VESSELS (Tables)

9 Months Ended

Sep. 30, 2018

VESSELS [Abstract]

Vessels, Net

All figures in USD ‘000	January 1 - September 30, 2018			January 1 - December 31, 2017
Vessels as of January 1		1,769,967			1,700,040
Additions Vessels	114,188				69,927
Disposals Vessels		(548,435	)		-
Drydocking as of January 1		119,303			99,153
Additions Drydocking		7,006			20,150
Disposals Drydocking		(68,043	)		0
Total Vessels and Drydocking	1,393,985				1,889,270
Less Accumulated Depreciation	(440,237		)*		(842,977	)
Less Accumulated Impairment Loss on Vessels		(19,128	)**		(110,480	)
Vessels, net		934,620			935,813

*Depreciation charges of $447.2 million related to vessels disposed of in 2018 is excluded

** Impairment charges of $2.2 million related to vessels disposed of in 2018 is excluded