REVENUE (Tables)

12 Months Ended

Dec. 31, 2014

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	2014		2013		2012
Net pool spot market earnings, cooperative arrangements		-		-		77,287
Gross pool spot market earnings, Orion Tankers pool		-		-		36,339
Gross spot market earnings, through spot charters		351,049		243,657		17,056
Total Voyage Revenues		351,049		243,657		130,682