingInterestSharesAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of remaining shares acquired.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfNonControllingInterestSharesAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfSharesExchanged">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of shares exchanged.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfSharesExchanged</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_RatioOfWarrantsExchanged">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The ratio of warrants exchanged.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_RatioOfWarrantsExchanged</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TormAsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TormAsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>65
<FILENAME>R58.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6826325264">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS (Details Textual 2)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($) </div>
<div>Segment</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($) </div>
<div>Segment</div>
</th>
<th class="th">
<div>Jan. 31, 2018 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2014 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOFaccountingPolicyLineItems', window );"><strong>Disclosure Of Accounting Policy [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">$ 134,207<span></span>
</td>
<td class="nump">$ 168,258<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 75,971<span></span>
</td>
<td class="nump">$ 38,056<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetDebt', window );">Net debt</a></td>
<td class="nump">620,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UndrawnBorrowingFacilities', window );">Undrawn debt</a></td>
<td class="nump">$ 271,000<span></span>
</td>
<td class="nump">75,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">190,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_LoanToValueRatio', window );">Net interest-bearing debt loan-to-value ratio</a></td>
<td class="nump">55.80%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Raised equity</a></td>
<td class="nump">$ 791,050<span></span>
</td>
<td class="nump">$ 975,976<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 780,578<span></span>
</td>
<td class="nump">$ 469,514<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfBusinessSegments', window );">Number of business segments | Segment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfGeographicalSegments', window );">Number of geographical segment | Segment</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfDemurrageClaimRecognizedAsRevenue', window );">Demurrage revenue claim percentage</a></td>
<td class="nump">95.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AveragePeriodOfReceivingDemurragePayment', window );">Average period of receiving demurrage payment</a></td>
<td class="text">100 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Major ordinary share transactions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOFaccountingPolicyLineItems', window );"><strong>Disclosure Of Accounting Policy [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Raised equity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net debt of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UndrawnBorrowingFacilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of undrawn borrowing facilities that may be available for future operating activities and to settle capital commitments. [Refer: Capital commitments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UndrawnBorrowingFacilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AveragePeriodOfReceivingDemurragePayment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the average period of receiving demurrage payment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AveragePeriodOfReceivingDemurragePayment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOFaccountingPolicyLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOFaccountingPolicyLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_LoanToValueRatio">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents percentage of net interest bearing debt loan to value ratio.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_LoanToValueRatio</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfBusinessSegments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of business segments of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfBusinessSegments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfGeographicalSegments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of geographical segments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfGeographicalSegments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfDemurrageClaimRecognizedAsRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of the demurrage claim recognized as revenue based on pased experience.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfDemurrageClaimRecognizedAsRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6826569376">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ACCOUNTING POLICIES, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS (Details Textual 3) - cashgeneratingunit<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOFaccountingPolicyLineItems', window );"><strong>Disclosure Of Accounting Policy [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationMethodPropertyPlantAndEquipment', window );">Depreciation method</a></td>
<td class="text">straight-line basis<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfCashGeneratingUnit', window );">Number of cash generating unit</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MinimumPercentageOfDifferenceToRecognizeNewFinancialLiability', window );">Minimum percentage of difference to recognize new financial liability</a></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DryDockingPeriodPropertyPlantAndEquipmentPeriod', window );">Dry Docking period</a></td>
<td class="text">every 30 and 60 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ShipsMember', window );">Ships</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOFaccountingPolicyLineItems', window );"><strong>Disclosure Of Accounting Policy [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment', window );">Estimated useful lives</a></td>
<td class="text">25 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ComputerEquipmentMember', window );">Computer equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOFaccountingPolicyLineItems', window );"><strong>Disclosure Of Accounting Policy [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment', window );">Estimated useful lives</a></td>
<td class="text">over three years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_OtherPropertyPlantAndEquipmentMember', window );">Other property, plant and equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOFaccountingPolicyLineItems', window );"><strong>Disclosure Of Accounting Policy [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment', window );">Estimated useful lives</a></td>
<td class="text">over five years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationMethodPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The depreciation method used for property, plant and equipment. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 73<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_73_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationMethodPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The useful lives or depreciation rates used for property, plant and equipment. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 73<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_73_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOFaccountingPolicyLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOFaccountingPolicyLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DryDockingPeriodPropertyPlantAndEquipmentPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents period of dry-docking of property, plant and equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DryDockingPeriodPropertyPlantAndEquipmentPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_MinimumPercentageOfDifferenceToRecognizeNewFinancialLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the minimum percentage of difference to recognize new financial liability</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_MinimumPercentageOfDifferenceToRecognizeNewFinancialLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfCashGeneratingUnit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of Cash generating unit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfCashGeneratingUnit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ShipsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ShipsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ComputerEquipmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ComputerEquipmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_OtherPropertyPlantAndEquipmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_OtherPropertyPlantAndEquipmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>67
<FILENAME>R60.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6827381808">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>LIQUIDITY, CAPITAL RESOURCES AND SUBSEQUENT EVENTS (Details textuals)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($) </div>
<div>Newbuilding</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($) </div>
<div>Newbuilding</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($) </div>
<div>Newbuilding</div>
</th>
<th class="th">
<div>Jul. 31, 2015 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_LiquidityAndCapitalResourcesLineItems', window );"><strong>Liquidity And Capital Resources [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Cash', window );">Cash position</a></td>
<td class="nump">$ 134.0<span></span>
</td>
<td class="nump">$ 76.0<span></span>
</td>
<td class="nump">$ 168.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UndrawnBorrowingFacilities', window );">Undrawan credit facilities</a></td>
<td class="nump">$ 271.0<span></span>
</td>
<td class="nump">$ 190.0<span></span>
</td>
<td class="nump">$ 75.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NewBuildingsOnOrderForDelivery', window );">Newbuildings on order for delivery | Newbuilding</a></td>
<td class="nump">10<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CapitalCommitments', window );">Total outstanding CAPEX related to newbuildings</a></td>
<td class="nump">$ 307.0<span></span>
</td>
<td class="nump">$ 149.0<span></span>
</td>
<td class="nump">$ 224.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Mortgage debt and bank loans (Note 2,15,16,18)</a></td>
<td class="nump">719.1<span></span>
</td>
<td class="nump">$ 671.6<span></span>
</td>
<td class="nump">$ 767.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ScheduledMinimumPaymentsOnMortgageBorrowingsAndBankBorrowingsInNextFiscalYear', window );">Scheduled minimum payments on mortgage debt and bank loans in 2018</a></td>
<td class="nump">93.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_WorkingCapitalFacilityMember', window );">Working capital facility</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_LiquidityAndCapitalResourcesLineItems', window );"><strong>Liquidity And Capital Resources [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UndrawnBorrowingFacilities', window );">Undrawan credit facilities</a></td>
<td class="nump">75.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 75.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_TermFacilityIMember', window );">Term facility I</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_LiquidityAndCapitalResourcesLineItems', window );"><strong>Liquidity And Capital Resources [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Mortgage debt and bank loans (Note 2,15,16,18)</a></td>
<td class="nump">401.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_TermFacilityIIMember', window );">Term facility II</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_LiquidityAndCapitalResourcesLineItems', window );"><strong>Liquidity And Capital Resources [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Mortgage debt and bank loans (Note 2,15,16,18)</a></td>
<td class="nump">115.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_BilateralBorrowingFacilityMember', window );">Bilateral borrowing facility | China export import Bank</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_LiquidityAndCapitalResourcesLineItems', window );"><strong>Liquidity And Capital Resources [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UndrawnBorrowingFacilities', window );">Undrawan credit facilities</a></td>
<td class="nump">115.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_BilateralBorrowingFacilityMember', window );">Bilateral borrowing facility | Danish ship finance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_LiquidityAndCapitalResourcesLineItems', window );"><strong>Liquidity And Capital Resources [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UndrawnBorrowingFacilities', window );">Undrawan credit facilities</a></td>
<td class="nump">81.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_BilateralLoanAgreementsMember', window );">Bilateral loan agreements | Danish ship finance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_LiquidityAndCapitalResourcesLineItems', window );"><strong>Liquidity And Capital Resources [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Mortgage debt and bank loans (Note 2,15,16,18)</a></td>
<td class="nump">158.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_BilateralLoanAgreementsMember', window );">Bilateral loan agreements | ING</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_LiquidityAndCapitalResourcesLineItems', window );"><strong>Liquidity And Capital Resources [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Mortgage debt and bank loans (Note 2,15,16,18)</a></td>
<td class="nump">$ 46.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Borrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of outstanding funds that the entity is obligated to repay.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Borrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CapitalCommitments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of future capital expenditures that the entity is committed to make.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CapitalCommitments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Cash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits. [Refer: Cash on hand]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Cash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UndrawnBorrowingFacilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of undrawn borrowing facilities that may be available for future operating activities and to settle capital commitments. [Refer: Capital commitments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UndrawnBorrowingFacilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_LiquidityAndCapitalResourcesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_LiquidityAndCapitalResourcesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NewBuildingsOnOrderForDelivery">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of newbuildings on order for delivery.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NewBuildingsOnOrderForDelivery</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ScheduledMinimumPaymentsOnMortgageBorrowingsAndBankBorrowingsInNextFiscalYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of scheduled minimum payments on mortgage borrowings and bank borrowings in next fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ScheduledMinimumPaymentsOnMortgageBorrowingsAndBankBorrowingsInNextFiscalYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=trmd_WorkingCapitalFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_WorkingCapitalFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=trmd_TermFacilityIMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_TermFacilityIMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=trmd_TermFacilityIIMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_TermFacilityIIMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=trmd_BilateralBorrowingFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_BilateralBorrowingFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_ChinaExportImportBankMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_ChinaExportImportBankMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_DanishShipFinanceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_DanishShipFinanceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=trmd_BilateralLoanAgreementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_BilateralLoanAgreementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_IngMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_IngMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>68
<FILENAME>R61.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6828181104">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>LIQUIDITY, CAPITAL RESOURCES AND SUBSEQUENT EVENTS (Details textuals 1)<br></strong></div></th>
<th class="th" colspan="3">1 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Jan. 26, 2018 </div>
<div>USD ($) </div>
<div>$ / shares </div>
<div>shares</div>
</th>
<th class="th">
<div>Jan. 23, 2018 </div>
<div>USD ($) </div>
<div>shares</div>
</th>
<th class="th">
<div>Jan. 22, 2018 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>shares</div>
</th>
<th class="th">
<div>Apr. 15, 2016 </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Apr. 15, 2016 </div>
<div>kr / shares</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>shares</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issued</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">62,298,848<span></span>
</td>
<td class="nump">62,298,848<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">63,836,251<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Par value of common shares (in DKK) | (per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">kr 15<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassASharesMember', window );">Common class A shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issued</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">62,298,846<span></span>
</td>
<td class="nump">62,298,846<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">63,836,249<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassBSharesMember', window );">Common class B shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issued</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassCSharesMember', window );">Common class C shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issued</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_EnteringIntoSignificantCommitmentsOrContingentLiabilitiesMember', window );">Entering into significant commitments or contingent liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MaximumFinancingOfSecuredCommitmentForAttractiveVessel', window );">Maximum financing of secured commitment for attractive vessel | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 50,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Major ordinary share transactions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ProceedsFromPrivatePlacement', window );">Proceeds from private placement | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 100,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfSharesIssuedInPrivatePlacement', window );">Number of shares issued in Private placement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11,920,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NominalValueOfSharesIssued', window );">Nominal value of shares issued | $</a></td>
<td class="nump">$ 742,188.48<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issued</a></td>
<td class="nump">74,218,846<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Major ordinary share transactions | Common class A shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Par value of common shares (in DKK) | $ / shares</a></td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Major ordinary share transactions | Common class B shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Par value of common shares (in DKK) | $ / shares</a></td>
<td class="nump">0.01<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Major ordinary share transactions | Common class C shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Par value of common shares (in DKK) | $ / shares</a></td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_ClassificationOfAssetsAsHeldForSaleMember', window );">Classification of assets as held for sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ProfitFromSaleOfVessels', window );">Net profit from sale of vessels | $</a></td>
<td class="nump">$ 600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares issued by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ParValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_79_a_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ParValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_MaximumFinancingOfSecuredCommitmentForAttractiveVessel">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of maximum financing of secured commitment for attractive vessel.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_MaximumFinancingOfSecuredCommitmentForAttractiveVessel</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NominalValueOfSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount associated to nominal value of shares issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NominalValueOfSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfSharesIssuedInPrivatePlacement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares issued in private placement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfSharesIssuedInPrivatePlacement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ProceedsFromPrivatePlacement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount received from entity's raising of capital via private rather than public placement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ProceedsFromPrivatePlacement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ProfitFromSaleOfVessels">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to profit from sale of vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ProfitFromSaleOfVessels</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassASharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassASharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassBSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassBSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassCSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassCSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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<html>
<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6828152576">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED SEGMENT INFORMATION (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_StatementOfProfitOrLossAndOtherComprehensiveIncomeAbstract', window );"><strong>Statement of profit or loss and other comprehensive income [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 540,400<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PortExpensesBunkersAndCommissions', window );">Port expenses, bunkers and commissions</a></td>
<td class="num">$ (259,888)<span></span>
</td>
<td class="num">$ (221,859)<span></span>
</td>
<td class="num">(169,646)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_CharterHireExpense', window );">Charter hire</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(12,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OperatingExpense', window );">Operating expenses (Note 4)</a></td>
<td class="num">(188,374)<span></span>
</td>
<td class="num">(195,249)<span></span>
</td>
<td class="num">(122,867)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">Administrative expenses (Note 4, 5)</a></td>
<td class="num">(45,007)<span></span>
</td>
<td class="num">(41,406)<span></span>
</td>
<td class="num">(19,486)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MiscellaneousOtherOperatingExpense', window );">Other operating expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(6,300)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Share of profit/(loss) from joint ventures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">200<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLoss', window );">Impairment losses on tangible and intangible assets</a></td>
<td class="nump">20,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationExpense', window );">Depreciation (Note 7)</a></td>
<td class="num">(114,451)<span></span>
</td>
<td class="num">(122,215)<span></span>
</td>
<td class="num">(67,327)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating profit/(loss) (EBIT)</a></td>
<td class="nump">39,529<span></span>
</td>
<td class="num">(107,212)<span></span>
</td>
<td class="nump">142,958<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Total</a></td>
<td class="nump">4,255<span></span>
</td>
<td class="nump">2,814<span></span>
</td>
<td class="nump">992<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Financial expenses (Note 9)</a></td>
<td class="num">(40,601)<span></span>
</td>
<td class="num">(37,333)<span></span>
</td>
<td class="num">(16,926)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Profit/(loss) before tax</a></td>
<td class="nump">3,184<span></span>
</td>
<td class="num">(141,731)<span></span>
</td>
<td class="nump">127,024<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Tax (Note 12)</a></td>
<td class="num">(777)<span></span>
</td>
<td class="num">(760)<span></span>
</td>
<td class="num">(1,041)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net profit/(loss) for the year</a></td>
<td class="nump">$ 2,407<span></span>
</td>
<td class="nump">$ 142,491<span></span>
</td>
<td class="nump">125,983<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments | Tanker Segment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_StatementOfProfitOrLossAndOtherComprehensiveIncomeAbstract', window );"><strong>Statement of profit or loss and other comprehensive income [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">538,700<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PortExpensesBunkersAndCommissions', window );">Port expenses, bunkers and commissions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(169,200)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_CharterHireExpense', window );">Charter hire</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(11,100)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OperatingExpense', window );">Operating expenses (Note 4)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(121,700)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">Administrative expenses (Note 4, 5)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MiscellaneousOtherOperatingExpense', window );">Other operating expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Share of profit/(loss) from joint ventures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLoss', window );">Impairment losses on tangible and intangible assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationExpense', window );">Depreciation (Note 7)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(67,100)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating profit/(loss) (EBIT)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">169,600<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Total</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Financial expenses (Note 9)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Profit/(loss) before tax</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">169,600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Tax (Note 12)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net profit/(loss) for the year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">169,600<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments | Bulk Segment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_StatementOfProfitOrLossAndOtherComprehensiveIncomeAbstract', window );"><strong>Statement of profit or loss and other comprehensive income [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,700<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PortExpensesBunkersAndCommissions', window );">Port expenses, bunkers and commissions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(500)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_CharterHireExpense', window );">Charter hire</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(900)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OperatingExpense', window );">Operating expenses (Note 4)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,200)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">Administrative expenses (Note 4, 5)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MiscellaneousOtherOperatingExpense', window );">Other operating expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Share of profit/(loss) from joint ventures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLoss', window );">Impairment losses on tangible and intangible assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationExpense', window );">Depreciation (Note 7)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(200)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating profit/(loss) (EBIT)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Total</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Financial expenses (Note 9)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Profit/(loss) before tax</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Tax (Note 12)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net profit/(loss) for the year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,000)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_UnallocatedAmountsMember', window );">Not allocated</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_StatementOfProfitOrLossAndOtherComprehensiveIncomeAbstract', window );"><strong>Statement of profit or loss and other comprehensive income [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PortExpensesBunkersAndCommissions', window );">Port expenses, bunkers and commissions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_CharterHireExpense', window );">Charter hire</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OperatingExpense', window );">Operating expenses (Note 4)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">Administrative expenses (Note 4, 5)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(19,500)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MiscellaneousOtherOperatingExpense', window );">Other operating expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(6,300)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Share of profit/(loss) from joint ventures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLoss', window );">Impairment losses on tangible and intangible assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationExpense', window );">Depreciation (Note 7)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating profit/(loss) (EBIT)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(25,600)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Total</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Financial expenses (Note 9)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(16,900)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Profit/(loss) before tax</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(41,500)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Tax (Note 12)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,000)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net profit/(loss) for the year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (42,500)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity classifies as being administrative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_vi&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation expense. Depreciation is the systematic allocation of depreciable amounts of tangible assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs associated with financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as a reduction of the carrying amount of an asset or cash-generating unit to its recoverable amount. [Refer: Carrying amount [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 130<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_130_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 130<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_130_d_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MiscellaneousOtherOperatingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of miscellaneous other operating expenses. [Refer: Other operating income (expense)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MiscellaneousOtherOperatingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OperatingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of all operating expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OperatingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from operating activities of the entity. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2017-01-01<br> -Paragraph IE33<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=32&amp;date=2017-03-01&amp;anchor=para_IE33&amp;doctype=Illustrative%20Examples<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2017-03-02&amp;anchor=para_35_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) of associates and joint ventures accounted for using the equity method. [Refer: Associates [member]; Investments accounted for using equity method; Joint ventures [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_g&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 39M<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_39M_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_StatementOfProfitOrLossAndOtherComprehensiveIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_StatementOfProfitOrLossAndOtherComprehensiveIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_CharterHireExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses associated to charter hire.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_CharterHireExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PortExpensesBunkersAndCommissions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses associated to port expenses, bunkers and commissions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PortExpensesBunkersAndCommissions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=trmd_TankerSegmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=trmd_TankerSegmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=trmd_BulkSegmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=trmd_BulkSegmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_UnallocatedAmountsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_UnallocatedAmountsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>70
<FILENAME>R63.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6821880800">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED SEGMENT INFORMATION (Details textuals)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2015 </div>
<div>Segment</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsAbstract', window );"><strong>Disclosure of operating segments [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfBusinessSegments', window );">Number of business segments</a></td>
<td class="nump">2<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfOperatingSegmentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfOperatingSegmentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfBusinessSegments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of business segments of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfBusinessSegments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>71
<FILENAME>R64.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6827436816">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STAFF COSTS (Details)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($) </div>
<div>Employees</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($) </div>
<div>Employees</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($) </div>
<div>Employees</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Total staff costs</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Staff costs</a></td>
<td class="nump">$ 43.8<span></span>
</td>
<td class="nump">$ 40.9<span></span>
</td>
<td class="nump">$ 23.9<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfEmployeeBenefitsExpenseAbstract', window );"><strong>Staff costs comprise the following</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WagesAndSalaries', window );">Wages and salaries</a></td>
<td class="nump">36.4<span></span>
</td>
<td class="nump">32.3<span></span>
</td>
<td class="nump">22.4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees', window );">Share-based compensation</a></td>
<td class="nump">1.9<span></span>
</td>
<td class="nump">2.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans', window );">Pension costs</a></td>
<td class="nump">3.1<span></span>
</td>
<td class="nump">3.6<span></span>
</td>
<td class="nump">1.4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SocialSecurityContributions', window );">Other social security costs</a></td>
<td class="nump">0.3<span></span>
</td>
<td class="nump">0.4<span></span>
</td>
<td class="nump">0.1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherEmployeeExpense', window );">Other staff costs</a></td>
<td class="nump">2.1<span></span>
</td>
<td class="nump">2.6<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Total</a></td>
<td class="nump">$ 43.8<span></span>
</td>
<td class="nump">$ 40.9<span></span>
</td>
<td class="nump">$ 23.9<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberAndAverageNumberOfEmployeesAbstract', window );"><strong>Average number of permanent employees</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SeafarersAverageNumberOfEmployees', window );">Seafarers | Employees</a></td>
