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FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure Of Fair Value Measurement Of Assets And Liabilities [Abstract]  
Schedule of fair value measurement of assets and liabilities
Categories of financial assets and liabilities (USDm):
 
Quoted
prices
(level 1)
Observable
input
(level 2)
Unobservable
input
(level 3)
Fair value
Total
Amortized cost
Carrying value
        
2017:
       
        
Loans and receivables
       
Freight receivables
¹⁾
  -
  -
  -
  -
71.3
71.3
Other receivables
 
  -
  7.6
  -
  7.6
  4.2
 11.8
Cash and cash equivalents
¹⁾
  -
  -
  -
  -
134.2
134.2
Total
 
  -
  7.6
  -
  7.6
  209.7
217.3
        
Financial liabilities
       
Mortgage debt and bank loans
²⁾
  -
  -
  -
  -
  720.9
  720.9
Finance lease liabilities
¹⁾
  -
  -
  -
  -
  28.2
  28.2
Trade payables
¹⁾
  -
  -
  -
  -
  26.2
  26.2
Other liabilities
¹⁾
  -
  -0.2
  -
  -0.2
  34.0
  33.8
Total
 
  -
  -0.2
  -
  -0.2
  809.3
809.1
        
2016:
       
        
Loans and receivables
       
Freight receivables
¹⁾
  -
  -
  -
  -
  62.5
  62.5
Other receivables
 
  -
  3.3
  -
  3.3
  4.8
8.1
Cash and cash equivalents
¹⁾
  -
  -
  -
  -
  76.0
  76.0
Total
 
  -
  3.3
  -
  3.3
143.3
146.6
        
Financial liabilities
       
Mortgage debt and bank loans
²⁾
  -
  -
  -
  -
  669.6
  669.6
Finance lease liabilities
¹⁾
  -
  -
  -
  -
13.6
13.6
Trade payables
¹⁾
  -
  -
  -
  -
  28.5
  28.5
Other liabilities
¹⁾
  -
  4.8
  -
  4.8
  28.3
33.1
Total
 
  -
  4.8
  -
  4.8
  740.0
  744.8
        
 
¹⁾ Due to the short maturity, the carrying value is considered to be an appropriate expression of the fair value.
²⁾ See note 15.