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RISKS ASSOCIATED WITH TORM'S ACTIVITIES - Changes in freight rates (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Decrease in freight rates of USD/day 1,000:      
Changes in profit/loss before tax for the following year   $ (25.3) $ (24.1)
Changes in equity for the following year   $ (25.3) $ (24.1)
Sensitivity to changes      
Decrease in freight rates of USD/day 1,000:      
Changes in profit/loss before tax for the following year $ (25.4)    
Changes in equity for the following year $ (25.4)