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Consolidated Income Statement - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Consolidated Income Statement [Abstract]      
Shipping revenues $ 497,197 $ 567,835 $ 556,075
Other revenues [1] 1,203 3,938 4,481
Total revenues 498,400 571,773 560,556
Gain on sale of vessels 52,943 0 0
Other income 970 0 0
Operating expenses      
Voyage expenses (128,088) (179,623) (165,667)
Vessel operating expenses (72,994) (78,594) (75,429)
Depreciation and amortization (106,370) (111,884) (108,902)
Reversal of prior impairment charges 0 27,909 0
General and administrative expense (19,890) (18,944) (17,448)
Total operating expenses (327,342) (361,136) (367,447)
Operating income 224,972 210,637 193,110
Interest income 3,139 3,918 4,485
Interest expense (14,169) (30,399) (33,061)
Net loss on derivative instruments at fair value (170) 0 (504)
Other financial expense (2,396) (2,088) (1,984)
Profit before tax 211,376 182,069 162,046
Income tax expense (413) (608) (649)
Profit for the year 210,962 181,460 161,397
Attributable to the owners of non-controlling interest (130) 84 43
Attributable to the owners of parent $ 211,092 $ 181,377 $ 161,353
Attributable to the owners of parent:      
Basic earnings per share (in dollars per share) $ 1.31 $ 1.12 $ 0.99
Diluted earnings per share (in dollars per share) $ 1.31 $ 1.12 $ 0.99
Weighted average number of shares (basic) (in shares) 160,690,206 161,354,507 162,178,499
Weighted average number of shares (diluted) (in shares) 160,773,279 161,441,782 162,356,735
[1] Other revenues mainly relate to technical management services provided and are presented in accordance with IFRS 15.