REVENUES (Tables)

12 Months Ended

Dec. 31, 2023

REVENUES [Abstract]

Voyage Revenues

Our voyage revenues consist of time charter revenues and spot charter revenues with the following split:

All figures in USD ‘000	2023		2022		2021
Spot Charter Revenues		346,409		296,810		170,242
Time Charter Revenues		45,278		42,530		20,833
Total Voyage Revenues		391,687		339,340		191,075

Future Minimum Revenues

The future minimum revenues as at December 31, 2023 related to time charter revenues are as follows:

All figures in USD ‘000	Amount
2024		47,783
2025		17,155
2026		17,155
2027		17,155
2028 and thereafter		7,406
Total Future Minimum Revenues		106,654