<td class="nump">130.6<span></span>
</td>
<td class="nump">137.0<span></span>
</td>
<td class="nump">65.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_LandBasedWorkersAverageNumberOfEmployees', window );">Land-based | Employees</a></td>
<td class="nump">286.6<span></span>
</td>
<td class="nump">269.1<span></span>
</td>
<td class="nump">133.0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AverageNumberOfEmployees', window );">Total | Employees</a></td>
<td class="nump">417.2<span></span>
</td>
<td class="nump">406.1<span></span>
</td>
<td class="nump">198.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ProfitOrLossLocationAxis=trmd_OperatingExpensesMember', window );">Operating expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Total staff costs</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Staff costs</a></td>
<td class="nump">$ 9.2<span></span>
</td>
<td class="nump">$ 9.9<span></span>
</td>
<td class="nump">$ 9.7<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfEmployeeBenefitsExpenseAbstract', window );"><strong>Staff costs comprise the following</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Total</a></td>
<td class="nump">9.2<span></span>
</td>
<td class="nump">9.9<span></span>
</td>
<td class="nump">9.7<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ProfitOrLossLocationAxis=trmd_AdministrativeExpensesMember', window );">Administrative expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Total staff costs</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Staff costs</a></td>
<td class="nump">34.6<span></span>
</td>
<td class="nump">31.0<span></span>
</td>
<td class="nump">14.2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfEmployeeBenefitsExpenseAbstract', window );"><strong>Staff costs comprise the following</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Total</a></td>
<td class="nump">$ 34.6<span></span>
</td>
<td class="nump">$ 31.0<span></span>
</td>
<td class="nump">$ 14.2<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AverageNumberOfEmployees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of personnel employed by the entity during a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AverageNumberOfEmployees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfEmployeeBenefitsExpenseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfEmployeeBenefitsExpenseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EmployeeBenefitsExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The expense of all forms of consideration given by an entity in exchange for a service rendered by employees or for the termination of employment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 104<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_104&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EmployeeBenefitsExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense from share-based payment transactions with employees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberAndAverageNumberOfEmployeesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberAndAverageNumberOfEmployeesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherEmployeeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of employee expenses that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 5<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_5&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherEmployeeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of post-employment benefit expense relating to defined benefit plans. [Refer: Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 5<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_5&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SocialSecurityContributions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A class of employee benefits expense that represents social security contributions. [Refer: Employee benefits expense]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 9<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_9&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SocialSecurityContributions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WagesAndSalaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A class of employee benefits expense that represents wages and salaries. [Refer: Employee benefits expense]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 9<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_9&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WagesAndSalaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfEmployeeBenefitsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfEmployeeBenefitsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_LandBasedWorkersAverageNumberOfEmployees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of land-based workers employed by the entity during a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_LandBasedWorkersAverageNumberOfEmployees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SeafarersAverageNumberOfEmployees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of seafarers employed by the entity during a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SeafarersAverageNumberOfEmployees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ProfitOrLossLocationAxis=trmd_OperatingExpensesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ProfitOrLossLocationAxis=trmd_OperatingExpensesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ProfitOrLossLocationAxis=trmd_AdministrativeExpensesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ProfitOrLossLocationAxis=trmd_AdministrativeExpensesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>72
<FILENAME>R65.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6828168096">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>STAFF COSTS (Details 1) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="4">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><sup>[1]</sup></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Non-Executive Board and Committee Remuneration, Short term</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 812<span></span>
</td>
<td class="nump">$ 657<span></span>
</td>
<td colspan="2" class="nump">$ 405<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NameOfDirectorAxis=trmd_CheamDirectorsLimitedMember', window );">Cheam Directors Limited</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Non-Executive Board and Committee Remuneration, Short term</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td colspan="2" class="nump">3<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NameOfDirectorAxis=trmd_ChristopherHBoehringerMember', window );">Christopher H. Boehringer</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Non-Executive Board and Committee Remuneration, Short term</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">290<span></span>
</td>
<td class="nump">237<span></span>
</td>
<td colspan="2" class="nump">88<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NameOfDirectorAxis=trmd_KariMillumGardarnarMember', window );">Kari Millum Gardarnar</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Non-Executive Board and Committee Remuneration, Short term</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3],[4],[5]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td colspan="2" class="nump">31<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NameOfDirectorAxis=trmd_RasmusJohannesHoffmannMember', window );">Rasmus Johannes Hoffmann</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Non-Executive Board and Committee Remuneration, Short term</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3],[5]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td colspan="2" class="nump">29<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NameOfDirectorAxis=trmd_FlemmingIpsenMember', window );">Flemming Ipsen</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Non-Executive Board and Committee Remuneration, Short term</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td colspan="2" class="nump">38<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NameOfDirectorAxis=trmd_OlivierDuboisMember', window );">Olivier Dubois</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Non-Executive Board and Committee Remuneration, Short term</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td colspan="2" class="nump">17<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NameOfDirectorAxis=trmd_AlexanderGreenMember', window );">Alexander Green</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Non-Executive Board and Committee Remuneration, Short term</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td colspan="2" class="nump">19<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NameOfDirectorAxis=trmd_JonSyvertsenMember', window );">Jon Syvertsen</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Non-Executive Board and Committee Remuneration, Short term</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td colspan="2" class="nump">19<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NameOfDirectorAxis=trmd_DavidWeinsteinMember', window );">David Weinstein</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Non-Executive Board and Committee Remuneration, Short term</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">174<span></span>
</td>
<td class="nump">131<span></span>
</td>
<td colspan="2" class="nump">48<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NameOfDirectorAxis=trmd_TorbenJanholtMember', window );">Torben Janholt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Non-Executive Board and Committee Remuneration, Short term</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">174<span></span>
</td>
<td class="nump">131<span></span>
</td>
<td colspan="2" class="nump">48<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NameOfDirectorAxis=trmd_GoranTrappMember', window );">Goran Trapp</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Non-Executive Board and Committee Remuneration, Short term</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">174<span></span>
</td>
<td class="nump">158<span></span>
</td>
<td colspan="2" class="nump">58<span></span>
</td>
</tr>
<tr class="rh">
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<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td colspan="2" class="text">&#160;<span></span>
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<tr class="re">
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<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
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<tr class="ro">
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<td class="th" style="border-bottom: 0px;"><sup>[3],[5]</sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
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<td colspan="2" class="nump">$ 7<span></span>
</td>
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<tr><td colspan="6"></td></tr>
<tr><td colspan="6"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">The 2015 figures represent amounts earned subsequent to the Restructuring on 13 July 2015.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Former member of the Board of Directors of Njord. Left the Board of Directors due to the reverse acquisition on 13 July 2015.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">Former member of the Board of Directors of Former TORM A/S. Resigned on 25 August 2015.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[4]</td>
<td style="vertical-align: top;" valign="top">Resigned as Board Observer as of 31 July 2017.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[5]</td>
<td style="vertical-align: top;" valign="top">Took up position as Board Observer of TORM plc.</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel in the form of termination benefits. [Refer: Termination benefits expense; Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2017-03-01&amp;anchor=para_17_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
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<div>Dec. 31, 2016 </div>
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<td class="text">&#160;<span></span>
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<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Disclosure Of Employee Benefits [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WagesAndSalaries', window );">Salary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">81<span></span>
</td>
<td class="nump">39<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EmployeeTaxableBenefits', window );">Taxable benefits</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EmployeeAnnualPerformanceBonus', window );">Annual performance bonus</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EmployeeTransactionBonus', window );">Transaction bonus</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DirectorsRemunerationExpense', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">81<span></span>
</td>
<td class="nump">39<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NameOfDirectorAxis=trmd_JacobMeldgaardMember', window );">Jacob Meldgaard | TORM A/S</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Disclosure Of Employee Benefits [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WagesAndSalaries', window );">Salary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">923<span></span>
</td>
<td class="nump">834<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">362<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EmployeeTaxableBenefits', window );">Taxable benefits</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">42<span></span>
</td>
<td class="nump">41<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">19<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EmployeeAnnualPerformanceBonus', window );">Annual performance bonus</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">580<span></span>
</td>
<td class="nump">559<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">144<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EmployeeTransactionBonus', window );">Transaction bonus</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">345<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DirectorsRemunerationExpense', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 1,545<span></span>
</td>
<td class="nump">$ 1,434<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 870<span></span>
</td>
</tr>
<tr><td colspan="7"></td></tr>
<tr><td colspan="7"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Paid by legal entity as noted.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">The 2016 figures have been restated in order to include the figure for the annual bonus for 2016 as this was finalised and subsequently paid in 2017. No value was shown in the 2016 annual report. The total annual performance bonus of the Executive Director of TORM plc for 2016. arising in the period 1 January 2016 to 31 December 2016 was DKK 3.758.700 (USD 559t).</td>
</tr>
</table></td></tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DirectorsRemunerationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of remuneration paid or payable to the entity's directors.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DirectorsRemunerationExpense</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WagesAndSalaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A class of employee benefits expense that represents wages and salaries. [Refer: Employee benefits expense]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 9<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_9&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WagesAndSalaries</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfEmployeeBenefitsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfEmployeeBenefitsLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_EmployeeAnnualPerformanceBonus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents a compensation beyond normal wages and is typically awarded after a performance appraisal and analysis of projects completed by the employee over a specific period of time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_EmployeeAnnualPerformanceBonus</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_EmployeeTaxableBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Taxable benefits are benefits provided to employees that the employer has to add to the employee's income each period to determine the total amount of income that is subject to source tax deductions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_EmployeeTaxableBenefits</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_EmployeeTransactionBonus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Within effective date of a "Transaction", the entity shall pay lump-sum amount in cash (the "Transaction Bonus") in the amount to be determined by the Compensation Committee of the Company's Board of Directors at the time of such Transaction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NameOfDirectorAxis=trmd_JacobMeldgaardMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NameOfDirectorAxis=trmd_JacobMeldgaardMember</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_TormAsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_TormAsMember</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6825818640">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>STAFF COSTS - Parentheticals (Details 2) - 12 months ended Dec. 31, 2016<br> $ in Thousands</strong></div></th>
<th class="th"><div>USD ($)</div></th>
<th class="th"><div>DKK (kr)</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsAbstract', window );"><strong>Disclosure Of Employee Benefits [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EmployeeAnnualPerformanceBonus', window );">Annual performance bonus</a></td>
<td class="nump">$ 559<span></span>
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<td class="nump">kr 3,758,700<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_EmployeeAnnualPerformanceBonus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents a compensation beyond normal wages and is typically awarded after a performance appraisal and analysis of projects completed by the employee over a specific period of time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_EmployeeAnnualPerformanceBonus</td>
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<tr>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>75
<FILENAME>R68.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6801060832">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>STAFF COSTS (Details 3) - Long term incentive plan<br> $ in Millions</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="5">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Dec. 13, 2016 </div>
<div>kr / shares</div>
</th>
<th class="th">
<div>Dec. 12, 2016 </div>
<div>kr / shares</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($) </div>
<div>Share</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>kr / shares</div>
</th>
<th class="th"><sup>[1]</sup></th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>Share</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>Share</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted', window );">RSU LTIP grant</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">866,600<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="nump">2,127,400<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=trmd_LongTermIncentivePlanMember', window );">Jacob Meldgaard</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted', window );">RSU LTIP grant</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,276,273<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement', window );">Exercise price per share | kr / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">kr 93.6<span></span>
</td>
<td class="nump">kr 96.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="nump">kr 96.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ValueOfOtherEquityInstrumentsGranted', window );">RSU grant value assuming 100% vesting | $</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3.4<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="9"></td></tr>
<tr><td colspan="9"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">LTIP award is fixed by the Board of Directors and was communicated via company announcement no. 2 of 18 January 2016. Therefore there is no minimum or maximum for 2017.</td>
</tr></table></td></tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of other equity instruments (ie other than share options) granted in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the exercise price per share of other equity instruments (ie other than share options) in share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
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<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the value of other equity instruments (ie other than share options) granted in share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ValueOfOtherEquityInstrumentsGranted</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=trmd_LongTermIncentivePlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NameOfDirectorAxis=trmd_JacobMeldgaardMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NameOfDirectorAxis=trmd_JacobMeldgaardMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>76
<FILENAME>R69.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6804699488">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STAFF COSTS - Parentheticals (Details 3) - kr / shares<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 13, 2016</div></th>
<th class="th"><div>Dec. 12, 2016</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfOtherEquityInstrumentsVesting', window );">Vesting percentage of RSU grant</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=trmd_LongTermIncentivePlanMember', window );">Long term incentive plan | Jacob Meldgaard</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement', window );">Exercise price of RSU</a></td>
<td class="nump">kr 93.6<span></span>
</td>
<td class="nump">kr 96.3<span></span>
</td>
<td class="nump">kr 96.3<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">LTIP award is fixed by the Board of Directors and was communicated via company announcement no. 2 of 18 January 2016. Therefore there is no minimum or maximum for 2017.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems</td>
</tr>
<tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the exercise price per share of other equity instruments (ie other than share options) in share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ExercisePricePerShareOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfOtherEquityInstrumentsVesting">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage Of Other Equity Instruments Vesting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfOtherEquityInstrumentsVesting</td>
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<td>num:percentItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
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<td>duration</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=trmd_LongTermIncentivePlanMember</td>
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<tr>
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<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NameOfDirectorAxis=trmd_JacobMeldgaardMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>77
<FILENAME>R70.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6801075072">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STAFF COSTS (Details 4) - Long term incentive plan - Share<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement', window );">Outstanding 1 January</a></td>
<td class="nump">1,999,800<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted', window );">Granted during the period</a></td>
<td class="nump">866,600<span></span>
</td>
<td class="nump">2,127,400<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement', window );">Exercised during the period</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement', window );">Expired during the period</a></td>
<td class="num">(233,900)<span></span>
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<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement', window );">Forfeited during the period</a></td>
<td class="num">(21,300)<span></span>
</td>
<td class="num">(127,600)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement', window );">Outstanding 31 December</a></td>
<td class="nump">2,611,200<span></span>
</td>
<td class="nump">1,999,800<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement', window );">Exercisable 31 December</a></td>
<td class="nump">255,300<span></span>
</td>
<td class="nump">538,900<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of other equity instruments (ie other than share options) granted in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of other equity instruments (ie other than share options) exercisable in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of other equity instruments (ie other than share options) exercised or vested in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of other equity instruments (ie other than share options) expired in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfOtherEquityInstrumentsExpiredInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of other equity instruments (ie other than share options) forfeited in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of other equity instruments (ie other than share options) outstanding in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=trmd_LongTermIncentivePlanMember</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>78
<FILENAME>R71.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6801570016">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STAFF COSTS (Detail Textuals)<br></strong></div></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="4">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Jan. 31, 2017 </div>
<div>Share</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($) </div>
<div>Share </div>
<div>seafarer</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>Share </div>
<div>kr / shares</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($) </div>
<div>Share </div>
<div>seafarer</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($) </div>
<div>Share </div>
<div>seafarer</div>
</th>
<th class="th">
<div>Dec. 31, 2014 </div>
<div>Share</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Disclosure Of Employee Benefits [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses', window );">Number of seafarers for which staff costs included in operating expenses | seafarer</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">131<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">137<span></span>
</td>
<td class="nump">65<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_VestingPeriodOfOtherEquityInstrumentsGranted', window );">Vesting period of RSUs granted</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfOtherEquityInstrumentsVesting', window );">Vesting percentage of RSU grant</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=trmd_LongTermIncentivePlanMember', window );">Long term incentive plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Disclosure Of Employee Benefits [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted', window );">Number of RSUs granted</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">866,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,127,400<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement', window );">Number of RSUs outstanding as of date</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,611,200<span></span>
</td>
<td class="nump">2,611,200<span></span>
</td>
<td class="nump">1,999,800<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=ifrs-full_KeyManagementPersonnelOfEntityOrParentMember', window );">Key management personnel of entity or parent</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Disclosure Of Employee Benefits [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensation', window );">Agreegate compensation paid | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,625,425<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,735,563<span></span>
</td>
<td class="nump">$ 2,944,715<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits', window );">Agrergate compensation paid for pensions | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 112,236<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 93,163<span></span>
</td>
<td class="nump">$ 180,354<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_ChiefExecutiveOfficerCEOMember', window );">Chief executive officer | Long term incentive plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEmployeeBenefitsLineItems', window );"><strong>Disclosure Of Employee Benefits [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_VestingPeriodOfOtherEquityInstrumentsGranted', window );">Vesting period of RSUs granted</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InstallmentOfGrantAmountVestingAtEachAnniversary', window );">Installment of RSUs vesting at each anniversary date</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfSharesVestedAtFirstAnniversaryOtherEquityInstruments', window );">Number Of Shares Vested At First Anniversary Other Equity Instruments</a></td>
<td class="nump">255,345<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted', window );">Number of RSUs granted</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,276,725<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfOtherEquityInstrumentsVesting', window );">Vesting percentage of RSU grant</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement', window );">Number of RSUs outstanding as of date</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,021,380<span></span>
</td>
<td class="nump">1,021,380<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ValueOfOtherEquityInstrumentsGranted', window );">Value of RSUs grant | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MarketPricePerShare', window );">Market value of one TORM A-share (the closing price on 15 January 2016) | kr / shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">kr 84.05<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_KeyManagementPersonnelCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel. [Refer: Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_KeyManagementPersonnelCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel in the form of post-employment benefits. [Refer: Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2017-03-01&amp;anchor=para_17_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of other equity instruments (ie other than share options) granted in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of other equity instruments (ie other than share options) outstanding in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfEmployeeBenefitsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfEmployeeBenefitsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_InstallmentOfGrantAmountVestingAtEachAnniversary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents installment of the grant amount vesting at each anniversary date of other equity instruments (ie other than share options) in share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_InstallmentOfGrantAmountVestingAtEachAnniversary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_MarketPricePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the market price per share of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_MarketPricePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of seafarer employees for which staff costs included in operating expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfSeafarerEmployeesForWhichStaffCostsIncludedInOperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfSharesVestedAtFirstAnniversaryOtherEquityInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of one fifth grant other equity instruments (ie other than share options) vested in share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfSharesVestedAtFirstAnniversaryOtherEquityInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfOtherEquityInstrumentsVesting">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage Of Other Equity Instruments Vesting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfOtherEquityInstrumentsVesting</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ValueOfOtherEquityInstrumentsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the value of other equity instruments (ie other than share options) granted in share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ValueOfOtherEquityInstrumentsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_VestingPeriodOfOtherEquityInstrumentsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the vesting perid of other equity instruments (ie other than share options) in share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_VestingPeriodOfOtherEquityInstrumentsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=trmd_LongTermIncentivePlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=trmd_LongTermIncentivePlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=ifrs-full_KeyManagementPersonnelOfEntityOrParentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=ifrs-full_KeyManagementPersonnelOfEntityOrParentMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_ChiefExecutiveOfficerCEOMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_ChiefExecutiveOfficerCEOMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>79
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6827410016">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>STAFF COSTS (Detail Textuals 1) - kr / shares<br></strong></div></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jan. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_VestingPeriodOfOtherEquityInstrumentsGranted', window );">Vesting period of RSUs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">3 years<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate', window );">Exercise period of RSUs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">6 months<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=trmd_LongTermIncentivePlanMember', window );">Long term incentive plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ExercisePriceOfOtherEquityInstrumentsAfterVestingDate', window );">Exercise price of RSUs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">kr 93.5<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=trmd_LongTermIncentivePlanMember', window );">Long term incentive plan | Chief executive officer</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_VestingPeriodOfOtherEquityInstrumentsGranted', window );">Vesting period of RSUs</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">5 years<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate', window );">Exercise period of RSUs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">12 months<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents exercise period of other equity instruments (ie other than share options) after vesting date in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ExercisePeriodOfOtherEquityInstrumentsAfterVestingDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ExercisePriceOfOtherEquityInstrumentsAfterVestingDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents exercise price of other equity instruments (ie other than share options) after vesting date in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ExercisePriceOfOtherEquityInstrumentsAfterVestingDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_VestingPeriodOfOtherEquityInstrumentsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the vesting perid of other equity instruments (ie other than share options) in share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_VestingPeriodOfOtherEquityInstrumentsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=trmd_LongTermIncentivePlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=trmd_LongTermIncentivePlanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_ChiefExecutiveOfficerCEOMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_ChiefExecutiveOfficerCEOMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>80
<FILENAME>R73.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6798006720">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>REMUNERATION TO AUDITORS APPOINTED AT THE PARENT COMPANY'S ANNUAL GENERAL MEETING (Details) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AuditFeesAbstract', window );"><strong>Audit fees</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AuditFeesForAuditOfAnnualAccounts', window );">Fees payable to the Company's auditor for the audit of the Company's annual accounts</a></td>
<td class="nump">$ 0.4<span></span>
</td>
<td class="nump">$ 0.4<span></span>
</td>
<td class="nump">$ 0.2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AuditFeesForAuditOfSubsidiariesPursuantToLegislation', window );">Audit of the Company's subsidiaries pursuant to legislation</a></td>
<td class="nump">0.2<span></span>
</td>
<td class="nump">0.1<span></span>
</td>
<td class="nump">0.1<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AuditFees', window );">Total audit fees</a></td>
<td class="nump">0.6<span></span>
</td>
<td class="nump">0.5<span></span>
</td>
<td class="nump">0.3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NonAuditFeesAbstract', window );"><strong>Non-audit fees</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AuditorsRemunerationForAuditServices', window );">Audit related services</a></td>
<td class="nump">0.4<span></span>
</td>
<td class="nump">0.6<span></span>
</td>
<td class="nump">1.1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AuditorsRemunerationForTaxServices', window );">Tax services</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.3<span></span>
</td>
<td class="nump">0.5<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AuditorsRemunerationForOtherServices', window );">Other services</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.1<span></span>
</td>
<td class="nump">0.2<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NonAuditFees', window );">Total non-audit fees</a></td>
<td class="nump">0.4<span></span>
</td>
<td class="nump">1.0<span></span>
</td>
