SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2014

SHAREHOLDERS' EQUITY [Abstract]

Authorized, issued and outstanding common shares roll-forward

Authorized, issued and outstanding common shares roll-forward is as follows:

All figures in USD ´000, except number of shares	Authorized Shares		Issued and Out- standing Shares		Common Stock
Balance as of January 1, 2012		90,000,000		47,303,394		473
Common Shares Issued    in Follow-on Offering				5,500,000		55
Compensation – Restricted Shares				112,245		1
Balance as of December 31, 2012		90,000,000		52,915,639		529
Common Shares Issued    in Follow-on Offering				20,556,250		206
Shares issued in connection with the Scandic acquisition				1,910,112		19
Balance as of December 31, 2013		90,000,000		75,382,001		754
Common Shares Issued in Follow-on Offering				13,800,000		138
Increase in Authorized Shares		90,000,000
Balance as of December 31, 2014		180,000,000		89,182,001		892