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RISKS ASSOCIATED WITH TORM'S ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Risks Associated With Entities Activities [Abstract]  
Schedule of sensitivity analysis for changes in freight rates
USDm   2019     2018     2017  
                   
Decrease in freight rates of USD/day 1,000:                        
Changes in profit before tax, as of 31 December     -25.3       -24.1       -25.0  
Changes in equity, as of 31 December     -25.3       -24.1       -25.0  
Schedule of sensitivity analysis, impact of 10 percent per ton increase in bunker prices
USDm   2019     2018     2017  
                   
Increase in the bunker prices of 10% per ton:                        
Changes in profit before tax, as of 31 December     -20.7       -18.3       -15.6  
Changes in equity, as of 31 December     -20.7       -18.3       -15.6  
Schedule of sensitivity analysis, impact of 10 percent change in exchange rate
USDm   2019     2018     2017  
                   
Effect of a 10% increase of DKK and EUR:                        
Changes in profit before tax, as of 31 December     -2.1       -2.5       -1.7  
Changes in equity, as of 31 December     -2.1       -2.5       -1.7  
Schedule of sensitivity analysis, impact of 1 percent point increase in interest rate
USDm   2019     2018     2017  
                   
Effect of a 1% point increase in interest rates:                        
Changes in profit before tax, as of 31 December     -2.4       -3.2       -2.5  
Changes in equity, as of 31 December     8.0       3.6       6.8