<td class="nump">1.8<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AuditorsRemuneration', window );">Total</a></td>
<td class="nump">$ 1.0<span></span>
</td>
<td class="nump">$ 1.5<span></span>
</td>
<td class="nump">$ 2.1<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AuditorsRemuneration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable to the entity's auditors.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AuditorsRemuneration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AuditorsRemunerationForAuditServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable to the entity's auditors for auditing services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AuditorsRemunerationForAuditServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AuditorsRemunerationForOtherServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable to the entity's auditors for services that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AuditorsRemunerationForOtherServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AuditorsRemunerationForTaxServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable to the entity's auditors for tax services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AuditorsRemunerationForTaxServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AuditFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to audit fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AuditFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AuditFeesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents audit fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AuditFeesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AuditFeesForAuditOfAnnualAccounts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable for the audit of the company's annual accounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AuditFeesForAuditOfAnnualAccounts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AuditFeesForAuditOfSubsidiariesPursuantToLegislation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable for the audit of the company's subsidiaries pursuant to legislation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AuditFeesForAuditOfSubsidiariesPursuantToLegislation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NonAuditFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to non-audit fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NonAuditFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NonAuditFeesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents non audit fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NonAuditFeesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>81
<FILENAME>R74.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6807590320">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>REMUNERATION TO AUDITORS APPOINTED AT THE PARENT COMPANY'S ANNUAL GENERAL MEETING (Detail Textuals) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AuditorsRemunerationAbstract', window );"><strong>Auditor's remuneration [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AuditorsRemuneration', window );">Auditor's remuneration</a></td>
<td class="nump">$ 1.0<span></span>
</td>
<td class="nump">$ 1.5<span></span>
</td>
<td class="nump">$ 2.1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AuditFees', window );">Total audit fees</a></td>
<td class="nump">0.6<span></span>
</td>
<td class="nump">0.5<span></span>
</td>
<td class="nump">0.3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AuditorsRemunerationForAuditServices', window );">Auditor's remuneration for audit services</a></td>
<td class="nump">0.4<span></span>
</td>
<td class="nump">0.6<span></span>
</td>
<td class="nump">1.1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AuditorsRemunerationForTaxServices', window );">Auditor's remuneration for tax services</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.3<span></span>
</td>
<td class="nump">0.5<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AuditorsRemunerationForOtherServices', window );">Auditor's remuneration for other services</a></td>
<td class="nump">$ 0.0<span></span>
</td>
<td class="nump">$ 0.1<span></span>
</td>
<td class="nump">$ 0.2<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AuditorsRemuneration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable to the entity's auditors.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AuditorsRemuneration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AuditorsRemunerationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AuditorsRemunerationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AuditorsRemunerationForAuditServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable to the entity's auditors for auditing services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AuditorsRemunerationForAuditServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AuditorsRemunerationForOtherServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable to the entity's auditors for services that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AuditorsRemunerationForOtherServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AuditorsRemunerationForTaxServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable to the entity's auditors for tax services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AuditorsRemunerationForTaxServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AuditFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to audit fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AuditFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>82
<FILENAME>R75.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6801733072">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INTANGIBLE ASSETS (Details) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill at begining of period</a></td>
<td class="nump">$ 0.0<span></span>
</td>
<td class="nump">$ 11.4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill at end of period</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">$ 11.4<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
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<td class="nump">11.4<span></span>
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<td class="nump">11.4<span></span>
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<td class="nump">0.0<span></span>
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<td class="nump">0.0<span></span>
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<td class="nump">0.0<span></span>
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<td class="nump">11.4<span></span>
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<td class="nump">11.4<span></span>
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<td class="nump">11.4<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill at begining of period</a></td>
<td class="num">(11.4)<span></span>
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<td class="nump">0.0<span></span>
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<td class="nump">0.0<span></span>
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<td class="num">(11.4)<span></span>
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<td class="nump">0.0<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill at end of period</a></td>
<td class="num">$ (11.4)<span></span>
</td>
<td class="num">$ (11.4)<span></span>
</td>
<td class="nump">$ 0.0<span></span>
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<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additional goodwill recognised, except goodwill included in a disposal group that, on acquisition, meets the criteria to be classified as held for sale in accordance with IFRS 5. [Refer: Goodwill; Disposal groups classified as held for sale [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B67<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B67_d_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionalRecognitionGoodwill</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for impairment loss on goodwill recognised in profit or loss to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Goodwill; Impairment loss; Impairment loss recognised in profit or loss]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Goodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B67<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B67_d&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 134<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_134_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 135<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_135_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Goodwill</td>
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<td>instant</td>
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<tr>
<td><strong> Name:</strong></td>
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<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6829036688">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>TANGIBLE FIXED ASSETS (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">$ 1,389,650<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">1,384,795<span></span>
</td>
<td class="nump">$ 1,389,650<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PrepaymentsOnVesselsAbstract', window );"><strong>Prepayments On Vessels [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentPrepayments', window );">Balance</a></td>
<td class="nump">44,036<span></span>
</td>
<td class="nump">72,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentPrepayments', window );">Balance</a></td>
<td class="nump">88,378<span></span>
</td>
<td class="nump">44,036<span></span>
</td>
<td class="nump">$ 72,600<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember', window );">Vessels and capitalized dry docking</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">1,343,800<span></span>
</td>
<td class="nump">1,492,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">1,294,500<span></span>
</td>
<td class="nump">1,343,800<span></span>
</td>
<td class="nump">1,492,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PrepaymentsOnVesselsAbstract', window );"><strong>Prepayments On Vessels [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentPrepayments', window );">Balance</a></td>
<td class="nump">44,100<span></span>
</td>
<td class="nump">72,600<span></span>
</td>
<td class="nump">34,700<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PrepaymentsOnVesselsAdditions', window );">Additions</a></td>
<td class="nump">44,300<span></span>
</td>
<td class="nump">76,900<span></span>
</td>
<td class="nump">142,500<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems', window );">Transferred to/from other items</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(105,400)<span></span>
</td>
<td class="num">(104,600)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentPrepayments', window );">Balance</a></td>
<td class="nump">88,400<span></span>
</td>
<td class="nump">44,100<span></span>
</td>
<td class="nump">72,600<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember', window );">Vessels and capitalized dry docking | Property, plant and equipment subject to operating leases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">12,400<span></span>
</td>
<td class="nump">13,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">28,600<span></span>
</td>
<td class="nump">12,400<span></span>
</td>
<td class="nump">13,100<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember', window );">Vessels and capitalized dry docking | Gross</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">1,697,400<span></span>
</td>
<td class="nump">1,567,500<span></span>
</td>
<td class="nump">530,100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">103,100<span></span>
</td>
<td class="nump">40,800<span></span>
</td>
<td class="nump">112,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions from business combinations</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">857,400<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="num">(14,300)<span></span>
</td>
<td class="num">(16,300)<span></span>
</td>
<td class="num">(18,600)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment', window );">Transferred to/from other items</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">105,400<span></span>
</td>
<td class="nump">104,600<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment', window );">Transferred to assets held-for-sale</a></td>
<td class="num">(59,600)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(18,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">1,726,600<span></span>
</td>
<td class="nump">1,697,400<span></span>
</td>
<td class="nump">1,567,500<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember', window );">Vessels and capitalized dry docking | Accumulated depreciation, amortisation and impairment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">180,000<span></span>
</td>
<td class="nump">75,500<span></span>
</td>
<td class="nump">27,900<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="num">(14,300)<span></span>
</td>
<td class="num">(15,900)<span></span>
</td>
<td class="num">(18,600)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation for the year</a></td>
<td class="nump">113,600<span></span>
</td>
<td class="nump">120,400<span></span>
</td>
<td class="nump">66,500<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment', window );">Transferred to assets held-for-sale</a></td>
<td class="num">(20,800)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(300)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">258,500<span></span>
</td>
<td class="nump">180,000<span></span>
</td>
<td class="nump">75,500<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember', window );">Vessels and capitalized dry docking | Accumulated impairment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">173,600<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment', window );">Impairment losses on tangible fixed assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">173,600<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">173,600<span></span>
</td>
<td class="nump">173,600<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_OtherPropertyPlantAndEquipmentMember', window );">Other property, plant and equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">1,800<span></span>
</td>
<td class="nump">2,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">1,900<span></span>
</td>
<td class="nump">1,800<span></span>
</td>
<td class="nump">2,500<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_OtherPropertyPlantAndEquipmentMember', window );">Other property, plant and equipment | Property, plant and equipment subject to operating leases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_OtherPropertyPlantAndEquipmentMember', window );">Other property, plant and equipment | Gross</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">2,700<span></span>
</td>
<td class="nump">3,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">1,000<span></span>
</td>
<td class="nump">1,100<span></span>
</td>
<td class="nump">900<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions from business combinations</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,500<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="num">(100)<span></span>
</td>
<td class="num">(1,600)<span></span>
</td>
<td class="num">(200)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">3,600<span></span>
</td>
<td class="nump">2,700<span></span>
</td>
<td class="nump">3,200<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_OtherPropertyPlantAndEquipmentMember', window );">Other property, plant and equipment | Accumulated depreciation, amortisation and impairment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">900<span></span>
</td>
<td class="nump">700<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Disposals</a></td>
<td class="num">(100)<span></span>
</td>
<td class="num">(1,600)<span></span>
</td>
<td class="num">(200)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation for the year</a></td>
<td class="nump">900<span></span>
</td>
<td class="nump">1,800<span></span>
</td>
<td class="nump">900<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Balance</a></td>
<td class="nump">$ 1,700<span></span>
</td>
<td class="nump">$ 900<span></span>
</td>
<td class="nump">$ 700<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in property, plant and equipment resulting from acquisitions through business combinations. [Refer: Business combinations [member]; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_73_e_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additions to property, plant and equipment other than those acquired through business combinations. [Refer: Business combinations [member]; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_73_e_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease in property, plant and equipment through classification as held for sale or inclusion in a disposal group classified as held for sale. [Refer: Disposal groups classified as held for sale [member]; Property, plant and equipment; Disposal groups classified as held for sale [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_73_e_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation of property, plant and equipment. [Refer: Depreciation and amortisation expense; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause vii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_73_e_vii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 75<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_75_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisposalsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease in property, plant and equipment resulting from disposals. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_73_e_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisposalsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss recognised in profit or loss for property, plant and equipment. [Refer: Impairment loss recognised in profit or loss; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_73_e_v&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 98<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_98_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in property, plant and equipment resulting from changes that the entity does not separately disclose in the same statement or note. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_73_e_ix&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughOtherChangesPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentPrepayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current prepayments. [Refer: Prepayments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentPrepayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PrepaymentsOnVesselsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PrepaymentsOnVesselsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PrepaymentsOnVesselsAdditions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additions to prepayments on vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PrepaymentsOnVesselsAdditions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PrepaymentsOnVesselsTransferredToFromOtherItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of transferred to from other items to prepayments on vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PrepaymentsOnVesselsTransferredToFromOtherItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis=ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis=ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedImpairmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_OtherPropertyPlantAndEquipmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_OtherPropertyPlantAndEquipmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>84
<FILENAME>R77.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6817972672">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>TANGIBLE FIXED ASSETS (Detail Textuals) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationExpense', window );">Depreciation expense relates to administrative expense</a></td>
<td class="nump">$ 114,451<span></span>
</td>
<td class="nump">$ 122,215<span></span>
</td>
<td class="nump">$ 67,327<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember', window );">Vessels and capitalized dry docking</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestCostsCapitalised', window );">Capitalized dry-docking costs</a></td>
<td class="nump">68,100<span></span>
</td>
<td class="nump">80,400<span></span>
</td>
<td class="nump">81,700<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_OtherPropertyPlantAndEquipmentMember', window );">Other property, plant and equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationExpense', window );">Depreciation expense relates to administrative expense</a></td>
<td class="nump">$ 900<span></span>
</td>
<td class="nump">$ 1,800<span></span>
</td>
<td class="nump">$ 900<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation expense. Depreciation is the systematic allocation of depreciable amounts of tangible assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestCostsCapitalised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest costs that an entity incurs in connection with the borrowing of funds that are directly attributable to the acquisition, construction or production of a qualifying asset and which form part of the cost of that asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestCostsCapitalised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=trmd_VesselsAndCapitalizedDryDockingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_OtherPropertyPlantAndEquipmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_OtherPropertyPlantAndEquipmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>85
<FILENAME>R78.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6746583104">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>IMPAIRMENT TESTING (Details textuals) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitAbstract', window );"><strong>Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PeriodOverWhichAdjustedAverageRatesAreConsideredForEstimatingFutureFreightRates', window );">Projected cash flows calculation period</a></td>
<td class="text">10 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ImpairmentLossInCaseClarksonFreightRatesWereUsed', window );">Impairment charge arising in current year</a></td>
<td class="nump">$ 20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse', window );">Discount rate used in calculation based on a Weighted Average Cost of Capital (WACC)</a></td>
<td class="nump">8.70%<span></span>
</td>
<td class="nump">8.80%<span></span>
</td>
<td class="nump">8.30%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The discount rate used in the current estimate of the present value of the future cash flows expected to be derived from an asset or cash-generating unit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 130<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_130_g&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ImpairmentLossInCaseClarksonFreightRatesWereUsed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The impairment charge for current year if clarkson's freight rates would have been used.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ImpairmentLossInCaseClarksonFreightRatesWereUsed</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PeriodOverWhichAdjustedAverageRatesAreConsideredForEstimatingFutureFreightRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period over which adjusted average rates are considered for estimating future freight rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PeriodOverWhichAdjustedAverageRatesAreConsideredForEstimatingFutureFreightRates</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>86
<FILENAME>R79.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6801057280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>IMPAIRMENT TESTING (Details textuals 1) - USD ($)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems', window );"><strong>Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DescriptionOfHistoricalAverageSpotFreightRates', window );">Historical average spot freight rates</a></td>
<td class="text">10-year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_VesselClassAxis=trmd_VesselClassLrTwoMember', window );">LR2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems', window );"><strong>Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation', window );">Amended historical average spot rate used in per day freight rate calculation</a></td>
<td class="nump">$ 17,216<span></span>
</td>
<td class="nump">$ 20,176<span></span>
</td>
<td class="nump">$ 21,975<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_VesselClassAxis=trmd_VesselClassLrOneMember', window );">LR1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems', window );"><strong>Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation', window );">Amended historical average spot rate used in per day freight rate calculation</a></td>
<td class="nump">16,445<span></span>
</td>
<td class="nump">17,124<span></span>
</td>
<td class="nump">18,900<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_VesselClassAxis=trmd_VesselClassMrMember', window );">MR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems', window );"><strong>Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation', window );">Amended historical average spot rate used in per day freight rate calculation</a></td>
<td class="nump">15,794<span></span>
</td>
<td class="nump">15,118<span></span>
</td>
<td class="nump">16,948<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_VesselClassAxis=trmd_VesselClassHandysizeMember', window );">Handysize</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems', window );"><strong>Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation', window );">Amended historical average spot rate used in per day freight rate calculation</a></td>
<td class="nump">$ 14,416<span></span>
</td>
<td class="nump">$ 15,203<span></span>
</td>
<td class="nump">$ 17,868<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitLineItems</td>
</tr>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents amount of amended historical average spot freight rates per day used in the calculation of value-in-use.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AmendedHistoricalAverageSpotFreightRatePerDayUsedInValueInUseCalculation</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td>instant</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of historical information about average spot freight rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DescriptionOfHistoricalAverageSpotFreightRates</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_VesselClassAxis=trmd_VesselClassMrMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_VesselClassAxis=trmd_VesselClassMrMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_VesselClassAxis=trmd_VesselClassHandysizeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_VesselClassAxis=trmd_VesselClassHandysizeMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>87
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6828798608">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>IMPAIRMENT TESTING (Details textuals 2) - USD ($)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitAbstract', window );"><strong>Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfAdjustmentOfOperatingExpensesForInflation', window );">Adjustment of operating expenses for inflation, percentage</a></td>
<td class="nump">3.00%<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfAdjustmentOfAdministrativeExpensesForInflation', window );">Adjustment of administrative expenses for inflation, percentage</a></td>
<td class="nump">2.00%<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ExpectedToGenerateNormalIncomeFromDeliveryFromShipyardPeriod', window );">Expected to generate normal income from delivery from shipyard</a></td>
<td class="text">25 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AverageRemainingLifeOfTanker', window );">Average remaining life of tanker</a></td>
<td class="text">14 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionPerDayFreightRates', window );">Decrease/increase in tanker per day freight rates</a></td>
<td class="nump">$ 1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionPerDayFreightRates', window );">Decrease/increase in value in use of freight rates</a></td>
<td class="nump">$ 241,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionWeightedAverageCostOfCapital', window );">Increase/decrease in WACC percentage</a></td>
<td class="nump">1.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionWeightedAverageCostOfCapital', window );">Decrease/increase in value in use of WACC</a></td>
<td class="text">USD 100-112m<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionOperatingExpenses', window );">Increase/decrease in operating expenses percentage</a></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionOperatingExpenses', window );">Decrease/increase in value in use of operating expenses</a></td>
<td class="nump">$ 187,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ReversalOfImpairmentLossIfUpsideOfSensitivityAnalysisApplied', window );">Reversal of impairment</a></td>
<td class="nump">159,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit', window );">Market value based on broker values of vessels</a></td>
<td class="nump">1,672,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount', window );">Difference of Market value and Carrying amount</a></td>
<td class="nump">$ 20,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount by which a cash-generating unit's (group of units') recoverable amount exceeds its carrying amount. [Refer: Carrying amount [member]; Cash-generating units [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 134<br> -Subparagraph f<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_134_f_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 135<br> -Subparagraph e<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_135_e_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The higher of an asset&#8217;s (or cash-generating unit&#8217;s) fair value less costs of disposal and its value in use. [Refer: Cash-generating units [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 130<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_130_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AverageRemainingLifeOfTanker">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents term of average remaining life of tanker.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AverageRemainingLifeOfTanker</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ExpectedToGenerateNormalIncomeFromDeliveryFromShipyardPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents period expected to generate normal income from delivery from shipyard.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ExpectedToGenerateNormalIncomeFromDeliveryFromShipyardPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfAdjustmentOfAdministrativeExpensesForInflation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents percentage of adjustment of administrative expenses for inflation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfAdjustmentOfAdministrativeExpensesForInflation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfAdjustmentOfOperatingExpensesForInflation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents percentage of adjustment of operating expenses for inflation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfAdjustmentOfOperatingExpensesForInflation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ReversalOfImpairmentLossIfUpsideOfSensitivityAnalysisApplied">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The reversal of impairment loss that would have been recorded if upside of sensitivity analysis is applied.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ReversalOfImpairmentLossIfUpsideOfSensitivityAnalysisApplied</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionOperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents a specified rate variance in a specified key assumption operating expense in the determination of value in use.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionOperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionPerDayFreightRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents a specified rate variance in a specified key assumption freight rate in the determination of value in use.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionPerDayFreightRates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionWeightedAverageCostOfCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents a specified rate variance in a specified key assumption weighted average cost of capital in the determination of value in use.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityAnalysisOfValueInUseChangeInKeyAssumptionWeightedAverageCostOfCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionOperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the impact on value in use due to a specified change in the operating expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionOperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionPerDayFreightRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the impact on value in use due to a specified change in the freight rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionPerDayFreightRates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionWeightedAverageCostOfCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the impact on value in use due to a specified change in the weighted average cost of capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityAnalysisOfValueInUseImpactOfChangeInKeyAssumptionWeightedAverageCostOfCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
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</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>88
<FILENAME>R81.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6804783024">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>FINANCIAL ITEMS (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_FinancialIncomeAbstract', window );"><strong>Financial income</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestIncomeOnCashAndCashEquivalents', window );">Interest income from cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 1,600<span></span>
</td>
<td class="nump">$ 200<span></span>
</td>
<td class="nump">$ 300<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetForeignExchangeGain', window );">Exchange rate adjustments, including gain from forward exchange rate contracts</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,700<span></span>
</td>
<td class="nump">2,800<span></span>
</td>
<td class="nump">700<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,255<span></span>
</td>
<td class="nump">2,814<span></span>
</td>
<td class="nump">992<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_FinancialExpensesAbstract', window );"><strong>Financial expenses</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpenseOnBorrowings', window );">Interest expenses on mortgage and bank debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">33,300<span></span>
</td>
<td class="nump">29,700<span></span>
</td>
<td class="nump">15,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetForeignExchangeLoss', window );">Exchange rate adjustments, including loss from forward exchange rate contracts</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,200<span></span>
</td>
<td class="nump">2,600<span></span>
</td>
<td class="nump">600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpenseOnOtherFinancialLiabilities', window );">Other financial expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,100<span></span>
</td>
<td class="nump">5,200<span></span>
</td>
<td class="nump">1,300<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">40,601<span></span>
</td>
<td class="nump">37,333<span></span>
</td>
<td class="nump">16,926<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncomeCost', window );">Total financial items</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (36,300)<span></span>
</td>
<td class="num">$ (34,500)<span></span>
</td>
<td class="num">$ (15,900)<span></span>
</td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Interest for financial assets and liabilities not at fair value through profit and loss.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs associated with financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncomeCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income or cost associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncomeCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestExpenseOnBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest expense on borrowings. [Refer: Interest expense; Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpenseOnBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestExpenseOnOtherFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest expense on other financial liabilities. [Refer: Interest expense; Other financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpenseOnOtherFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestIncomeOnCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest income on cash and cash equivalents. [Refer: Interest income; Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestIncomeOnCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetForeignExchangeGain">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net gain arising from foreign exchange differences. [Refer: Foreign exchange gain (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2017-01-01<br> -Paragraph 52<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=21&amp;date=2017-03-01&amp;anchor=para_52_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetForeignExchangeGain</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net loss arising from foreign exchange differences. [Refer: Foreign exchange gain (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2017-01-01<br> -Paragraph 52<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=21&amp;date=2017-03-01&amp;anchor=para_52_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetForeignExchangeLoss</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_FinancialExpensesAbstract</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents financial income abstract.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_FinancialIncomeAbstract</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6825338704">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>FREIGHT RECEIVABLES (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Total net</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 500,000<span></span>
