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RISKS ASSOCIATED WITH TORM'S ACTIVITIES - Changes in the interest rates (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Effect of a 1%-point increase in interest rates:      
Changes in profit/loss before tax for the following year   $ (2.4) $ (3.2)
Changes in equity for the following year   $ 8.0 $ 3.6
Sensitivity to changes      
Effect of a 1%-point increase in interest rates:      
Changes in profit/loss before tax for the following year $ (3.0)    
Changes in equity for the following year $ 7.9