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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure Of Derivative Financial Instruments Explanatory [Abstract]  
Schedule of disclosure of derivative financial instruments
USDm   2018     2017  
Fair value of derivatives:                
Derivative financial instruments regarding freight and bunkers:                
Forward freight agreements     0.5       -0.2  
Bunker swaps     -1.2       0.8  
                 
Derivative financial instruments regarding interest and currency exchange rate:                
Forward exchange contracts     -1.8       1.8  
Interest rate swaps     2.8       5.1  
Fair value of derivatives as of 31 December     0.3       7.5  

 

USDm   Financial 
assets		     Financial 
liabilities		  
2018                
Offsetting financial assets and financial liabilities:                
Gross amount     7.1       -6.8  
Offsetting amount     -3.4       3.4  
Net amount presented in the statement of financial position     3.7       -3.4  

 

USDm   Financial 
assets		     Financial 
liabilities		  
2017                
Offsetting of financial assets and financial liabilities:                
Gross amount     8.2       -0.4  
Offsetting amount     -0.9       0.6  
Net amount presented in the statement of financial position     7.3       0.2  
Schedule of realized amounts and fair value adjustments for derivative financial instruments

 		 Income statement     Equity  
USDm   Revenue     Port expenses, 
bunkers and 
commissions		     Financial items     Operating 
expenses		     Administrative 
expenses		     Hedging 
reserves		  
2018                                                
Forward freight agreements     -2.1       -       -       -       -       0.9  
Bunker swaps     -       1.1       -       -       -       -2.0  
Forward exchange contracts     -       -       -       0.1       0.2       -2.4  
Interest rate swaps     -       -       1.0       -       -       -3.6  
Total     -2.1       1.1       1.0       0.1       0.2       -7.1  
                                                 
2017                                                
Forward freight agreements     0.5       -       -       -       -       -0.3  
Bunker swaps     -       1.2       -       -       -       -  
Forward exchange contracts     -       -       -       0.3       0.2       4.4  
Interest rate swaps     -       -       -3.4       -       -       2.7  
Total     0.5       1.2       -3.4       0.3       0.2       6.8  
                                                 
2016                                                
Forward freight agreements     -0.1       -       -       -       -       -0.2  
Bunker swaps     -       0.0       -       -       -       1.0  
Forward exchange contracts     -       -       -       0.6       0.4       -3.4  
Interest rate swaps     -       -       -2.8       -       -       1.6  
Total     -0.1       0.0       -2.8       0.6       0.4       -1.0