Financial risk management, objectives and policies (Tables)

12 Months Ended

Dec. 31, 2023

Financial risk management, objectives and policies [Abstract]

Maximum Credit Exposure

The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting dates was:

(Dollars in thousands)	2023		2022
Cash and cash equivalents	$	74,738	$	125,948
Accounts receivable and accrued revenues		75,848		59,465
Maximum credit exposure	$	150,586	$	185,412

Contractual Maturities of Financial Liabilities

The following are contractual maturities of financial liabilities, including estimated interest payments on an undiscounted basis. The SOFR interest spot rate at December 31, 2023 (and spot rate at December 31, 2022 for comparatives) is used as a basis for preparation.

As of December 31, 2023
			2 to 5		More than
(Dollars in thousands)	1 year		years		5 years		Total
Interest bearing loans	$	65,665	$	346,283	$	143,919	$	555,867
Total	$	65,665	$	346,283	$	143,919	$	555,867

As of December 31, 2022
				2 to 5		More than
(Dollars in thousands)	1 year			years		5 years		Total
Interest bearing loans	$	59,707		$	384,591	$	26,464	$	470,761
Interest rate swaps		(3,300	)		-		-		(3,300	)
Total	$	56,407		$	384,591	$	26,464	$	467,462