</td>
<td class="nump">$ 200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Total net</a></td>
<td class="nump">72,600<span></span>
</td>
<td class="nump">65,100<span></span>
</td>
<td class="nump">84,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedImpairmentMember', window );">Provision for impairment of freight receivables</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Total net</a></td>
<td class="nump">1,300,000<span></span>
</td>
<td class="nump">2,600,000<span></span>
</td>
<td class="nump">1,700,000<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember', window );">Financial assets neither past due nor impaired | Gross</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Total net</a></td>
<td class="nump">25,500,000<span></span>
</td>
<td class="nump">28,700,000<span></span>
</td>
<td class="nump">40,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsPastDueButNotImpairedMember', window );">Financial assets past due but not impaired | Due before 30 days | Gross</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Total net</a></td>
<td class="nump">26,000,000<span></span>
</td>
<td class="nump">13,000,000<span></span>
</td>
<td class="nump">22,800,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsPastDueButNotImpairedMember', window );">Financial assets past due but not impaired | Due between 30 and 180 days | Gross</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Total net</a></td>
<td class="nump">18,400,000<span></span>
</td>
<td class="nump">18,700,000<span></span>
</td>
<td class="nump">16,400,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=trmd_FinancialAssetsPastDueAndImpairedMember', window );">Financial Assets Past Due And Impaired | Due after 180 days | Gross</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Total net</a></td>
<td class="nump">$ 2,700,000<span></span>
</td>
<td class="nump">$ 4,700,000<span></span>
</td>
<td class="nump">$ 5,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount due from customers for goods and services sold.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeReceivables</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsPastDueButNotImpairedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsPastDueButNotImpairedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PastDueStatusAxis=ifrs-full_CurrentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PastDueStatusAxis=ifrs-full_CurrentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PastDueStatusAxis=ifrs-full_LaterThanOneMonthAndNotLaterThanSixMonthsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PastDueStatusAxis=ifrs-full_LaterThanOneMonthAndNotLaterThanSixMonthsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=trmd_FinancialAssetsPastDueAndImpairedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentOfFinancialAssetsAxis=trmd_FinancialAssetsPastDueAndImpairedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PastDueStatusAxis=ifrs-full_LaterThanSixMonthsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PastDueStatusAxis=ifrs-full_LaterThanSixMonthsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>90
<FILENAME>R83.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6818168608">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>FREIGHT RECEIVABLES (Details 1) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Balance at begining of period</a></td>
<td class="nump">$ 0.5<span></span>
</td>
<td class="nump">$ 0.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Balance at end of period</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.5<span></span>
</td>
<td class="nump">$ 0.2<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedImpairmentMember', window );">Accumulated impairment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Balance at begining of period</a></td>
<td class="nump">2.6<span></span>
</td>
<td class="nump">1.7<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AcquisitionsThroughBusinessCombinationsTradeReceivables', window );">Addition from business combinations</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">1.9<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables', window );">Provisions for the year</a></td>
<td class="nump">0.6<span></span>
</td>
<td class="nump">1.9<span></span>
</td>
<td class="nump">0.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables', window );">Provisions reversed during the year</a></td>
<td class="num">(1.9)<span></span>
</td>
<td class="num">(1.0)<span></span>
</td>
<td class="num">(0.7)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Balance at end of period</a></td>
<td class="nump">$ 1.3<span></span>
</td>
<td class="nump">$ 2.6<span></span>
</td>
<td class="nump">$ 1.7<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFinancialAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss recognised in profit or loss for trade receivables. [Refer: Impairment loss recognised in profit or loss; Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of reversal of impairment loss recognised in profit or loss for trade receivables. [Refer: Reversal of impairment loss recognised in profit or loss; Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount due from customers for goods and services sold.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AcquisitionsThroughBusinessCombinationsTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the increase in trade receivables, resulting from acquisitions through business combinations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AcquisitionsThroughBusinessCombinationsTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedImpairmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedImpairmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>91
<FILENAME>R84.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6801664288">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>FREIGHT RECEIVABLES (Detail Textual) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Receivables individually determined to be impaired</a></td>
<td class="nump">$ 0.0<span></span>
</td>
<td class="nump">$ 0.5<span></span>
</td>
<td class="nump">$ 0.2<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsIndividuallyAssessedForCreditLossesMember', window );">Financial assets individually assessed for credit losses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Receivables individually determined to be impaired</a></td>
<td class="nump">$ 0.0<span></span>
</td>
<td class="nump">$ 0.6<span></span>
</td>
<td class="nump">$ 1.9<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount due from customers for goods and services sold.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsIndividuallyAssessedForCreditLossesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsIndividuallyAssessedForCreditLossesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>92
<FILENAME>R85.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6698252144">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>OTHER RECEIVABLES (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherReceivablesAbstract', window );"><strong>Trade and other receivables [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_CurrentReceivablesRelatedToPartnersAndCommercialManagements', window );">Partners and commercial managements</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 500<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentDerivativeFinancialAssets', window );">Derivative financial instruments</a></td>
<td class="nump">7,600<span></span>
</td>
<td class="nump">3,300<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax', window );">Tax receivables</a></td>
<td class="nump">1,300<span></span>
</td>
<td class="nump">1,100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MiscelleneousOtherCurrentReceivables', window );">Other</a></td>
<td class="nump">2,900<span></span>
</td>
<td class="nump">3,200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherCurrentReceivables', window );">Other receivables (Note 11)</a></td>
<td class="nump">$ 11,787<span></span>
</td>
<td class="nump">$ 8,134<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentDerivativeFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current derivative financial assets. [Refer: Derivative financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentDerivativeFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current receivables from taxes other than income tax. [Refer: Receivables from taxes other than income tax]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current other receivables. [Refer: Other receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherReceivablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherReceivablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_CurrentReceivablesRelatedToPartnersAndCommercialManagements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of current receivables by the entity that is realted to partners and commercial managements</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_CurrentReceivablesRelatedToPartnersAndCommercialManagements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_MiscelleneousOtherCurrentReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to miscelleneous other current receivables of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_MiscelleneousOtherCurrentReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>93
<FILENAME>R86.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6799460224">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>TAX (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract', window );"><strong>Tax for the year</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxExpenseIncome', window );">Current tax for the year</a></td>
<td class="nump">$ 1,000<span></span>
</td>
<td class="nump">$ 1,200<span></span>
</td>
<td class="nump">$ 1,300<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod', window );">Adjustments related to previous years</a></td>
<td class="num">(100)<span></span>
</td>
<td class="num">(300)<span></span>
</td>
<td class="num">(200)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods', window );">Adjustment of deferred tax asset</a></td>
<td class="num">(100)<span></span>
</td>
<td class="num">(100)<span></span>
</td>
<td class="num">(100)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Total</a></td>
<td class="nump">$ 777<span></span>
</td>
<td class="nump">$ 760<span></span>
</td>
<td class="nump">$ 1,041<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments of tax expense (income) recognised in the period for current tax of prior periods.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 80<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_80_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments of tax expense (income) recognised in the period for the deferred tax of prior periods.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 80<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_80&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxExpenseIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 80<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_80_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxExpenseIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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</DOCUMENT>
<DOCUMENT>
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797495248">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>TAX (Details 1) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ChangesInDeferredTaxLiabilityAssetAbstract', window );"><strong>Deferred tax liability</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Balance at 1 January</a></td>
<td class="nump">$ 45.0<span></span>
</td>
<td class="nump">$ 45.1<span></span>
</td>
<td class="nump">$ 0.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset', window );">Addition from business combination</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">45.2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset', window );">Deferred tax for the year</a></td>
<td class="num">(0.1)<span></span>
</td>
<td class="num">(0.1)<span></span>
</td>
<td class="num">(0.1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Balance as of 31 December</a></td>
<td class="nump">$ 44.9<span></span>
</td>
<td class="nump">$ 45.0<span></span>
</td>
<td class="nump">$ 45.1<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ChangesInDeferredTaxLiabilityAssetAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ChangesInDeferredTaxLiabilityAssetAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deferred tax liabilities or assets. [Refer: Deferred tax liabilities; Deferred tax assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in a deferred tax liability (asset). [Refer: Deferred tax liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInDeferredTaxLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in deferred tax liability (asset) resulting from business combinations. [Refer: Deferred tax liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>95
<FILENAME>R88.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6695405296">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>TAX (Details textuals)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract', window );"><strong>Major components of tax expense (income) [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ApplicableTaxRate', window );">Effective tax rate</a></td>
<td class="nump">24.40%<span></span>
</td>
<td class="num">(0.60%)<span></span>
</td>
<td class="nump">0.80%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ApplicableTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The applicable income tax rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ApplicableTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>96
<FILENAME>R89.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6825917856">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>COMMON SHARES &amp; TREASURY SHARES (Details) - shares<br></strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issued</a></td>
<td class="nump">62,298,848<span></span>
</td>
<td class="nump">62,298,848<span></span>
</td>
<td class="nump">63,836,251<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassASharesMember', window );">Common class A shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issued</a></td>
<td class="nump">62,298,846<span></span>
</td>
<td class="nump">62,298,846<span></span>
</td>
<td class="nump">63,836,249<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassBSharesMember', window );">Common class B shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issued</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassCSharesMember', window );">Common class C shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Number of shares issued</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfClassesOfShareCapitalLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares issued by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassASharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassASharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassBSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassBSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassCSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=trmd_CommonClassCSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>97
<FILENAME>R90.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6801774512">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>COMMON SHARES &amp; TREASURY SHARES (Details 1) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_CommonSharesTreasurySharesAbstract', window );"><strong>Common Shares &amp; Treasury Shares [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfTreasurySharesHeld', window );">Balance as of 1 January</a></td>
<td class="nump">312.9<span></span>
</td>
<td class="nump">15.3<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares', window );">Additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">312.9<span></span>
</td>
<td class="nump">15.3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares', window );">Cancellations</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(15.3)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares', window );">Disposals</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfTreasurySharesHeld', window );">Balance as of 31 December</a></td>
<td class="nump">312.9<span></span>
</td>
<td class="nump">312.9<span></span>
</td>
<td class="nump">15.3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NominalValueOfTreasurySharesHeld', window );">Balance as of 1 January</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares', window );">Additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CancellationOfTreasuryShares', window );">Cancellations</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SaleOrIssueOfTreasuryShares', window );">Disposals</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NominalValueOfTreasurySharesHeld', window );">Balance as of 31 December</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfShareCapitalAsTreasurySharesHeld', window );">Balance as of 1 January</a></td>
<td class="nump">0.50%<span></span>
</td>
<td class="nump">0.20%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares', window );">Additions</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.50%<span></span>
</td>
<td class="nump">0.20%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares', window );">Cancellations</a></td>
<td class="nump">(0.00%)<span></span>
</td>
<td class="num">(0.20%)<span></span>
</td>
<td class="nump">(0.00%)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares', window );">Disposals</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfShareCapitalAsTreasurySharesHeld', window );">Balance as of 31 December</a></td>
<td class="nump">0.50%<span></span>
</td>
<td class="nump">0.50%<span></span>
</td>
<td class="nump">0.20%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CancellationOfTreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of treasury stock cancelled during the period. [Refer: Treasury shares]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CancellationOfTreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SaleOrIssueOfTreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in equity resulting from the sale or issue of treasury shares. [Refer: Treasury shares]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SaleOrIssueOfTreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_CommonSharesTreasurySharesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_CommonSharesTreasurySharesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents decrease in number of treasury shares due to cancellation of treasury shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DecreaseInNumberOfTreasurySharesDueToCancellationOfTreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents decrease in number of treasury shares due to sale of treasury shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DecreaseInNumberOfTreasurySharesDueToSaleOfTreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents decrease in share capital due to cancellation of treasury shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DecreaseInPercentageOfShareCapitalDueToCancellationOfTreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents decrease in share capital due to sale of treasury shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DecreaseInPercentageOfShareCapitalDueToSaleOfTreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents increase in number of treasury shares due to repurchase of own shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_IncreaseInNumberOfTreasurySharesDueToRepurchaseOfOwnShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents increase in share capital due to repurchase of own shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_IncreaseInPercentageOfShareCapitalDueToRepurchaseOfOwnShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of additions related to nominal value of treasury shares held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_IncreaseInValueOfShareCapitalDueToRepurchaseOfOwnShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NominalValueOfTreasurySharesHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to nominal value of treasury shares held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NominalValueOfTreasurySharesHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfTreasurySharesHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of treasury shares held as of date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfTreasurySharesHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfShareCapitalAsTreasurySharesHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the percentage of share capital as treasury shares held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfShareCapitalAsTreasurySharesHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>98
<FILENAME>R91.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6818417040">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>COMMON SHARES &amp; TREASURY SHARES (Detail Textuals)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($) </div>
<div>ratio </div>
<div>Board_Member </div>
<div>Vote </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($) </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($) </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2014 </div>
<div>USD ($) </div>
<div>shares</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_CommonSharesTreasurySharesAbstract', window );"><strong>Common Shares &amp; Treasury Shares [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssuedCapital', window );">Share capital</a></td>
<td class="nump">$ 623<span></span>
</td>
<td class="nump">$ 623<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 400<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfVotesInShareCapital', window );">Number of votes in share capital | Vote</a></td>
<td class="nump">350,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MaximumPortionOfAgreegateIssuedAndOutstandingSharesForHoldingRightsAsPerWrittenNotification', window );">Maximum portion of agreegate issued and outstanding shares for holding rights as per written notification | ratio</a></td>
<td class="nump">0.33<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfDaysElapsedFromWrittenNoticeOfBoardOfDirectorsReceipt', window );">Number of days elapsed from written notice of Board of Directors receipt</a></td>
<td class="text">5 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MinimumNumberOfBoardMembersConfirmingWrittenNotice', window );">Minimum number of board members confirming written notice | Board_Member</a></td>
<td class="nump">0.66<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TreasuryShares', window );">Total consideration for the treasury shares</a></td>
<td class="nump">$ 2,887<span></span>
</td>
<td class="nump">$ 2,887<span></span>
</td>
<td class="nump">$ 200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfTreasurySharesHeld', window );">Number of treasury shares held | shares</a></td>
<td class="nump">312.9<span></span>
</td>
<td class="nump">312.9<span></span>
</td>
<td class="nump">15.3<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NominalValueOfTreasurySharesHeld', window );">Nominal value of treasury shares held</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MarketValueOfTreasurySharesHeld', window );">Market value of treasury shares held</a></td>
<td class="nump">$ 2,700<span></span>
</td>
<td class="nump">$ 2,800<span></span>
</td>
<td class="nump">$ 200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssuedCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value of capital issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssuedCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity&#8217;s own equity instruments, held by the entity or other members of the consolidated group.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2017-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=32&amp;date=2017-03-01&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_CommonSharesTreasurySharesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_CommonSharesTreasurySharesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_MarketValueOfTreasurySharesHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to market value of treasury shares held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_MarketValueOfTreasurySharesHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_MaximumPortionOfAgreegateIssuedAndOutstandingSharesForHoldingRightsAsPerWrittenNotification">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents maximum portion of agreegate issued and outstanding shares for holding rights as per written notification.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_MaximumPortionOfAgreegateIssuedAndOutstandingSharesForHoldingRightsAsPerWrittenNotification</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_MinimumNumberOfBoardMembersConfirmingWrittenNotice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the minimum number of board members confirming written notice.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_MinimumNumberOfBoardMembersConfirmingWrittenNotice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NominalValueOfTreasurySharesHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to nominal value of treasury shares held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NominalValueOfTreasurySharesHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfDaysElapsedFromWrittenNoticeOfBoardOfDirectorsReceipt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of days elapsed from written notice of Board of Directors receipt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfDaysElapsedFromWrittenNoticeOfBoardOfDirectorsReceipt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfTreasurySharesHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of treasury shares held as of date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfTreasurySharesHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfVotesInShareCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of votes in share capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfVotesInShareCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>99
<FILENAME>R92.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6698893536">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>OTHER LIABILITIES (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureForOtherLiabilitiesAbstract', window );"><strong>Disclosure For Other Liabilities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PartnersAndCommercialManagements', window );">Partners and commercial managements</a></td>
<td class="nump">$ 1,400<span></span>
</td>
<td class="nump">$ 2,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccrualsClassifiedAsCurrent', window );">Accrued operating expenses</a></td>
<td class="nump">8,500<span></span>
</td>
<td class="nump">5,200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentInterestPayable', window );">Accrued interest</a></td>
<td class="nump">5,200<span></span>
</td>
<td class="nump">5,800<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProvisionsForEmployeeBenefits', window );">Wages and social expenses</a></td>
<td class="nump">16,300<span></span>
</td>
<td class="nump">14,600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentDerivativeFinancialLiabilities', window );">Derivative financial instruments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">4,800<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_CurrentPayablesToJointVentures', window );">Payables to joint ventures</a></td>
<td class="nump">100<span></span>
</td>
<td class="nump">100<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_OtherMiscellneousCurrentLiabilities', window );">Other</a></td>
<td class="nump">2,300<span></span>
</td>
<td class="nump">500<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherCurrentLiabilities', window );">Balance as of 31 December</a></td>
<td class="nump">$ 33,822<span></span>
</td>
<td class="nump">$ 33,055<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AccrualsClassifiedAsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of accruals classified as current. [Refer: Accruals]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AccrualsClassifiedAsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentDerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current derivative financial liabilities. [Refer: Derivative financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentDerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentInterestPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current interest payable. [Refer: Interest payable]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentInterestPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current liabilities that the entity does not separately disclose in the same statement or note. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProvisionsForEmployeeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of provisions for employee benefits. [Refer: Employee benefits expense; Provisions]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProvisionsForEmployeeBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_CurrentPayablesToJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of current payables to joint ventures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_CurrentPayablesToJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureForOtherLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureForOtherLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_OtherMiscellneousCurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to miscelleneous current liabilities that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_OtherMiscellneousCurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PartnersAndCommercialManagements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Partners and commercial managements</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PartnersAndCommercialManagements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>100
<FILENAME>R93.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6825488112">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>EFFECTIVE INTEREST RATE, OUTSTANDING MORTGAGE DEBT AND BANK LOANS (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Effective interest rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">5.10%<span></span>
</td>
<td class="nump">4.60%<span></span>
</td>
<td class="nump">4.30%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Carrying value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 719,100<span></span>
</td>
<td class="nump">$ 671,600<span></span>
</td>
<td class="nump">$ 767,200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Hereof non-current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">629,198<span></span>
</td>
<td class="nump">593,912<span></span>
</td>
<td class="nump">717,500<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShorttermBorrowings', window );">Hereof current</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 86,000<span></span>
</td>
<td class="nump">$ 75,900<span></span>
</td>
<td class="nump">$ 49,700<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_DsfFacilityMember', window );">DSF Facility 1</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2021<span></span>
</td>
<td class="text">2019<span></span>
</td>
<td class="text">2019<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Effective interest rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">5.40%<span></span>
</td>
<td class="nump">4.60%<span></span>
</td>
<td class="nump">41.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Carrying value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 74,300<span></span>
</td>
<td class="nump">$ 109,400<span></span>
</td>
<td class="nump">$ 125,700<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Hereof non-current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 74,300<span></span>
</td>
<td class="nump">$ 109,400<span></span>
</td>
<td class="nump">$ 125,700<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_TermFacilityMember', window );">TFA Facility 1</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2021<span></span>
</td>
<td class="text">2021<span></span>
</td>
<td class="text">2021<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Effective interest rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">5.00%<span></span>
</td>
<td class="nump">4.60%<span></span>
</td>
<td class="nump">4.30%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Carrying value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 400,800<span></span>
</td>
<td class="nump">$ 470,000<span></span>
</td>
<td class="nump">$ 548,900<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Hereof non-current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 400,800<span></span>
</td>
<td class="nump">$ 470,000<span></span>
</td>
<td class="nump">$ 548,900<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_DsfFacilityThreeMember', window );">DSF Facility 3</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2021<span></span>
</td>
<td class="text">2021<span></span>
</td>
<td class="text">2021<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Effective interest rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">5.00%<span></span>
</td>
<td class="nump">4.60%<span></span>
</td>
<td class="nump">44.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Carrying value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 56,500<span></span>
</td>
<td class="nump">$ 62,200<span></span>
</td>
<td class="nump">$ 66,600<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Hereof non-current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 56,500<span></span>
</td>
<td class="nump">$ 62,200<span></span>
</td>
<td class="nump">$ 66,600<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_DsfFacilityFourMember', window );">DSF Facility 4</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2022<span></span>
</td>
<td class="text">2022<span></span>
</td>
<td class="text">2019<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Effective interest rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">5.10%<span></span>
</td>
<td class="nump">4.80%<span></span>
</td>
<td class="nump">41.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Carrying value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 26,800<span></span>
</td>
<td class="nump">$ 30,000<span></span>
</td>
<td class="nump">$ 26,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Hereof non-current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 26,800<span></span>
</td>
<td class="nump">30,000<span></span>
</td>
<td class="nump">26,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_TermFacilityTwoMember', window );">TFA Facility 2</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2022<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Effective interest rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">5.40%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Carrying value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 115,000<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Hereof non-current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 115,000<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_IngFacilityMember', window );">ING</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsMaturity', window );">Maturity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2024<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Effective interest rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">4.60%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Carrying value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 45,800<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Hereof non-current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 45,800<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FloatingInterestRateMember', window );">Floating interest rate | DSF Facility 1</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Fixed/floating</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Floating<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FloatingInterestRateMember', window );">Floating interest rate | TFA Facility 1</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Fixed/floating</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Floating<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FloatingInterestRateMember', window );">Floating interest rate | DSF Facility 3</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Fixed/floating</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Floating<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FloatingInterestRateMember', window );">Floating interest rate | DSF Facility 4</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Fixed/floating</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Floating<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FloatingInterestRateMember', window );">Floating interest rate | TFA Facility 2</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Fixed/floating</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Floating<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FloatingInterestRateMember', window );">Floating interest rate | ING</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Fixed/floating</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Floating<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Effective interest rate includes deferred and amortized bank fees.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">The carrying value of the Group's mortgage debt and bank loans is, due to their short-term nature of fixing of interest, approximate to fair value, and excludes amortized bank fees.</td>
</tr>
