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FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES (Tables)
 12 Months Ended
Dec. 31, 2025
FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES [Abstract]  
Carrying Value of Estimated Fair Value of Financial Instruments
The carrying value and estimated fair value of the Company`s financial instruments at December 31, 2025, and 2024, are as follows:

All figures in USD ‘000
Recurring:
  
Fair Value
Hierarchy
Level
    
2025
Fair
Value
    
2025
Carrying
Value
    
2024
Fair
Value
    
2024
Carrying
Value
  
Cash and Cash Equivalents
    
1
      
45,863
      
45,863
      
39,177
      
39,177
  
Restricted Cash
    
1
      
-
      
-
      
5,207
      
5,207
  
Amended and Restated Credit Facility
    
2
      
(142,781
)
    
(142,659
)
    
(72,561
)
    
(72,494
)
Financing of 2018-built Vessels
    
2
      
(113,394
)
    
(113,075
)
    
(78,101
)
    
(77,241
)
Financing of 2022-built Vessels
     2       (68,344 )     (68,234 )     (73,836 )     (73,028 )
Financing of Nordic Hawk
    
2
       (41,524 )     (41,437 )     (47,524 )     (46,941 )
Financing of Nordic Moon / Nordic Galaxy
     2       (61,667 )     (61,564 )     -       -