Revenue and major customers (Tables)

9 Months Ended

Sep. 30, 2026

Revenue and major customers [Abstract]

Total Revenues

The table below details the Company’s total revenues:

$ in thousands	Q3 2026	Q3 2025	9M 2026		9M 2025
Time charter revenues1	116,042	38,362		260,523		100,595
Voyage charter revenues2	216,084	68,789		542,707		252,671
Shipping revenues	332,126	107,151		803,230		353,266
Other revenues3	293	197		678		971
Total revenues	332,419	107,348		803,908		354,237
Revenues relating to IFRS 15	226,056	77,883		571,256		275,873

¹The majority of time charter revenues are recognized in accordance with IFRS 16 Leases, while the portion of time charter revenues related to technical management services, equaling $9,678 thousand in the third quarter of 2026, $8,898 thousand in the third quarter of 2025, $27,872 thousand in the first nine months of 2026 and $22,231 thousand in the first nine months of 2025, is recognized in accordance with IFRS 15 Revenue from Contracts with Customers.

²Voyage charter revenues are related to revenue from spot charters and are recognized in accordance with IFRS 15.

³Other revenues mainly relate to technical management services provided and are recognized in accordance with IFRS 15.