</table></td></tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Borrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of outstanding funds that the entity is obligated to repay.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Borrowings</td>
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<tr>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The interest rate on borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsInterestRate</td>
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<tr>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsInterestRateBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsInterestRateBasis</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsMaturity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maturity of borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsMaturity</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShorttermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShorttermBorrowings</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=trmd_DsfFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_DsfFacilityMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=trmd_TermFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_TermFacilityMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_DsfFacilityThreeMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=trmd_DsfFacilityFourMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_DsfFacilityFourMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_TermFacilityTwoMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=trmd_IngFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_IngFacilityMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FloatingInterestRateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FloatingInterestRateMember</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6801434512">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>EFFECTIVE INTEREST RATE, OUTSTANDING MORTGAGE DEBT AND BANK LOANS (Detail Textuals)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
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<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($) </div>
<div>Bank </div>
<div>Tankers </div>
<div>Newbuildings</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
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<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($)</div>
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<div>Jul. 31, 2015 </div>
<div>USD ($)</div>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UndrawnBorrowingFacilities', window );">Working capital facility</a></td>
<td class="nump">$ 271<span></span>
</td>
<td class="nump">$ 190<span></span>
</td>
<td class="nump">$ 75<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CapitalCommitments', window );">Funding commitment</a></td>
<td class="nump">307<span></span>
</td>
<td class="nump">$ 149<span></span>
</td>
<td class="nump">$ 224<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_DanishShipFinanceMember', window );">Danish ship finance | Announcement of Event Occuring in 2019</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CapitalCommitments', window );">Funding commitment</a></td>
<td class="nump">$ 81<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfYearFacility', window );">Number of year facility to finance newbuilding</a></td>
<td class="text">7 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_DanishShipFinanceMember', window );">Danish ship finance | Announcement of Event Occuring in 2019 | MR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfTanker', window );">Number of tanker | Tankers</a></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfNewBuilding', window );">Number of newbuilding | Newbuildings</a></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_DanishShipFinanceMember', window );">Danish ship finance | Announcement of Event Occuring in 2019 | LR1</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfTanker', window );">Number of tanker | Tankers</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_ChinaExportImportBankMember', window );">China export import Bank | Announcement of Event Occuring in 2018 | LR2</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfTanker', window );">Number of tanker | Tankers</a></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CapitalCommitments', window );">Funding commitment</a></td>
<td class="nump">$ 115<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfYearFacility', window );">Number of year facility to finance newbuilding</a></td>
<td class="text">12 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_WorkingCapitalFacilityMember', window );">Working capital facility</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UndrawnBorrowingFacilities', window );">Working capital facility</a></td>
<td class="nump">$ 75<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 75<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_TermFacilityMember', window );">Term Facility</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfBank', window );">Number of bank | Bank</a></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CapitalCommitments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of future capital expenditures that the entity is committed to make.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CapitalCommitments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UndrawnBorrowingFacilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of undrawn borrowing facilities that may be available for future operating activities and to settle capital commitments. [Refer: Capital commitments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UndrawnBorrowingFacilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfBank">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of bank.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfBank</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfNewBuilding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of new building.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfNewBuilding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfTanker">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of tanker.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfTanker</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfYearFacility">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of year facility.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfYearFacility</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_DanishShipFinanceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_DanishShipFinanceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=trmd_AnnouncementOfEventOccuringIn2019Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=trmd_AnnouncementOfEventOccuringIn2019Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=trmd_VesselClassMrMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=trmd_VesselClassMrMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=trmd_VesselClassLrOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=trmd_VesselClassLrOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_ChinaExportImportBankMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=trmd_ChinaExportImportBankMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=trmd_AnnouncementOfEventOccuringIn2018Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=trmd_AnnouncementOfEventOccuringIn2018Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=trmd_VesselClassLrTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=trmd_VesselClassLrTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=trmd_WorkingCapitalFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_WorkingCapitalFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=trmd_TermFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_TermFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>102
<FILENAME>R95.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6828836432">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>COLLATERAL SECURITY FOR MORTGAGE DEBT AND BANK LOANS (Detail Textual) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfCollateralAbstract', window );"><strong>Disclosure Of Collateral [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_CarryingAmountOfVesselsForCollateralHeldAsSecurity', window );">Carrying amount for vessels as collateral security</a></td>
<td class="nump">$ 1,259<span></span>
</td>
<td class="nump">$ 1,115<span></span>
</td>
<td class="nump">$ 1,329<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_CarryingAmountOfVesselsForCollateralHeldAsSecurity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the carrying amount of vessels for collateral held as security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_CarryingAmountOfVesselsForCollateralHeldAsSecurity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfCollateralAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfCollateralAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>103
<FILENAME>R96.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797623600">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>GUARANTEE COMMITMENTS AND CONTINGENT LIABILITIES (Detail Textuals) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GuaranteeCommitmentsAndContingentLiabilitiesAbstract', window );"><strong>Guarantee Commitments And Contingent Liabilities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions', window );">Guarantee commitments of the Group to Danish Shipowners' Association</a></td>
<td class="nump">$ 0.1<span></span>
</td>
<td class="nump">$ 0.1<span></span>
</td>
<td class="nump">$ 0.1<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of related-party commitments made by the entity to do something if a particular event occurs or does not occur in the future, including executory contracts (recognised and unrecognised). [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2017-01-01<br> -Paragraph 21<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2017-03-01&amp;anchor=para_21_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_GuaranteeCommitmentsAndContingentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_GuaranteeCommitmentsAndContingentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>104
<FILENAME>R97.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6817921408">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONTRACTUAL OBLIGATIONS (Details)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ContractualObligationsLineItems', window );"><strong>Contractual Obligations [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">$ 725.8<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InterestPaymentsForScheduledInterestFixing', window );">Interest payments related to scheduled interest fixing</a></td>
<td class="nump">56.2<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EstimatedVariableInterestPayments', window );">Estimated variable interest payments</a></td>
<td class="nump">51.4<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceLeaseLiabilities', window );">Finance lease liabilities</a></td>
<td class="nump">28.2<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InterestPayableOnFinanceLeaseObligation', window );">Interest element regarding finance lease</a></td>
<td class="nump">7.7<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NewbuildingInstallments', window );">Newbuilding installments</a></td>
<td class="nump">306.9<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Chartered-in vessels (operating lease)</a></td>
<td class="nump">2.9<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_OtherOperatingLeaseObligation', window );">Other operating leases</a></td>
<td class="nump">5.2<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayables', window );">Trade payables and other obligations</a></td>
<td class="nump">51.5<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContractualCapitalCommitments', window );">Total</a></td>
<td class="nump">1,235.8<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">2018</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ContractualObligationsLineItems', window );"><strong>Contractual Obligations [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">92.7<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InterestPaymentsForScheduledInterestFixing', window );">Interest payments related to scheduled interest fixing</a></td>
<td class="nump">20.4<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EstimatedVariableInterestPayments', window );">Estimated variable interest payments</a></td>
<td class="nump">11.9<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceLeaseLiabilities', window );">Finance lease liabilities</a></td>
<td class="nump">2.9<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InterestPayableOnFinanceLeaseObligation', window );">Interest element regarding finance lease</a></td>
<td class="nump">2.3<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NewbuildingInstallments', window );">Newbuilding installments</a></td>
<td class="nump">144.2<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Chartered-in vessels (operating lease)</a></td>
<td class="nump">2.9<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_OtherOperatingLeaseObligation', window );">Other operating leases</a></td>
<td class="nump">2.5<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayables', window );">Trade payables and other obligations</a></td>
<td class="nump">51.5<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContractualCapitalCommitments', window );">Total</a></td>
<td class="nump">331.3<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember', window );">2019</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ContractualObligationsLineItems', window );"><strong>Contractual Obligations [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">86.7<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InterestPaymentsForScheduledInterestFixing', window );">Interest payments related to scheduled interest fixing</a></td>
<td class="nump">14.4<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EstimatedVariableInterestPayments', window );">Estimated variable interest payments</a></td>
<td class="nump">13.6<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceLeaseLiabilities', window );">Finance lease liabilities</a></td>
<td class="nump">3.2<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InterestPayableOnFinanceLeaseObligation', window );">Interest element regarding finance lease</a></td>
<td class="nump">2.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NewbuildingInstallments', window );">Newbuilding installments</a></td>
<td class="nump">162.7<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Chartered-in vessels (operating lease)</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_OtherOperatingLeaseObligation', window );">Other operating leases</a></td>
<td class="nump">1.8<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayables', window );">Trade payables and other obligations</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContractualCapitalCommitments', window );">Total</a></td>
<td class="nump">284.4<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember', window );">2020</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ContractualObligationsLineItems', window );"><strong>Contractual Obligations [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">82.2<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InterestPaymentsForScheduledInterestFixing', window );">Interest payments related to scheduled interest fixing</a></td>
<td class="nump">12.1<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EstimatedVariableInterestPayments', window );">Estimated variable interest payments</a></td>
<td class="nump">12.2<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceLeaseLiabilities', window );">Finance lease liabilities</a></td>
<td class="nump">3.4<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InterestPayableOnFinanceLeaseObligation', window );">Interest element regarding finance lease</a></td>
<td class="nump">1.7<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NewbuildingInstallments', window );">Newbuilding installments</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Chartered-in vessels (operating lease)</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_OtherOperatingLeaseObligation', window );">Other operating leases</a></td>
<td class="nump">0.7<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayables', window );">Trade payables and other obligations</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContractualCapitalCommitments', window );">Total</a></td>
<td class="nump">112.3<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember', window );">2021</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ContractualObligationsLineItems', window );"><strong>Contractual Obligations [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">346.7<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InterestPaymentsForScheduledInterestFixing', window );">Interest payments related to scheduled interest fixing</a></td>
<td class="nump">8.9<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EstimatedVariableInterestPayments', window );">Estimated variable interest payments</a></td>
<td class="nump">9.1<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceLeaseLiabilities', window );">Finance lease liabilities</a></td>
<td class="nump">3.7<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InterestPayableOnFinanceLeaseObligation', window );">Interest element regarding finance lease</a></td>
<td class="nump">1.4<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NewbuildingInstallments', window );">Newbuilding installments</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Chartered-in vessels (operating lease)</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_OtherOperatingLeaseObligation', window );">Other operating leases</a></td>
<td class="nump">0.2<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayables', window );">Trade payables and other obligations</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContractualCapitalCommitments', window );">Total</a></td>
<td class="nump">370.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember', window );">2022</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ContractualObligationsLineItems', window );"><strong>Contractual Obligations [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">89.2<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InterestPaymentsForScheduledInterestFixing', window );">Interest payments related to scheduled interest fixing</a></td>
<td class="nump">0.4<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EstimatedVariableInterestPayments', window );">Estimated variable interest payments</a></td>
<td class="nump">2.6<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceLeaseLiabilities', window );">Finance lease liabilities</a></td>
<td class="nump">15.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InterestPayableOnFinanceLeaseObligation', window );">Interest element regarding finance lease</a></td>
<td class="nump">0.3<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NewbuildingInstallments', window );">Newbuilding installments</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Chartered-in vessels (operating lease)</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_OtherOperatingLeaseObligation', window );">Other operating leases</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayables', window );">Trade payables and other obligations</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContractualCapitalCommitments', window );">Total</a></td>
<td class="nump">107.5<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember', window );">Thereafter</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ContractualObligationsLineItems', window );"><strong>Contractual Obligations [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankBorrowings', window );">Mortgage debt and bank loans</a></td>
<td class="nump">28.3<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InterestPaymentsForScheduledInterestFixing', window );">Interest payments related to scheduled interest fixing</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_EstimatedVariableInterestPayments', window );">Estimated variable interest payments</a></td>
<td class="nump">2.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceLeaseLiabilities', window );">Finance lease liabilities</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InterestPayableOnFinanceLeaseObligation', window );">Interest element regarding finance lease</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NewbuildingInstallments', window );">Newbuilding installments</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Chartered-in vessels (operating lease)</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_OtherOperatingLeaseObligation', window );">Other operating leases</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayables', window );">Trade payables and other obligations</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContractualCapitalCommitments', window );">Total</a></td>
<td class="nump">$ 30.3<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">The presented amounts to be repaid do not include directly related costs arising from the issuing of the loans of USD 4.8m (2016: USD 2.0m), which are amortized over the term of the loans. Borrowing costs capitalized during the year amount to USD 3.5m (2016: USD 1.3m).</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Variable interest payments are estimated based on the forward rates for each interest period.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">As of 31 December 2017, TORM had ten contracted newbuildings (2016: four) to be delivered during 2018-2019.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[4]</td>
<td style="vertical-align: top;" valign="top">Leases have been entered into with a mutually non-cancellable lease period of up to eight years. Certain leases include a profit-sharing element implying that the actual charter hire may be higher. The average period until redelivery of the vessels is 0.5 years (2016: 0.9 years). The leasing expense for 2017 amounts to USD 8.5m (2016: USD 21.5m, 2015: USD 12.0m) and is recognized under "Charter hire".</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[5]</td>
<td style="vertical-align: top;" valign="top">Other operating leases primarily consist of contracts regarding office spaces, cars and apartments as well as IT-related contracts. The leasing expense for 2017 amounts to USD 2.3m (2016: USD 2.2m) and is recognized under "Administrative expenses".</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ContractualCapitalCommitments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of capital commitments for which the entity has entered into a contract. [Refer: Capital commitments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ContractualCapitalCommitments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities related to finance leases.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-02&amp;anchor=para_55&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of future minimum lease payments payable under non-cancellable operating leases. Minimum lease payments are payments over the lease term that the lessee is or can be required to make, excluding contingent rent, costs for services and taxes to be paid by, and reimbursed to, the lessor, together with: (a) for a lessee, any amounts guaranteed by the lessee or by a party related to the lessee; or (b) for a lessor, any residual value guaranteed to the lessor by: (i) the lessee; (ii) a party related to the lessee; or (iii) a third party unrelated to the lessor that is financially capable of discharging the obligations under the guarantee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 17<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=17&amp;date=2017-03-02&amp;anchor=para_35_a&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of trade payables and other payables. [Refer: Trade payables; Other payables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph k<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_k&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ContractualObligationsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ContractualObligationsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_EstimatedVariableInterestPayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to estimated variable interest payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_EstimatedVariableInterestPayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_InterestPayableOnFinanceLeaseObligation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to accrued interest on finance lease obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_InterestPayableOnFinanceLeaseObligation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_InterestPaymentsForScheduledInterestFixing">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of interest payments for scheduled interest fixing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_InterestPaymentsForScheduledInterestFixing</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_MortgageDebtAndBankBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to mortgage debt and bank borrowings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_MortgageDebtAndBankBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NewbuildingInstallments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to newbuilding installments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NewbuildingInstallments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_OtherOperatingLeaseObligation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of other operating lease payments obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_OtherOperatingLeaseObligation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>105
<FILENAME>R98.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6828816016">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONTRACTUAL OBLIGATIONS (Details 1)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems', window );"><strong>Disclosure of reconciliation of liabilities arising from financing activities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">Opening balance as of 1 January 2017</a></td>
<td class="nump">$ 685.2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities', window );">Cash - Borrowings</a></td>
<td class="nump">205.6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities', window );">Cash - Repayments</a></td>
<td class="num">(143.6)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities', window );">Non-Cash - Changes in fair value</a></td>
<td class="nump">0.7<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities', window );">Non-Cash - Other changes</a></td>
<td class="nump">1.2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">End balance as of 31 December 2017</a></td>
<td class="nump">749.1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis=ifrs-full_LongtermBorrowingsMember', window );">Mortgage debt</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems', window );"><strong>Disclosure of reconciliation of liabilities arising from financing activities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">Opening balance as of 1 January 2017</a></td>
<td class="nump">669.6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities', window );">Cash - Borrowings</a></td>
<td class="nump">175.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities', window );">Cash - Repayments</a></td>
<td class="num">(125.5)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities', window );">Non-Cash - Changes in fair value</a></td>
<td class="nump">0.7<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities', window );">Non-Cash - Other changes</a></td>
<td class="nump">0.7<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">End balance as of 31 December 2017</a></td>
<td class="nump">720.9<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis=ifrs-full_LeaseLiabilitiesMember', window );">Financial lease</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems', window );"><strong>Disclosure of reconciliation of liabilities arising from financing activities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">Opening balance as of 1 January 2017</a></td>
<td class="nump">13.6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities', window );">Cash - Borrowings</a></td>
<td class="nump">30.2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities', window );">Cash - Repayments</a></td>
<td class="num">(16.7)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities', window );">Non-Cash - Changes in fair value</a></td>
<td class="nump">0.6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities', window );">Non-Cash - Other changes</a></td>
<td class="nump">0.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">End balance as of 31 December 2017</a></td>
<td class="nump">28.2<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis=ifrs-full_AssetsHeldToHedgeLiabilitiesArisingFromFinancingActivitiesMember', window );">Swaps, fair value hedging</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems', window );"><strong>Disclosure of reconciliation of liabilities arising from financing activities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">Opening balance as of 1 January 2017</a></td>
<td class="nump">2.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities', window );">Cash - Borrowings</a></td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities', window );">Cash - Repayments</a></td>
<td class="num">(1.4)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities', window );">Non-Cash - Changes in fair value</a></td>
<td class="num">(0.6)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities', window );">Non-Cash - Other changes</a></td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromFinancingActivities', window );">End balance as of 31 December 2017</a></td>
<td class="nump">$ 0.0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in liabilities arising from financing activities resulting from changes in fair values. [Refer: Liabilities arising from financing activities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 44B<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_44B_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in liabilities arising from financing activities resulting from financing cash flows. [Refer: Cash flows from (used in) financing activities; Liabilities arising from financing activities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 44B<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_44B_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughFinancingCashFlowsLiabilitiesArisingFromFinancingActivities</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in liabilities arising from financing activities resulting from changes that the entity does not separately disclose in the same statement or note. [Refer: Liabilities arising from financing activities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 44B<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_44B_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilitiesArisingFromFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities for which cash flows were, or future cash flows will be, classified in the statement of cash flows as cash flows from financing activities. [Refer: Cash flows from (used in) financing activities; Liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 44D<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_44D&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilitiesArisingFromFinancingActivities</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in liabilities arising from financing activities resulting from borrowings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_IncreaseDecreaseThroughBorrowingsArisingFromFinancingActivities</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis=ifrs-full_LongtermBorrowingsMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis=ifrs-full_LeaseLiabilitiesMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis=ifrs-full_AssetsHeldToHedgeLiabilitiesArisingFromFinancingActivitiesMember</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6801304128">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONTRACTUAL OBLIGATIONS (Details 2)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure of finance lease and operating lease by lessor [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Charter hire income for vessels</a></td>
<td class="nump">$ 50.2<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">2018</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure of finance lease and operating lease by lessor [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Charter hire income for vessels</a></td>
<td class="nump">45.5<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember', window );">2019</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure of finance lease and operating lease by lessor [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Charter hire income for vessels</a></td>
<td class="nump">4.7<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember', window );">2020</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure of finance lease and operating lease by lessor [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Charter hire income for vessels</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember', window );">2021</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure of finance lease and operating lease by lessor [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Charter hire income for vessels</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember', window );">2022</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure of finance lease and operating lease by lessor [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Charter hire income for vessels</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember', window );">Thereafter</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure of finance lease and operating lease by lessor [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Charter hire income for vessels</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=trmd_VesselMember', window );">Vessel | 2018</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure of finance lease and operating lease by lessor [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Charter hire income for vessels</a></td>
<td class="nump">45.5<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=trmd_VesselMember', window );">Vessel | 2019</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure of finance lease and operating lease by lessor [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Charter hire income for vessels</a></td>
<td class="nump">4.7<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=trmd_VesselMember', window );">Vessel | 2020</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure of finance lease and operating lease by lessor [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Charter hire income for vessels</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=trmd_VesselMember', window );">Vessel | 2021</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure of finance lease and operating lease by lessor [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Charter hire income for vessels</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=trmd_VesselMember', window );">Vessel | 2022</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure of finance lease and operating lease by lessor [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Charter hire income for vessels</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=trmd_VesselMember', window );">Vessel | Thereafter</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems', window );"><strong>Disclosure of finance lease and operating lease by lessor [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease', window );">Charter hire income for vessels</a></td>
<td class="nump">$ 0.0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Charter hire income for vessels on time charter and bareboat charter is recognized under "Revenue". The average period until redelivery of the vessels is 1.1 year (2016: 2.1 years).</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of future minimum lease payments receivable under non-cancellable operating leases. Minimum lease payments are payments over the lease term that the lessee is or can be required to make, excluding contingent rent, costs for services and taxes to be paid by, and reimbursed to, the lessor, together with: (a) for a lessee, any amounts guaranteed by the lessee or by a party related to the lessee; or (b) for a lessor, any residual value guaranteed to the lessor by: (i) the lessee; (ii) a party related to the lessee; or (iii) a third party unrelated to the lessor that is financially capable of discharging the obligations under the guarantee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 17<br> -IssueDate 2017-01-01<br> -Paragraph 56<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=17&amp;date=2017-03-02&amp;anchor=para_56_a&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MinimumLeasePaymentsReceivableUnderNoncancellableOperatingLease</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember</td>
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<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>107
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6800747680">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONTRACTUAL OBLIGATIONS (Detail Textuals)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($) </div>
<div>Newbuilding</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($) </div>
<div>Newbuilding</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfContractualCommitmentsAbstract', window );"><strong>Disclosure Of Contractual Commitments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DirectIssuanceCostForBorrowings', window );">Direct issuance costs for borrowings</a></td>
<td class="nump">$ 4.8<span></span>
</td>
<td class="nump">$ 2.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingCostsCapitalised', window );">Borrowing costs capitalized</a></td>
<td class="nump">$ 3.5<span></span>
</td>
<td class="nump">$ 1.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ExpectedNumberOfNewbuildingsToBeDelivered', window );">Expected number of newbuildings to be delivered during 2018-2019 | Newbuilding</a></td>
