REVENUES (Tables)

12 Months Ended

Dec. 31, 2024

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	2024		2023		2022
Spot Charter Revenues		273,633		346,409		296,810
Time Charter Revenues		76,109		45,278		42,530
Total Voyage Revenues		349,742		391,687		339,340

Future Minimum Revenues

The future minimum revenues as at December 31, 2024, related to time charter agreements are as follows:

All figures in USD ‘000	Amount
2025		68,887
2026		47,747
2027		32,935
2028		20,763
2029 and thereafter		12,167
Total Future Minimum Revenues		182,499