REVENUE (Tables)

12 Months Ended

Dec. 31, 2013

REVENUE [Abstract]

Net method and gross method revenue

The table below provides the breakdown of revenues recorded as per the net method and the gross method.

Voyage Revenues All figures in USD '000	2013		2012		2011
Net pool spot market earnings, cooperative arrangements		-		77,287		76,618
Gross pool spot market earnings, Orion Tankers pool		-		36,339		–
Gross spot market earnings, through spot charters		243,657		17,056		18,169
Total Voyage Revenues		243,657		130,682		94,787