REVENUES (Tables)

12 Months Ended

Dec. 31, 2025

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	2025		2024		2023
Spot Charter Revenues		211,952		273,633		346,409
Time Charter Revenues		79,738		76,109		45,278
Total Voyage Revenues		291,690		349,742		391,687

Future Minimum Revenues

The future minimum revenues as at December 31, 2025, related to time charter agreements are as follows:

All figures in USD ‘000	Amount
2026		60,148
2027		31,516
2028		20,637
2029		13,156
2030 and thereafter		1,622
Total Future Minimum Revenues		127,079