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RISKS ASSOCIATED WITH TORM'S ACTIVITIES - Additional Information (Details) kr in Millions | 12 Months Ended
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Dec. 31, 2020 DKK (kr) | Dec. 31, 2019 USD ($) company item T | Dec. 31, 2018 USD ($) | Dec. 31, 2017 USD ($)
Disclosure of nature and extent of risks arising from financial instruments [line items] |  |  |  |
Freight rate change |  | $ 1,000 |  |
Carrying value of fleet |  | 1,674,800,000 | $ 1,396,500,000 |
Market value of fleet (excluding undelivered newbuildings) |  | $ 1,632,600,000 | $ 1,322,100,000 |
Threshold percentage of total voyage costs as cost of fuel oil consumed by vessels |  | 61.10% | 60.80% | 55.30%
Percentage of bunker consumption hedged |  | 6.50% | 4.80% | 3.30%
Percentage of bunker requirements for hedging instruments |  | 2.60% | 2.00% | 2.10%
Number of bunker requirements covered for hedging instruments | T |  | 13,590 |  |
Estimated total number of bunker requirements for hedging instruments | T |  | 529,852 |  |
Percentage of sensitivity to changes in the bunker prices |  | 10.00% |  |
Number of Protection and Indemnity club | item |  | 2 |  |
Aggregate insured value of hull and machinery and interest for TORM's owned vessels |  | $ 1,800,000,000 | $ 1,500,000,000 | $ 1,400,000,000
Percentage of freight revenues |  |  | 17.00% |
Average percentage of demurrage |  | 98.70% | 98.10% | 97.00%
Percentage of total freight revenues as demurrage |  | 13.10% | 13.30% | 13.20%
Percentage of forward freight agreements (FFAs) and fuel swaps |  | 100.00% | 100.00% | 100.00%
Percentage of administrative expenses denominated in currencies other than USD |  | 98.30% | 98.30% | 97.90%
Percentage of operating expenses denominated in currencies other than USD |  | 20.10% | 23.40% | 24.50%
Percentage of administrative and operating expenses denominated in currencies in DKK and EUR |  | 63.00% | 64.10% | 62.00%
Percentage of exposure to interest rate risk |  | 72.90% | 66.20% | 63.20%
Total interest expense exposure |  | $ 37,400,000 |  |
Notional value of interest rate hedges covering |  | 597,800,000 |  |
Liquidity reserve in cash |  | 72,000,000 | $ 127,000,000 | $ 134,000,000
Undrawn credit facilities |  | $ 246,000,000 |  |
Currency risk |  |  |  |
Disclosure of nature and extent of risks arising from financial instruments [line items] |  |  |  |
Closing foreign exchange rate |  | 6.5 |  |
Forecast |  |  |  |
Disclosure of nature and extent of risks arising from financial instruments [line items] |  |  |  |
Administrative and operating expenses | kr | kr 353.1 |  |  |
Maximum |  |  |  |
Disclosure of nature and extent of risks arising from financial instruments [line items] |  |  |  |
Number of companies to diversify risk | company |  | 16 |  |
Minimum |  |  |  |
Disclosure of nature and extent of risks arising from financial instruments [line items] |  |  |  |
Number of companies to diversify risk | company |  | 14 |  |
Working capital facility |  |  |  |
Disclosure of nature and extent of risks arising from financial instruments [line items] |  |  |  |
Undrawn credit facilities |  | $ 75,000,000 |  |

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