<td class="nump">10<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee', window );">Average period of redelivery of vessels</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">9 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MaximumMutuallyNonCancellableOperatingLeasePeriod', window );">Maximum mutually non-cancellable operating lease period</a></td>
<td class="text">8 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumOperatingLeasePayments', window );">Lease expense for Charter hire</a></td>
<td class="nump">$ 8.5<span></span>
</td>
<td class="nump">$ 21.5<span></span>
</td>
<td class="nump">$ 12.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_OtherOperatingLeaseExpense', window );">Other operating lease expense</a></td>
<td class="nump">$ 2.3<span></span>
</td>
<td class="nump">$ 2.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor', window );">Average period until redelivery of the vessels</a></td>
<td class="text">1 year 1 month 6 days<span></span>
</td>
<td class="text">2 years 1 month 6 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingCostsCapitalised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest and other costs that an entity incurs in connection with the borrowing of funds that are directly attributable to the acquisition, construction or production of a qualifying asset and which form part of the cost of that asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 23<br> -IssueDate 2017-01-01<br> -Paragraph 26<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=23&amp;date=2017-03-01&amp;anchor=para_26_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingCostsCapitalised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MinimumOperatingLeasePayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of operating lease payments that the lessee is or can be required to make, excluding contingent rent, costs for services and taxes to be paid by, and reimbursed to, the lessor, together with any amounts guaranteed by the lessee or by a party related to the lessee recognised as an expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 17<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=17&amp;date=2017-03-02&amp;anchor=para_35_c&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MinimumOperatingLeasePayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the average period of redelivery of vessels in operating lease by lessee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessee</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the average period of redelivery of vessels in operating lease by lessor.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AveragePeriodOfRedeliveryOfVesselsInOperatingLeaseByLessor</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DirectIssuanceCostForBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to direct issuance cost for borrowings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DirectIssuanceCostForBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfContractualCommitmentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure Of Contractual Commitments [Abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfContractualCommitmentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ExpectedNumberOfNewbuildingsToBeDelivered">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the expected number of newbuildings to be delivered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ExpectedNumberOfNewbuildingsToBeDelivered</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_MaximumMutuallyNonCancellableOperatingLeasePeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents maximum mutually non-cancellable operating lease period;</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_MaximumMutuallyNonCancellableOperatingLeasePeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_OtherOperatingLeaseExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to expense for other operating lease payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_OtherOperatingLeaseExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6828902288">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue', window );">Fair value of derivatives as of 31 December</a></td>
<td class="nump">$ 7.5<span></span>
</td>
<td class="num">$ (1.5)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_ForwardFreightAgreementsMember', window );">Forward freight agreements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue', window );">Fair value of derivatives as of 31 December</a></td>
<td class="num">(0.2)<span></span>
</td>
<td class="num">(0.1)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_SwapContractMember', window );">Bunker swaps</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue', window );">Fair value of derivatives as of 31 December</a></td>
<td class="nump">0.8<span></span>
</td>
<td class="nump">0.8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_ForwardContractMember', window );">Forward exchange contracts</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue', window );">Fair value of derivatives as of 31 December</a></td>
<td class="nump">1.8<span></span>
</td>
<td class="num">(4.6)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue', window );">Fair value of derivatives as of 31 December</a></td>
<td class="nump">$ 5.1<span></span>
</td>
<td class="nump">$ 2.4<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of financial instruments designated as hedging instruments. Hedging instruments are designated derivatives or (for a hedge of the risk of changes in foreign currency exchange rates only) designated non-derivative financial assets or non-derivative financial liabilities whose fair value or cash flows are expected to offset changes in the fair value or cash flows of a designated hedged item. [Refer: At fair value [member]; Derivatives [member]; Derivative financial assets; Derivative financial liabilities; Financial instruments, class [member]; Financial assets; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 22<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_22_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_ForwardFreightAgreementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_ForwardFreightAgreementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_SwapContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_SwapContractMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_ForwardContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_ForwardContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_InterestRateSwapContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_InterestRateSwapContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>109
<FILENAME>R102.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797495248">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>DERIVATIVE FINANCIAL INSTRUMENTS (Details 1) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue', window );">Financial instruments designated as hedging instruments, at fair value</a></td>
<td class="nump">$ 7.5<span></span>
</td>
<td class="num">$ (1.5)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_StatementOfFinancialPositionLocationAxis=trmd_OtherReceivablesMember', window );">Other receivables</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue', window );">Financial instruments designated as hedging instruments, at fair value</a></td>
<td class="nump">7.3<span></span>
</td>
<td class="nump">3.3<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_StatementOfFinancialPositionLocationAxis=trmd_OtherLiabilityMember', window );">Other liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue', window );">Financial instruments designated as hedging instruments, at fair value</a></td>
<td class="nump">$ 0.2<span></span>
</td>
<td class="num">$ (4.8)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialInstrumentsLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of financial instruments designated as hedging instruments. Hedging instruments are designated derivatives or (for a hedge of the risk of changes in foreign currency exchange rates only) designated non-derivative financial assets or non-derivative financial liabilities whose fair value or cash flows are expected to offset changes in the fair value or cash flows of a designated hedged item. [Refer: At fair value [member]; Derivatives [member]; Derivative financial assets; Derivative financial liabilities; Financial instruments, class [member]; Financial assets; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 22<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_22_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue</td>
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<td>ifrs-full_</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_StatementOfFinancialPositionLocationAxis=trmd_OtherReceivablesMember</td>
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<td></td>
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<td>na</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_StatementOfFinancialPositionLocationAxis=trmd_OtherLiabilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_StatementOfFinancialPositionLocationAxis=trmd_OtherLiabilityMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>110
<FILENAME>R103.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6817864880">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>DERIVATIVE FINANCIAL INSTRUMENTS (Details 2) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="4">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComponentsOfEquityAxis=trmd_HedgingReserveMember', window );">Hedging reserves</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity', window );">Fair value adjustments of derivative financial instruments designated as hedge recognized in equity</a></td>
<td class="nump">$ 6.9<span></span>
</td>
<td class="num">$ (1.0)<span></span>
</td>
<td class="nump">$ 1.4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ProfitOrLossLocationAxis=trmd_RevenueMember', window );">Revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="nump">0.5<span></span>
</td>
<td class="num">(0.1)<span></span>
</td>
<td class="nump">0.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ProfitOrLossLocationAxis=trmd_PortExpensesBunkersAndCommissionsMember', window );">Port expenses, bunkers and commissions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="nump">1.2<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="num">(0.9)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ProfitOrLossLocationAxis=trmd_FinancialItemMember', window );">Financial items</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="num">(3.4)<span></span>
</td>
<td class="num">(2.8)<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_ForwardFreightAgreementsMember', window );">Forward freight agreements | Hedging reserves</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity', window );">Fair value adjustments of derivative financial instruments designated as hedge recognized in equity</a></td>
<td class="num">(0.3)<span></span>
</td>
<td class="num">(0.2)<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_ForwardFreightAgreementsMember', window );">Forward freight agreements | Revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="nump">0.5<span></span>
</td>
<td class="num">(0.1)<span></span>
</td>
<td class="nump">0.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_ForwardFreightAgreementsMember', window );">Forward freight agreements | Port expenses, bunkers and commissions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_ForwardFreightAgreementsMember', window );">Forward freight agreements | Financial items</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_BunkerSwapContractMember', window );">Bunker swaps | Hedging reserves</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity', window );">Fair value adjustments of derivative financial instruments designated as hedge recognized in equity</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">1.0<span></span>
</td>
<td class="num">(0.2)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_BunkerSwapContractMember', window );">Bunker swaps | Revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_BunkerSwapContractMember', window );">Bunker swaps | Port expenses, bunkers and commissions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="nump">1.2<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (0.9)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_BunkerSwapContractMember', window );">Bunker swaps | Financial items</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_ForwardExchangeContractMember', window );">Forward exchange contracts | Hedging reserves</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity', window );">Fair value adjustments of derivative financial instruments designated as hedge recognized in equity</a></td>
<td class="nump">4.4<span></span>
</td>
<td class="num">(3.4)<span></span>
</td>
<td class="nump">0.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_ForwardExchangeContractMember', window );">Forward exchange contracts | Revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_ForwardExchangeContractMember', window );">Forward exchange contracts | Port expenses, bunkers and commissions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_ForwardExchangeContractMember', window );">Forward exchange contracts | Financial items</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="num">(1.4)<span></span>
</td>
<td class="nump">0.1<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps | Hedging reserves</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity', window );">Fair value adjustments of derivative financial instruments designated as hedge recognized in equity</a></td>
<td class="nump">2.7<span></span>
</td>
<td class="nump">1.6<span></span>
</td>
<td class="nump">0.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps | Revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps | Port expenses, bunkers and commissions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps | Financial items</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss', window );">Gain (loss) on derivative financial instruments, recognised in profit or loss</a></td>
<td class="num">$ (2.0)<span></span>
</td>
<td class="num">$ (2.9)<span></span>
</td>
<td class="nump">$ 0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialInstrumentsLineItems</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to fair value adjustments of derivative financial instruments designated as hedge recognized in equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_FairValueAdjustmentsOfDerivativeFinancialInstrumentsDesignatedAsHedgeRecognizedInEquity</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to gain (loss) on derivative financial instruments recognized in Profit or loss statement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_GainLossOnDerivativeFinancialInstrumentsRecognisedInProfitOrLoss</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_BunkerSwapContractMember</td>
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<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6801003744">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>DERIVATIVE FINANCIAL INSTRUMENTS (Details Textuals)<br> kr in Millions, $ in Millions</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>DKK (kr)</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>DKK (kr)</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>DKK (kr)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue', window );">Fair value of derivatives</a></td>
<td class="nump">$ 7.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (1.5)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_ForwardFreightAgreementsMember', window );">Forward freight agreements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue', window );">Fair value of derivatives</a></td>
<td class="num">(0.2)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(0.1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_SwapContractMember', window );">Bunker swaps</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge', window );">Fair value of derivatives net of a previously fixed hedge</a></td>
<td class="nump">0.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (0.2)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue', window );">Fair value of derivatives</a></td>
<td class="nump">0.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_ForwardContractMember', window );">Forward exchange contracts</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue', window );">Fair value of derivatives</a></td>
<td class="nump">1.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4.6)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount | kr</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">kr 257.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">kr 336.4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">kr 235.1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue', window );">Fair value of derivatives</a></td>
<td class="nump">5.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">$ 406.4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 373.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 382.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of financial instruments designated as hedging instruments. Hedging instruments are designated derivatives or (for a hedge of the risk of changes in foreign currency exchange rates only) designated non-derivative financial assets or non-derivative financial liabilities whose fair value or cash flows are expected to offset changes in the fair value or cash flows of a designated hedged item. [Refer: At fair value [member]; Derivatives [member]; Derivative financial assets; Derivative financial liabilities; Financial instruments, class [member]; Financial assets; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 22<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_22_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal or face amount of a financial instrument, used to calculate payments made on that instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the fair value of financial instruments designated as hedging instruments net of previously fixed hedge.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_FinancialInstrumentsDesignatedAsHedgeAtFairValueNetOfPreviouslyFixedHedge</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_ForwardFreightAgreementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=trmd_ForwardFreightAgreementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_SwapContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_SwapContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_ForwardContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_ForwardContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
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<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_InterestRateSwapContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_InterestRateSwapContractMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>112
<FILENAME>R105.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6827244832">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Details) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityToChangesInFreightRatesAbstract', window );"><strong>Decrease in freight rates of USD/day 1,000:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax', window );">Changes in profit before tax</a></td>
<td class="nump">$ 24.1<span></span>
</td>
<td class="nump">$ 25.0<span></span>
</td>
<td class="nump">$ 26.7<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity', window );">Changes in equity</a></td>
<td class="nump">$ 24.1<span></span>
</td>
<td class="nump">$ 25.0<span></span>
</td>
<td class="nump">$ 26.7<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to increase (decrease) in equity in sensitivity analysis for changes in freight rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to increase (decrease) in equity in sensitivity analysis for changes in freight rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityAnalysisForChangesInFreightRatesIncreaseDecreaseInProfitBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityToChangesInFreightRatesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityToChangesInFreightRatesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>113
<FILENAME>R106.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797581280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Details 1) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityToChangesInTheBunkerPricesAbstract', window );"><strong>Increase in the bunker prices of 10% per ton:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax', window );">Changes in profit before tax</a></td>
<td class="num">$ (18.3)<span></span>
</td>
<td class="num">$ (15.6)<span></span>
</td>
<td class="num">$ (12.8)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity', window );">Changes in equity</a></td>
<td class="num">$ (18.3)<span></span>
</td>
<td class="num">$ (15.6)<span></span>
</td>
<td class="num">$ (12.8)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of changes in equity as impact of increase in the bunker prices of 10% per ton in sensitivity analysis.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of changes in profit before tax as impact of increase in the bunker prices of 10% per ton in sensitivity analysis.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityAnalysisImpactOfTenPercentPerTonIncreaseInBunkerPricesChangeInProfitBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityToChangesInTheBunkerPricesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityToChangesInTheBunkerPricesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>114
<FILENAME>R107.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6827244832">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Details 2) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityToChangesInCurrencyExchangeRateAbstract', window );"><strong>Effect of a 10% increase of DKK and EUR:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax', window );">Changes in profit before tax</a></td>
<td class="num">$ (2.5)<span></span>
</td>
<td class="num">$ (1.7)<span></span>
</td>
<td class="num">$ (2.8)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity', window );">Changes in equity</a></td>
<td class="num">$ (2.5)<span></span>
</td>
<td class="num">$ (1.7)<span></span>
</td>
<td class="num">$ (2.8)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of changes in equity as impact of 10% change in exchange rate in sensitivity analysis.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of changes in profit before tax as impact of 10% change in exchange rate in sensitivity analysis.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityAnalysisImpactOfTenPercentChangeInExchangeRateChangeInProfitBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityToChangesInCurrencyExchangeRateAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityToChangesInCurrencyExchangeRateAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>115
<FILENAME>R108.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797582528">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Details 3) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityToChangesInInterestRatesAbstract', window );"><strong>Effect of a 1%-point increase in interest rates:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax', window );">Changes in profit before tax</a></td>
<td class="num">$ (3.2)<span></span>
</td>
<td class="num">$ (2.5)<span></span>
</td>
<td class="num">$ (3.3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity', window );">Changes in equity</a></td>
<td class="nump">$ 3.6<span></span>
</td>
<td class="nump">$ 6.8<span></span>
</td>
<td class="nump">$ 9.5<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of changes in equity as impact of 1% point increase in exchange rate in sensitivity analysis.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of changes in profit before tax as impact of 1% point increase in exchange rate in sensitivity analysis.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityAnalysisImpactOfOnePercentPointIncreaseInInterestRateChangeInProfitBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_SensitivityToChangesInInterestRatesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_SensitivityToChangesInInterestRatesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>116
<FILENAME>R109.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6819512336">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Detail Textual)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($) </div>
<div>metric_tons </div>
<div>Company </div>
<div>Club</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($) </div>
<div>metric_tons</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($) </div>
<div>metric_tons</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements', window );">Percentage of freight earnings derived from tankers secured by agreements</a></td>
<td class="nump">12.00%<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
<td class="nump">5.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging', window );">Percentage of physical time charter contracts accounted for overall hedging</a></td>
<td class="nump">66.00%<span></span>
</td>
<td class="nump">83.00%<span></span>
</td>
<td class="nump">95.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfCoverage', window );">Percentage of coverage</a></td>
<td class="nump">13.00%<span></span>
</td>
<td class="nump">12.00%<span></span>
</td>
<td class="nump">8.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfProtectionAndIndemnityClubToDiversifyRisk', window );">Number of Protection and Indemnity club | Club</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfCompaniesToDiversifyRisk', window );">Number of companies to diversify risk | Company</a></td>
<td class="nump">14<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PositionTypeAxis=trmd_LongPositionMember', window );">Long Position</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DerivativeNotionalContractValue', window );">Notional contract value of derivative | $</a></td>
<td class="nump">$ 12<span></span>
</td>
<td class="nump">$ 3<span></span>
</td>
<td class="nump">$ 4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DerivativesNonmonetaryNotionalAmountVolume', window );">Notional contract volume | metric_tons</a></td>
<td class="nump">530,000<span></span>
</td>
<td class="nump">190,000<span></span>
</td>
<td class="nump">142,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PositionTypeAxis=trmd_ShortPositionMember', window );">Short Position</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DerivativeNotionalContractValue', window );">Notional contract value of derivative | $</a></td>
<td class="nump">$ 44<span></span>
</td>
<td class="nump">$ 12<span></span>
</td>
<td class="nump">$ 6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DerivativesNonmonetaryNotionalAmountVolume', window );">Notional contract volume | metric_tons</a></td>
<td class="nump">1,754,000<span></span>
</td>
<td class="nump">781,000<span></span>
</td>
<td class="nump">215,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AgreementAxis=trmd_CargoContractsAndTimeCharteRagreementsMember', window );">Cargo contracts and time charte ragreements | Bottom of range</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_CoveragePeriodUnderAgreement', window );">Coverage period under agreement</a></td>
<td class="text">6 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AgreementAxis=trmd_CargoContractsAndTimeCharteRagreementsMember', window );">Cargo contracts and time charte ragreements | Top of range</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_CoveragePeriodUnderAgreement', window );">Coverage period under agreement</a></td>
<td class="text">36 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfCompaniesToDiversifyRisk', window );">Number of companies to diversify risk | Company</a></td>
<td class="nump">16<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AgreementAxis=trmd_ForwardFreightAgreementsMember', window );">Forward freight agreements | Bottom of range</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_CoveragePeriodUnderAgreement', window );">Coverage period under agreement</a></td>
<td class="text">0 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AgreementAxis=trmd_ForwardFreightAgreementsMember', window );">Forward freight agreements | Top of range</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_CoveragePeriodUnderAgreement', window );">Coverage period under agreement</a></td>
<td class="text">24 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_CoveragePeriodUnderAgreement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the coverage period under the agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_CoveragePeriodUnderAgreement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DerivativeNotionalContractValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the percentage of physical time charter contracts accounted for overall hedging.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DerivativeNotionalContractValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DerivativesNonmonetaryNotionalAmountVolume">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents nominal volume used to calculate payments on a derivative instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DerivativesNonmonetaryNotionalAmountVolume</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfCompaniesToDiversifyRisk">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of companies to diversify risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfCompaniesToDiversifyRisk</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfProtectionAndIndemnityClubToDiversifyRisk">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of Protection and Indemnity club to diversify risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfProtectionAndIndemnityClubToDiversifyRisk</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfCoverage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the percentage of coverage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfCoverage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the percentage of freight earnings derived from tankers which were secured by physcial and forward agreements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfFreightEarningsDerivedFromTankersSecuredByAgreements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the percentage of physical time charter contracts accounted for overall hedging.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfPhysicalTimeCharterContractsAccountedForOverallHedging</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PositionTypeAxis=trmd_LongPositionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PositionTypeAxis=trmd_LongPositionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PositionTypeAxis=trmd_ShortPositionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PositionTypeAxis=trmd_ShortPositionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AgreementAxis=trmd_CargoContractsAndTimeCharteRagreementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AgreementAxis=trmd_CargoContractsAndTimeCharteRagreementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AgreementAxis=trmd_ForwardFreightAgreementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AgreementAxis=trmd_ForwardFreightAgreementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>117
<FILENAME>R110.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6829225344">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Detail Textual 1)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($) </div>
<div>Tanker </div>
<div>Banks</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_CarryingValueOfFleet', window );">Carrying value of fleet</a></td>
<td class="nump">$ 1,294.0<span></span>
</td>
<td class="nump">$ 1,344.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MarketValueOfFleetExcludingUndeLiveredNewBuildings', window );">Market value of fleet (excluding undelivered newbuildings)</a></td>
<td class="nump">$ 1,260.0<span></span>
</td>
<td class="nump">$ 1,260.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfVesselsOnOrderForDeliveryInNextTwoFiscalYears', window );">Number of vessels on order for delivery in 2018-2019 | Tanker</a></td>
<td class="nump">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels', window );">Threshold percentage of total voyage costs as cost of fuel oil consumed by vessels</a></td>
<td class="nump">55.00%<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="nump">57.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfBunkerConsumptionHedged', window );">Percentage of bunker consumption hedged</a></td>
<td class="nump">3.30%<span></span>
</td>
<td class="nump">0.90%<span></span>
</td>
<td class="nump">0.20%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfBunkerRequirementsForHedgingInstruments', window );">Percentage of bunker requirements for hedging instruments</a></td>
<td class="nump">2.10%<span></span>
</td>
<td class="nump">1.60%<span></span>
</td>
<td class="nump">0.70%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfBanksHavingLoanPortfolio', window );">Number of banks having loan portfolio | Banks</a></td>
<td class="nump">9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels', window );">Aggregate insured value of hull and machinery and interest for TORM's owned vessels</a></td>
<td class="nump">$ 1,400.0<span></span>
</td>
<td class="nump">$ 1,600.0<span></span>
</td>
<td class="nump">$ 2,000.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfConcerntrationRisk', window );">Percentage of frieght revenues</a></td>
<td class="nump">8.20%<span></span>
</td>
<td class="nump">12.60%<span></span>
</td>
<td class="nump">12.60%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AveragePercentageOfDemurrageRevenueCollection', window );">Average percentage of demurrage</a></td>
<td class="nump">97.00%<span></span>
</td>
<td class="nump">96.80%<span></span>
</td>
<td class="nump">96.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfTotalFreightRevenuesAsDemurrage', window );">Percentage of total freight revenues as demurrage</a></td>
<td class="nump">16.80%<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
<td class="nump">17.70%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk', window );">Percentage of forward freight agreements (FFAs) and fuel swaps</a></td>
<td class="nump">65.00%<span></span>
</td>
<td class="nump">93.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency', window );">Percentage of administrative expenses denominated in currencies other than USD</a></td>
<td class="nump">98.00%<span></span>
</td>
<td class="nump">99.00%<span></span>
</td>
<td class="nump">98.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency', window );">Percentage of operating expenses denominated in currencies other than USD</a></td>
<td class="nump">25.00%<span></span>
</td>
<td class="nump">27.00%<span></span>
</td>
<td class="nump">26.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged', window );">Percentage of administrative and operating expenses denominated in currencies in DKK and EUR</a></td>
<td class="nump">62.00%<span></span>
</td>
<td class="nump">74.00%<span></span>
</td>
<td class="nump">55.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PercentageOfExposureToInterestRateRisk', window );">Percentage of exposure to interest rate risk</a></td>
<td class="nump">63.00%<span></span>
</td>
<td class="nump">68.00%<span></span>
</td>
<td class="nump">65.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_FloatingRateLoansDescriptionOfVariableRateBasis', window );">Floating rate loans description of variable rate basis</a></td>
<td class="text">3 or 6 months Libor<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Increased interest-bearing debt</a></td>
<td class="nump">$ 719.1<span></span>
</td>
<td class="nump">$ 671.6<span></span>
</td>
<td class="nump">$ 767.2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_LiquidityReserveMaintainedInCash', window );">Liquidity reserve in cash</a></td>
<td class="nump">134.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UndrawnBorrowingFacilities', window );">Undrawn credit facilities</a></td>
<td class="nump">271.0<span></span>
</td>
<td class="nump">190.0<span></span>
</td>
<td class="nump">75.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_RevolvingCreditFacilitiesMember', window );">Revolving Credit Facilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UndrawnBorrowingFacilities', window );">Undrawn credit facilities</a></td>
<td class="nump">75.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=trmd_InterestBearingDebtMember', window );">Interest bearing debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_IncreaseDecreaseInInterestBearingDebt', window );">Increase (decrease) in interest-bearing debt</a></td>
<td class="nump">47.0<span></span>
</td>
<td class="num">(95.0)<span></span>
</td>
<td class="nump">639.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Increased interest-bearing debt</a></td>
<td class="nump">$ 719.0<span></span>
</td>
<td class="nump">$ 672.0<span></span>
</td>
