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VESSELS (Tables)
 12 Months Ended
Dec. 31, 2025
VESSELS [Abstract]  
Vessels
Vessels consists of the carrying value of 20 vessels for the year ended December 31, 2025, and December 31, 2024, respectively. Vessels includes capitalized drydocking costs.

All figures in USD ‘000
  
2025
    
2024
  
Vessels Cost as of January 1
    
1,153,392
      
1,152,522
  
Additions Vessels
    
133,748
      
870
  
Disposals Vessels
     (102,716 )    
-
  
Drydocking Cost as of January 1
    
81,473
      
79,599
  
Additions Drydocking
    
23,242
      
1,874
  
Disposals Drydocking
    
-
      
-
  
Total Cost Vessels and Drydocking
    
1,289,139
      
1,234,865
  
Less Accumulated Depreciation
    
(490,843
)
    
(505,519
)
Less Accumulated Impairment Loss on Vessels
    
(14,073
)
    
(14,073
)
Less Vessels Held for Sale
     (36,016 )     -  
Net Book Value Vessels as of December 31
    
748,207
      
715,273