<td class="nump">$ 767.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_VesselClassAxis=trmd_VesselClassHandysizeMember', window );">Handysize Tanker</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfTankerSold', window );">Number of tanker sold | Tanker</a></td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_VesselClassAxis=trmd_VesselClassMrMember', window );">MR Tanker</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfTankerSold', window );">Number of tanker sold | Tanker</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfTankerPurchased', window );">Number of tanker purchased | Tanker</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfAdditionalTankerThatCanBePurchased', window );">Number of additional tanker purchased | Tanker</a></td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_VesselClassAxis=trmd_VesselClassLrOneMember', window );">LR1 Tanker</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfAdditionalTankerThatCanBePurchased', window );">Number of additional tanker purchased | Tanker</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Borrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of outstanding funds that the entity is obligated to repay.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Borrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UndrawnBorrowingFacilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of undrawn borrowing facilities that may be available for future operating activities and to settle capital commitments. [Refer: Capital commitments]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UndrawnBorrowingFacilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the aggregate insured value of hull and machinery and interest for owned vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AggregateInsuredValueOfHulLandMachineryAndInterestForOwnedVessels</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AveragePercentageOfDemurrageRevenueCollection">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the average percentage of demurrage revenue collection.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AveragePercentageOfDemurrageRevenueCollection</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_CarryingValueOfFleet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the carrying value of fleet.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_CarryingValueOfFleet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_FloatingRateLoansDescriptionOfVariableRateBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the description of basis of variable rate of floating rate loans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_FloatingRateLoansDescriptionOfVariableRateBasis</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_IncreaseDecreaseInInterestBearingDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to increase (decrease) in the carrying amount of the debt instrument for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_IncreaseDecreaseInInterestBearingDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_LiquidityReserveMaintainedInCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the liquidity reserve maintained in cash.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_LiquidityReserveMaintainedInCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_MarketValueOfFleetExcludingUndeLiveredNewBuildings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the market value of fleet excluding undeliverd newbuildings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_MarketValueOfFleetExcludingUndeLiveredNewBuildings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfAdditionalTankerThatCanBePurchased">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of additional tanker that can be purchased during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfAdditionalTankerThatCanBePurchased</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfBanksHavingLoanPortfolio">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number banks having loan portfolio.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfBanksHavingLoanPortfolio</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfTankerPurchased">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of tanker purchased during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfTankerPurchased</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfTankerSold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of tanker sold during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfTankerSold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfVesselsOnOrderForDeliveryInNextTwoFiscalYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of vessels on order for delivery in next two fiscal years.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfVesselsOnOrderForDeliveryInNextTwoFiscalYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the percentage of administrative and operating expenses denominated in other than functional currency hedged.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfAdministrativeAndOperatingExpensesDenominatedInOtherThanFunctionalCurrencyHedged</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the percentage of administrative expenses denominated in other than functional currency.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfAdministrativeExpensesDenominatedInOtherThanFunctionalCurrency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfBunkerConsumptionHedged">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the percentage of bunker consumption hedged through bunker hedging contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfBunkerConsumptionHedged</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfBunkerRequirementsForHedgingInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the percentage of bunker requirements for hedging instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfBunkerRequirementsForHedgingInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfConcerntrationRisk">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfConcerntrationRisk</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the percentage of derivative instruments cleared through stock exchange reducing counterparty risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfDerivativeInstrumentsClearedThroughStockExchangeReducingCounterpartyRisk</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfExposureToInterestRateRisk">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the percentage of exposure to interest rate risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfExposureToInterestRateRisk</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the percentage of operating expenses denominated in other than functional currency.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfOperatingExpensesDenominatedInOtherThanFunctionalCurrency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfTotalFreightRevenuesAsDemurrage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the percentage of total freight revenues as demurrage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfTotalFreightRevenuesAsDemurrage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the percentage of total voyage costs as cost of fuel oil consumed by vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PercentageOfTotalVoyageCostsAsCostOfFuelOilConsumedByVessels</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=trmd_RevolvingCreditFacilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_RevolvingCreditFacilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=trmd_InterestBearingDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=trmd_InterestBearingDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_VesselClassAxis=trmd_VesselClassHandysizeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_VesselClassAxis=trmd_VesselClassHandysizeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_VesselClassAxis=trmd_VesselClassMrMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_VesselClassAxis=trmd_VesselClassMrMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_VesselClassAxis=trmd_VesselClassLrOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_VesselClassAxis=trmd_VesselClassLrOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
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</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>118
<FILENAME>R111.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6829104992">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>FINANCIAL INSTRUMENTS (Details) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 7.6<span></span>
</td>
<td class="nump">$ 3.3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtAmortisedCost', window );">Financial assets at amortised cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">209.7<span></span>
</td>
<td class="nump">143.3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">217.3<span></span>
</td>
<td class="nump">146.6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0.2<span></span>
</td>
<td class="nump">4.8<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtAmortisedCost', window );">Financial liabilities at amortised cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">809.3<span></span>
</td>
<td class="nump">740.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">809.1<span></span>
</td>
<td class="nump">744.8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialLiabilitiesAxis=trmd_MortgageDebtAndBankLoansMember', window );">Mortgage debt and bank loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtAmortisedCost', window );">Financial liabilities at amortised cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">720.9<span></span>
</td>
<td class="nump">669.6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">720.9<span></span>
</td>
<td class="nump">669.6<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialLiabilitiesAxis=ifrs-full_LeaseLiabilitiesMember', window );">Financial lease</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtAmortisedCost', window );">Financial liabilities at amortised cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">28.2<span></span>
</td>
<td class="nump">13.6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">28.2<span></span>
</td>
<td class="nump">13.6<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialLiabilitiesAxis=trmd_TradePayablesMember', window );">Trade payables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtAmortisedCost', window );">Financial liabilities at amortised cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">26.2<span></span>
</td>
<td class="nump">28.5<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">26.2<span></span>
</td>
<td class="nump">28.5<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialLiabilitiesAxis=trmd_OtherLiabilityMember', window );">Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(0.2)<span></span>
</td>
<td class="nump">4.8<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtAmortisedCost', window );">Financial liabilities at amortised cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">34.0<span></span>
</td>
<td class="nump">28.3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">33.8<span></span>
</td>
<td class="nump">33.1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=trmd_FreightReceivablesMember', window );">Freight receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtAmortisedCost', window );">Financial assets at amortised cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">71.3<span></span>
</td>
<td class="nump">62.5<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">71.3<span></span>
</td>
<td class="nump">62.5<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=trmd_OtherReceivablesMember', window );">Other receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7.6<span></span>
</td>
<td class="nump">3.3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtAmortisedCost', window );">Financial assets at amortised cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4.2<span></span>
</td>
<td class="nump">4.8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">11.8<span></span>
</td>
<td class="nump">8.1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=trmd_CashAndCashEquivalentMember', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtAmortisedCost', window );">Financial assets at amortised cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">134.2<span></span>
</td>
<td class="nump">76.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">134.2<span></span>
</td>
<td class="nump">76.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 | Mortgage debt and bank loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 | Financial lease</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 | Trade payables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 | Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 | Freight receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 | Other receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 | Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7.6<span></span>
</td>
<td class="nump">3.3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(0.2)<span></span>
</td>
<td class="nump">4.8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 | Mortgage debt and bank loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 | Financial lease</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 | Trade payables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 | Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(0.2)<span></span>
</td>
<td class="nump">4.8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 | Freight receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 | Other receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7.6<span></span>
</td>
<td class="nump">3.3<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 | Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 | Mortgage debt and bank loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 | Financial lease</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 | Trade payables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 | Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 | Freight receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 | Other receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 | Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems', window );"><strong>Disclosure of detailed information about financial instruments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 0.0<span></span>
</td>
<td class="nump">$ 0.0<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">See note 15.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Due to the short maturity, the carrying value is considered to be an appropriate expression of the fair value.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose the entity&#8217;s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35H<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35H&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35I<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35I&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35M<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35M&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35N<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35N&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial assets at amortised cost. The amortised cost is the amount at which financial assets are measured at initial recognition minus principal repayments, plus or minus the cumulative amortisation using the effective interest method of any difference between that initial amount and the maturity amount, and adjusted for any impairment. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 8<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_8_f&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssetsAtAmortisedCost</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssetsAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of financial assets. [Refer: At fair value [member]; Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that are: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or (b) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to deliver a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose, rights, options or warrants to acquire a fixed number of the entity&#8217;s own equity instruments for a fixed amount of any currency are equity instruments if the entity offers the rights, options or warrants pro rata to all of its existing owners of the same class of its own non-derivative equity instruments. Also, for those purposes the entity&#8217;s own equity instruments do not include puttable financial instruments that are classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. As an exception, an instrument that meets the definition of a financial liability is classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A-16B or paragraphs 16C-16D of IAS 32. [Refer: Financial instruments, class [member]; Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialLiabilitiesAtAmortisedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial liabilities at amortised cost. The amortised cost is the amount at which financial liabilities are measured at initial recognition minus principal repayments, plus or minus the cumulative amortisation using the effective interest method of any difference between that initial amount and the maturity amount. [Refer: Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 8<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_8_f&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 8<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_8_g&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilitiesAtAmortisedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialLiabilitiesAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of financial liabilities. [Refer: At fair value [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilitiesAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialLiabilitiesAxis=trmd_MortgageDebtAndBankLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialLiabilitiesAxis=trmd_MortgageDebtAndBankLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialLiabilitiesAxis=ifrs-full_LeaseLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialLiabilitiesAxis=ifrs-full_LeaseLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialLiabilitiesAxis=trmd_TradePayablesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialLiabilitiesAxis=trmd_TradePayablesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialLiabilitiesAxis=trmd_OtherLiabilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialLiabilitiesAxis=trmd_OtherLiabilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialAssetsAxis=trmd_FreightReceivablesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=trmd_FreightReceivablesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialAssetsAxis=trmd_OtherReceivablesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=trmd_OtherReceivablesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialAssetsAxis=trmd_CashAndCashEquivalentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=trmd_CashAndCashEquivalentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<head>
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<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797581280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RELATED PARTY TRANSACTIONS (Detail Textual)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract', window );"><strong>Disclosure of transactions between related parties [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
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<td class="text">Oaktree Capital Group, LLC,<span></span>
</td>
</tr>
</table>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The name of the ultimate controlling party of the group.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2017-01-01<br> -Paragraph 13<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2017-03-01&amp;anchor=para_13&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 138<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_138_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NameOfUltimateParentOfGroup</td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>120
<FILENAME>R113.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6798186080">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>NON-CURRENT ASSETS SOLD DURING THE YEAR (Details) - Non-current assets held for sale<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($) </div>
<div>Vessel</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($) </div>
<div>Vessel</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems', window );"><strong>Disclosure Of Information About Non Current Assets Held For Sale [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfVesselsSold', window );">Number of vessels sold</a></td>
<td class="nump">8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfVesselsDeliveredToNewOwner', window );">Number of vessels delivered to new owner</a></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfVesselsExpectedToBeDelivered', window );">Number of vessels expected to be delivered in Q1</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfRemainingVesselsSold', window );">Number of remaining vessels sold</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ProfitLossFromSaleOfVessels', window );">Profit from sale of vessels | $</a></td>
<td class="nump">$ 2.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ImpairmentLossRecognisedInProfitOrLossTangibleAndIntangibleAssets', window );">Impairment on sold or held-for-sale vessels | $</a></td>
<td class="nump">$ 3.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AmountInConnectionWithWindDownOfBulkActivities', window );">Amount in connection with wind-down of bulk activities | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 18.0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AmountInConnectionWithWindDownOfBulkActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount in connection with wind down of bulk activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AmountInConnectionWithWindDownOfBulkActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfInformationAboutNonCurrentAssetsHeldForSaleLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ImpairmentLossRecognisedInProfitOrLossTangibleAndIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of impairment loss recognised in profit or loss for tangible and intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ImpairmentLossRecognisedInProfitOrLossTangibleAndIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfRemainingVesselsSold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of remaining vessels sold.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfRemainingVesselsSold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfVesselsDeliveredToNewOwner">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of vessels delivered to new owner.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfVesselsDeliveredToNewOwner</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfVesselsExpectedToBeDelivered">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of vessels expected to be delivered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfVesselsExpectedToBeDelivered</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfVesselsSold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of vessels sold.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfVesselsSold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_ProfitLossFromSaleOfVessels">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of profit (loss) from the sale of vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ProfitLossFromSaleOfVessels</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_NoncurrentAssetsHeldForSaleMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ifrs-full_NoncurrentAssetsHeldForSaleMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>121
<FILENAME>R114.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6798143136">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CASH FLOWS (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_ReversalOfOtherNonCashMovementsAbstract', window );"><strong>Reversal of other non-cash movements:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForAmortisationExpense', window );">Amortization of acquired assets and liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (100)<span></span>
</td>
<td class="num">$ (700)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains', window );">Exchange rate adjustments</a></td>
<td class="nump">$ 1,800<span></span>
</td>
<td class="num">(2,400)<span></span>
</td>
<td class="num">(100)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForSharebasedPayments', window );">Share-based payments</a></td>
<td class="nump">1,900<span></span>
</td>
<td class="nump">2,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AdjustmentsForEquityTransactionsExpensedRelatedToCorporateReorganization', window );">Equity transactions expensed in relation to the Corporate Reorganization</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(6,400)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AdjustmentsForOtherNoncashItems', window );">Other adjustments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(200)<span></span>
</td>
<td class="num">(100)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAdjustmentsForNoncashItems', window );">Total</a></td>
<td class="nump">3,700<span></span>
</td>
<td class="num">(7,100)<span></span>
</td>
<td class="num">(900)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AdjustmentsForDecreaseIncreaseInTradeAccountsReceivablesAndPayablesForBunkersAbstract', window );"><strong>Adjustments For Decrease (Increase) In Trade Accounts Receivables And Payables For Bunkers [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AdjustmentsForIncreaseDecreaseInBunkers', window );">Change in bunkers</a></td>
<td class="num">(1,600)<span></span>
</td>
<td class="num">(6,100)<span></span>
</td>
<td class="nump">15,600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables', window );">Change in receivables</a></td>
<td class="num">(12,400)<span></span>
</td>
<td class="nump">18,100<span></span>
</td>
<td class="nump">6,100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AdjustmentsForIncreaseDecreaseInPrepayments', window );">Change in prepayments</a></td>
<td class="num">(1,400)<span></span>
</td>
<td class="nump">2,700<span></span>
</td>
<td class="nump">4,900<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables', window );">Change in trade payables and other liabilities</a></td>
<td class="num">(4,500)<span></span>
</td>
<td class="num">(5,400)<span></span>
</td>
<td class="num">(11,900)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments', window );">Adjusted for fair value changes of derivative financial instruments</a></td>
<td class="nump">6,900<span></span>
</td>
<td class="num">(1,000)<span></span>
</td>
<td class="nump">2,200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInWorkingCapital', window );">Total</a></td>
<td class="nump">$ 12,996<span></span>
</td>
<td class="num">$ (8,322)<span></span>
</td>
<td class="num">$ (16,870)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForAmortisationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for amortisation expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss); Depreciation and amortisation expense]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForAmortisationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in trade and other receivables to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Trade and other receivables; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in trade and other payables to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Trade and other payables; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForSharebasedPayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for share-based payments to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForSharebasedPayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for unrealised foreign exchange losses (gains) to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInWorkingCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in working capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInWorkingCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherAdjustmentsForNoncashItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for non-cash items to reconcile profit (loss) to net cash flow from (used in) operating activities that the entity does not separately disclose in the same statement or note. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherAdjustmentsForNoncashItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AdjustmentsForDecreaseIncreaseInTradeAccountsReceivablesAndPayablesForBunkersAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AdjustmentsForDecreaseIncreaseInTradeAccountsReceivablesAndPayablesForBunkersAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AdjustmentsForEquityTransactionsExpensedRelatedToCorporateReorganization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents adjustments for equity transactions expensed related to corporate reorganization to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AdjustmentsForEquityTransactionsExpensedRelatedToCorporateReorganization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in fair value changes of derivative financial instruments to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AdjustmentsForFairValueChangesOfDerivativeFinancialInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AdjustmentsForIncreaseDecreaseInBunkers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents adjustments for increase (decrease) in bunkers to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AdjustmentsForIncreaseDecreaseInBunkers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AdjustmentsForIncreaseDecreaseInPrepayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in prepayments to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AdjustmentsForIncreaseDecreaseInPrepayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_AdjustmentsForOtherNoncashItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of adjustments for non-cash items.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_AdjustmentsForOtherNoncashItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_ReversalOfOtherNonCashMovementsAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>122
<FILENAME>R115.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6831488032">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ENTITIES IN THE GROUP (Details)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr><th class="th" colspan="2"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfParentEntity', window );">Name of parent entity</a></td>
<td class="text">TORM plc<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporation', window );">Country of incorporation</a></td>
<td class="text">United Kingdom<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TormAsMember', window );">TORM A/S</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">TORM A/S<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Denmark<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_DkVesselHoldcoGpApsMember', window );">DK Vessel HoldCo GP ApS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">DK Vessel HoldCo GP ApS<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Denmark<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_DkVesselHoldcoKSMember', window );">DK Vessel HoldCo K/S</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">DK Vessel HoldCo K/S<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Denmark<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmGibraltarNjordMidcoLtdMember', window );">OCM (Gibraltar) Njord Midco Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM (Gibraltar) Njord Midco Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Gibraltar<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordCharteringIncMember', window );">OCM Njord Chartering Inc</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Njord Chartering Inc<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAgnesPte.LtdMember', window );">OCM Singapore Njord Holdings Agnes, Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Agnes, Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[4]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAlicePte.LtdMember', window );">OCM Singapore Njord Holdings Alice, Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Alice, Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAlmenaPte.LtdMember', window );">OCM Singapore Njord Holdings Almena, Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Almena, Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAmaliePte.LtdMember', window );">OCM Singapore Njord Holdings Amalie, Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Amalie, Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[4]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAslaugPte.LtdMember', window );">OCM Singapore Njord Holdings Aslaug, Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Aslaug, Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[4]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsHardradaPte.LtdMember', window );">OCM Singapore Njord Holdings Hardrada, Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Hardrada, Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsSt.MichaelisPte.LtdMember', window );">OCM Singapore Njord Holdings St.Michaelis Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings St.Michaelis Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsSt.GabrielPte.LtdMember', window );">OCM Singapore Njord Holdings St. Gabriel Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings St. Gabriel Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsHaraldPte.LtdMember', window );">OCM Singapore Njord Holdings Harald Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Harald Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[5]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsGormPte.LtdMember', window );">OCM Singapore Njord Holdings Gorm Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Gorm Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[4]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsKnutPte.LtdMember', window );">OCM Singapore Njord Holdings Knut Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Knut Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[4]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsValdemarPte.LtdMember', window );">OCM Singapore Njord Holdings Valdemar Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Valdemar Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[4]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAgnetePte.LtdMember', window );">OCM Singapore Njord Holdings Agnete, Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Agnete, Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAlexandraPte.LtdMember', window );">OCM Singapore Njord Holdings Alexandra, Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Alexandra, Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAnabelPte.LtdMember', window );">OCM Singapore Njord Holdings Anabel, Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Anabel, Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[4]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsArawaPte.LtdMember', window );">OCM Singapore Njord Holdings Arawa Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Arawa Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[4]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsLeifPte.LtdMember', window );">OCM Singapore Njord Holdings Leif Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Leif Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[4]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsRolfPte.LtdMember', window );">OCM Singapore Njord Holdings Rolf Pte. Ltd</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Singapore Njord Holdings Rolf Pte. Ltd<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[5]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmHoldingsMrsInc.Member', window );">OCM Holdings Mrs Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Holdings Mrs Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordAnneInc.Member', window );">OCM Njord Anne Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Njord Anne Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordFreyaInc.Member', window );">OCM Njord Freya Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Njord Freya Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordGerdInc.Member', window );">OCM Njord Gerd Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Njord Gerd Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordGertrudInc.Member', window );">OCM Njord Gertrud Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Njord Gertrud Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordGunhildInc.Member', window );">OCM Njord Gunhild Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Njord Gunhild Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordHeleneInc.Member', window );">OCM Njord Helene Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Njord Helene Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordHelvigInc.Member', window );">OCM Njord Helvig Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Njord Helvig Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordIngeborgInc.Member', window );">OCM Njord Ingeborg Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Njord Ingeborg Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordMaryInc.Member', window );">OCM Njord Mary Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Njord Mary Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordRagnhildInc.Member', window );">OCM Njord Ragnhild Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Njord Ragnhild Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordThyraInc.Member', window );">OCM Njord Thyra Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Njord Thyra Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordValborgInc.Member', window );">OCM Njord Valborg Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Njord Valborg Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordVitaInc.Member', window );">OCM Njord Vita Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OCM Njord Vita Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Marshall Islands<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OmiHoldingLtd.Member', window );">OMI Holding Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">OMI Holding Ltd.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2],[4]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Mauritius<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TorghattenTormShipowningApsMember', window );">Torghatten &amp; TORM Shipowning ApS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Torghatten &amp; TORM Shipowning ApS<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2],[5]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Denmark<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TormBrasilConsultoriaEmTransporteMaritimoLtda.Member', window );">TORM Brasil Consultoria em Transporte Maritimo LTDA.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">TORM Brasil Consultoria em Transporte Maritimo LTDA.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2],[6]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TormCrewingServiceLtd.Member', window );">TORM Crewing Service Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">TORM Crewing Service Ltd.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Bermuda<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TormShippingIndiaPrivateLimitedMember', window );">TORM Shipping India Private Limited</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">TORM Shipping India Private Limited<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">India<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TormSingaporePte.Ltd.Member', window );">TORM Singapore Pte. Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">TORM Singapore Pte. Ltd.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TormUsaLlcMember', window );">TORM USA LLC</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">TORM USA LLC<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">USA<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TtShipowningKSMember', window );">TT Shipowning K/S</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">TT Shipowning K/S<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2],[5]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Denmark<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco1KSMember', window );">VesselCo 1 K/S</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo 1 K/S<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Denmark<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco2Pte.Ltd.Member', window );">VesselCo 2 Pte. Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo 2 Pte. Ltd.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2],[6]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco3KSMember', window );">VesselCo 3 K/S</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo 3 K/S<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Denmark<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco4Pte.Ltd.Member', window );">VesselCo 4 Pte. Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo 4 Pte. Ltd.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2],[6]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco5KSMember', window );">VesselCo 5 K/S</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo 5 K/S<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2],[7]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Denmark<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco6Pte.Ltd.Member', window );">VesselCo 6 Pte. Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo 6 Pte. Ltd.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco7Pte.Ltd.Member', window );">VesselCo 7 Pte. Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo 7 Pte. Ltd.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco8Pte.Ltd.Member', window );">VesselCo 8 Pte. Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo 8 Pte. Ltd.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco9Pte.Ltd.Member', window );">VesselCo 9 Pte. Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo 9 Pte. Ltd.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[8]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco10Pte.Ltd.Member', window );">VesselCo 10 Pte. Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo 10 Pte. Ltd.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[8]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco11Pte.Ltd.Member', window );">VesselCo 11 Pte. Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo 11 Pte. Ltd.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[8]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco12Pte.Ltd.Member', window );">VesselCo 12 Pte. Ltd.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo 12 Pte. Ltd.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[7]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Singapore<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TormShippingPhils.Inc.Member', window );">TORM Shipping (Phils.), Inc.</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">TORM Shipping (Phils.), Inc.<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Philippines<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">25.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_VesselcoAApsMember', window );">VesselCo A ApS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo A ApS<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Denmark<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_VesselcoCApsMember', window );">VesselCo C ApS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo C ApS<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Denmark<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_VesselcoEApsMember', window );">VesselCo E ApS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">VesselCo E ApS<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[7]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary', window );">Country of incorporation of subsidiary</a></td>
<td class="text">Denmark<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">All subsidiaries are consolidated in full.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Entities added in the financial year ended 31 December 2015.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">For all subsidiaries, ownership and voting rights are the same except for TORM SHIPPING (PHILS.) INC where voting rights are 100%.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[4]</td>
<td style="vertical-align: top;" valign="top">Entities dissolved in the financial year ended 31 December 2017.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[5]</td>
<td style="vertical-align: top;" valign="top">Entities dissolved in the financial year ended 31 December 2016.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[6]</td>
<td style="vertical-align: top;" valign="top">Entities dissolved in the financial year ended 31 December 2015.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[7]</td>
<td style="vertical-align: top;" valign="top">Entities added in the financial year ended 31 December 2017.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[8]</td>
<td style="vertical-align: top;" valign="top">Entities added in the financial year ended 31 December 2016.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CountryOfIncorporation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The country in which the entity is incorporated.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 138<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_138_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CountryOfIncorporation</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The country in which a subsidiary of the entity is incorporated. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_16_b_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_17_b_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 12<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_12_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 19B<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_19B_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NameOfParentEntity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The name of the entity's parent. [Refer: Parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2017-01-01<br> -Paragraph 13<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2017-03-01&amp;anchor=para_13&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 138<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_138_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NameOfParentEntity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NameOfSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The name of a subsidiary. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_17_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_16_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 12<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_12_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 19B<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_19B_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NameOfSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in a subsidiary attributable to the entity. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 19B<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_19B_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TormAsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TormAsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_DkVesselHoldcoGpApsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_DkVesselHoldcoGpApsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_DkVesselHoldcoKSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_DkVesselHoldcoKSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmGibraltarNjordMidcoLtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmGibraltarNjordMidcoLtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordCharteringIncMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmNjordCharteringIncMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAgnesPte.LtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAgnesPte.LtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAlicePte.LtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAlicePte.LtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAlmenaPte.LtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAlmenaPte.LtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAmaliePte.LtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAmaliePte.LtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAslaugPte.LtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsAslaugPte.LtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsHardradaPte.LtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsHardradaPte.LtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsSt.MichaelisPte.LtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsSt.MichaelisPte.LtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsSt.GabrielPte.LtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsSt.GabrielPte.LtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsHaraldPte.LtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsHaraldPte.LtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsGormPte.LtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_OcmSingaporeNjordHoldingsGormPte.LtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td>na</td>
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<td><strong> Period Type:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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</tr>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
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<td><strong> Period Type:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td>na</td>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco10Pte.Ltd.Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco11Pte.Ltd.Member">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco11Pte.Ltd.Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_Vesselco12Pte.Ltd.Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TormShippingPhils.Inc.Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TormShippingPhils.Inc.Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_VesselcoAApsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_VesselcoCApsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_VesselcoEApsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>123
<FILENAME>R116.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6820635072">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>ENTITIES IN THE GROUP (Details 1) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="4">12 Months Ended</th>
</tr>
<tr>
<th class="th" colspan="2"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEntitiesLineItems', window );"><strong>Disclosure Of Entities [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Profit and loss from continuing operations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,407<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">$ (142,491)<span></span>
</td>
<td class="nump">$ 125,983<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other compre-hensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">7,279<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(1,250)<span></span>
</td>
<td class="nump">1,560<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total compre-hensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 9,686<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">$ (143,741)<span></span>
</td>
<td class="nump">$ 127,543<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=trmd_LongRange2ASMember', window );">Long Range 2 A/S</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEntitiesLineItems', window );"><strong>Disclosure Of Entities [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOfJointVenture', window );">Country</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Denmark<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInJointVenture', window );">% Control</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">50.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Profit and loss from continuing operations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other compre-hensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total compre-hensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=trmd_Lr2ManagementKSMember', window );">LR2 Management K/S</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEntitiesLineItems', window );"><strong>Disclosure Of Entities [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CountryOfIncorporationOfJointVenture', window );">Country</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Denmark<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInJointVenture', window );">% Control</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">50.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Profit and loss from continuing operations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other compre-hensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total compre-hensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 0<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">No income tax was incurred relating to other comprehensive income/(loss) items.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Please refer to "Consolidated Statement of Comprehensive Income".</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CountryOfIncorporationOfJointVenture">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The country in which a joint venture of the entity is incorporated. [Refer: Joint ventures [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_16_b_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_17_b_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 21<br> -Subparagraph a<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_21_a_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CountryOfIncorporationOfJointVenture</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_viii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations. [Refer: Continuing operations [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_vi&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfOwnershipInterestInJointVenture">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in a joint venture attributable to the entity. [Refer: Joint ventures [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 21<br> -Subparagraph a<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_21_a_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInJointVenture</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfEntitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfEntitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_JointVenturesAxis=trmd_LongRange2ASMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=trmd_LongRange2ASMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_JointVenturesAxis=trmd_Lr2ManagementKSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=trmd_Lr2ManagementKSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6804075200">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ENTITIES IN THE GROUP (Detail Textuals)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutConsolidatedStructuredEntitiesAbstract', window );"><strong>Disclosure of information about consolidated structured entities [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiaries</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInformationAboutConsolidatedStructuredEntitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationAboutConsolidatedStructuredEntitiesAbstract</td>
</tr>
<tr>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The proportion of the voting rights in a subsidiary held by the entity. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 19B<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_19B_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfVotingPowerHeldInSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>125
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6804491040">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>EARNINGS PER SHARE &amp; DIVIDEND PER SHARE (Details) - USD ($)<br> $ / shares in Units, $ in Thousands, shares in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DisclosureOfEarningsPerShareAndDividendPerShareAbstract', window );"><strong>Disclosure Of Earnings Per Share And Dividend Per Share [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net profit/(loss) for the year</a></td>
<td class="nump">$ 2,407<span></span>
</td>
<td class="nump">$ 142,491<span></span>
</td>
<td class="nump">$ 125,983<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_WeightedAverageNumberOfSharesIssued', window );">Average number of shares</a></td>
<td class="nump">62.3<span></span>
</td>
<td class="nump">63.1<span></span>
</td>
<td class="nump">51.7<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_WeightedAverageNumberOfSharesTreasuryShares', window );">Average number of treasury shares</a></td>
<td class="num">(0.3)<span></span>
</td>
<td class="num">(0.2)<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageShares', window );">Average number of shares outstanding</a></td>
<td class="nump">62.0<span></span>
</td>
<td class="nump">62.9<span></span>
</td>
<td class="nump">51.7<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares', window );">Dilutive effect of outstanding share options</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustedWeightedAverageShares', window );">Average number of shares outstanding incl. dilutive effect of share options</a></td>
<td class="nump">62.0<span></span>
</td>
<td class="nump">62.9<span></span>
</td>
<td class="nump">51.7<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Basic earnings/(loss) per share (USD)</a></td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="num">$ (2.3)<span></span>
</td>
<td class="nump">$ 2.4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Diluted earnings/(loss) per share (USD)</a></td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="num">$ (2.3)<span></span>
</td>
<td class="nump">$ 2.4<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustedWeightedAverageShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average number of ordinary shares outstanding plus the weighted average number of ordinary shares that would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 70<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_70_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustedWeightedAverageShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of dilutive potential ordinary shares that relate to the assumed exercise of the entity's share options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 70<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_70_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 70<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_70_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DisclosureOfEarningsPerShareAndDividendPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DisclosureOfEarningsPerShareAndDividendPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_WeightedAverageNumberOfSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the weighted average total number of shares issued throughout the period including the first (beginning balance outstanding) and last (ending balance outstanding) day of the period before considering any reductions (for instance, shares held in treasury) to arrive at the weighted average number of shares outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_WeightedAverageNumberOfSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_WeightedAverageNumberOfSharesTreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of treasury shares determined by relating the portion of time within a reporting period that treasury shares have been outstanding to the total time in that period. Treasury stock is stock that the Entity has issued but subsequently reacquired.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_WeightedAverageNumberOfSharesTreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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<DOCUMENT>
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6593792352">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>EARNINGS PER SHARE &amp; DIVIDEND PER SHARE (Details 1) - USD ($)<br> $ / shares in Units, shares in Millions, $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DividendPerShareAbstract', window );"><strong>DIVIDEND PER SHARE</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DividendPaidOnShares', window );">Dividend for the year</a></td>
<td class="nump">$ 1.2<span></span>
</td>
<td class="nump">$ 25.0<span></span>
</td>
<td class="nump">$ 0.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_NumberOfSharesOnWhichDividendPaid', window );">Number of shares, end of period</a></td>
<td class="nump">62.3<span></span>
</td>
<td class="nump">62.3<span></span>
</td>
<td class="nump">63.8<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_DividendPerShare', window );">Dividend per share</a></td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="nump">$ 0.4<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DividendPaidOnShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the amount related to dividend paid on shares during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DividendPaidOnShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DividendPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the per share amount of dividend.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DividendPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_DividendPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_DividendPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_NumberOfSharesOnWhichDividendPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the number of shares on which dividend paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_NumberOfSharesOnWhichDividendPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>127
<FILENAME>R120.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6798111456">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>BUSINESS COMBINATIONS IN 2015 (Details) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Jul. 13, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsAbstract', window );"><strong>Disclosure of detailed information about business combination [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate', window );">Tangible fixed assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 859.9<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_InvestmentInJointVenturesRecognisedAsOfAcquisitionDate', window );">Investment in joint ventures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_BunkersRecognisedAsOfAcquisitionDate', window );">Bunkers</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">27.8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_FreightReceivablesRecognisedAsOfAcquisitionDate', window );">Freight receivables</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">53.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_OtherReceivablesRecognisedAsOfAcquisitionDate', window );">Other receivables</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6.6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_PrepaymentsRecognisedAsOfAcquisitionDate', window );">Prepayments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10.6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate', window );">Cash and cash equivalents</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">77.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate', window );">Deferred tax liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">45.1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate', window );">Mortgage debt and bank loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(560.7)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContingentLiabilitiesRecognisedAsOfAcquisitionDate', window );">Finance lease liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13.5<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate', window );">Trade payables</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">27.3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate', window );">Current tax liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_OtherLiabilitiesRecognisedAsOfAcquisitionDate', window );">Other liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">29.7<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_TimeCharterContractsRecognisedAsOfAcquisitionDate', window );">Time charter contracts</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredIncomeRecognisedAsOfAcquisitionDate', window );">Deferred income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.4<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate', window );">Net assets acquired</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">356.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">$ 0.0<span></span>
</td>
<td class="nump">$ 0.0<span></span>
</td>
<td class="nump">$ 11.4<span></span>
</td>
<td class="nump">11.4<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed', window );">Consideration (purchase price)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">367.8<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInterestsOfAcquirer', window );">Shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">349.8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_trmd_WarrantsOfAcquirer', window );">Warrants</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">18.0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Total consideration transferred</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 367.8<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at acquisition date, of the consideration transferred in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_f&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for cash and cash equivalents acquired in a business combination. [Refer: Cash and cash equivalents; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ContingentLiabilitiesRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of contingent liabilities recognised as of the acquisition date in a business combination. [Refer: Contingent liabilities [member]; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ContingentLiabilitiesRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for current liabilities assumed in a business combination. [Refer: Current liabilities; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredIncomeRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for deferred income assumed in a business combination. [Refer: Deferred income; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredIncomeRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for deferred tax liabilities assumed in a business combination. [Refer: Deferred tax liabilities; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfBusinessCombinationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfBusinessCombinationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityInterestsOfAcquirer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at the acquisition date, of equity interests of the acquirer transferred as consideration in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_f_iv&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityInterestsOfAcquirer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for financial assets acquired in a business combination. [Refer: Financial assets; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Goodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B67<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B67_d&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 134<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_134_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 135<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_135_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Goodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for net identifiable assets acquired or liabilities assumed in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for plant, property and equipment acquired in a business combination. [Refer: Property, plant and equipment; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for trade and other payables assumed in a business combination. [Refer: Trade and other payables; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_BunkersRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for bunkers in a business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_BunkersRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_FreightReceivablesRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for freight receivables in a business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_FreightReceivablesRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_InvestmentInJointVenturesRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for investment in joint ventures in a business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_InvestmentInJointVenturesRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for mortgage debt and bank loans in a business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_MortgageDebtAndBankLoansRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_OtherLiabilitiesRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for other liabilities assumed in a business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_OtherLiabilitiesRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_OtherReceivablesRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for other receivables in a business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_OtherReceivablesRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_PrepaymentsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for prepayments in a business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_PrepaymentsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_TimeCharterContractsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for time charter contracts assumed in a business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_TimeCharterContractsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_trmd_WarrantsOfAcquirer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at the acquisition date, of warrants of the acquirer transferred as consideration in a business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">trmd_WarrantsOfAcquirer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>trmd_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
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</body>
</html>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6798145872">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>BUSINESS COMBINATIONS IN 2015 (Detail Textuals) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Jul. 13, 2015</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationLineItems', window );"><strong>Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=trmd_TormAsMember', window );">TORM A/S | OCM Njord Holdings S.a.R.L. | Business combinations</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationLineItems', window );"><strong>Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Ownership percentage</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiaries</a></td>
<td class="nump">61.99%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FairValueOfAcquiredReceivables', window );">Freight and other receivables acquired</a></td>
<td class="nump">$ 60.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossContractualAmountsReceivableForAcquiredReceivables', window );">Gross contractual amount</a></td>
<td class="nump">61.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BestEstimateAtAcquisitionDateOfContractualCashFlowsNotExpectedToBeCollectedForAcquiredReceivables', window );">Contractual cash flows not to expected to be collected</a></td>
<td class="nump">1.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueOfAcquiree', window );">Revenue</a></td>
<td class="nump">390.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossOfAcquiree', window );">Profit for the period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 88.2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueOfCombinedEntity', window );">Revenue of combined Group</a></td>
<td class="nump">$ 854.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossOfCombinedEntity', window );">Profit for the period of combined Group</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 186.7<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BestEstimateAtAcquisitionDateOfContractualCashFlowsNotExpectedToBeCollectedForAcquiredReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The best estimate at acquisition date of contractual cash flows not expected to be collected for receivables acquired in business combinations. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph h<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_h_iii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BestEstimateAtAcquisitionDateOfContractualCashFlowsNotExpectedToBeCollectedForAcquiredReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of receivables acquired in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph h<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_h_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FairValueOfAcquiredReceivables</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gross contractual amounts receivable for receivables acquired in business combinations. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph h<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_h_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GrossContractualAmountsReceivableForAcquiredReceivables</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of voting equity interests acquired in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_c&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PercentageOfVotingEquityInterestsAcquired</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossOfAcquiree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) of the acquiree, since the acquisition date, included in the consolidated statement of comprehensive income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph q<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_q_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossOfAcquiree</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) of the combined entity as though the acquisition date for all business combinations that occurred during the year had been as of the beginning of the annual reporting period. [Refer: Business combinations [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph q<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_q_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">ifrs-full_ProfitLossOfCombinedEntity</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The proportion of the voting rights in a subsidiary held by the entity. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 19B<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_19B_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfVotingPowerHeldInSubsidiary</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue of the acquiree since the acquisition date included in the consolidated statement of comprehensive income. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph q<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_q_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The revenue of the combined entity as though the acquisition date for all business combinations that occurred during the year had been as of the beginning of the annual reporting period. [Refer: Business combinations [member]; Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph q<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_q_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueOfCombinedEntity</td>
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7;%!+!08     @@"" -8C  #&30(    !

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>130
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/**
 * Rivet Software Inc.
 *
 * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved.
 * Version 2.4.0.3
 *
 */

var Show = {};
Show.LastAR = null,

Show.hideAR = function(){
	Show.LastAR.style.display = 'none';
};

Show.showAR = function ( link, id, win ){
	if( Show.LastAR ){
		Show.hideAR();
	}

	var ref = link;
	do {
		ref = ref.nextSibling;
	} while (ref && ref.nodeName != 'TABLE');

	if (!ref || ref.nodeName != 'TABLE') {
		var tmp = win ?
			win.document.getElementById(id) :
			document.getElementById(id);

		if( tmp ){
			ref = tmp.cloneNode(true);
			ref.id = '';
			link.parentNode.appendChild(ref);
		}
	}

	if( ref ){
		ref.style.display = 'block';
		Show.LastAR = ref;
	}
};

Show.toggleNext = function( link ){
	var ref = link;

	do{
		ref = ref.nextSibling;
	}while( ref.nodeName != 'DIV' );

	if( ref.style &&
		ref.style.display &&
		ref.style.display == 'none' ){
		ref.style.display = 'block';

		if( link.textContent ){
			link.textContent = link.textContent.replace( '+', '-' );
		}else{
			link.innerText = link.innerText.replace( '+', '-' );
		}
	}else{
		ref.style.display = 'none';

		if( link.textContent ){
			link.textContent = link.textContent.replace( '-', '+' );
		}else{
			link.innerText = link.innerText.replace( '-', '+' );
		}
	}
};
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>131
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
