Expenses for shipping activities and other expenses from operating activities (Tables)

12 Months Ended

Dec. 31, 2019

Analysis of income and expense [abstract]

Schedule of voyage expenses and commissions

Voyage expenses and commissions

(in thousands of USD)	2019		2018		2017
Commissions paid	(10,130	)	(8,193	)	(4,895	)
Bunkers	(101,947	)	(103,920	)	(45,249	)
Other voyage related expenses	(32,604	)	(29,303	)	(11,891	)
Total voyage expenses and commissions	(144,681	)	(141,416	)	(62,035	)

Schedule of vessel operating expenses

Vessel operating expenses

(in thousands of USD)	2019		2018		2017
Operating expenses	(196,739	)	(172,589	)	(139,832	)
Insurance	(15,056	)	(13,203	)	(10,595	)
Total vessel operating expenses	(211,795	)	(185,792	)	(150,427	)

Schedule of charter hire expenses

Charter hire expenses

(in thousands of USD)	2019		2018		2017
Charter hire (Note 19)	(604	)	6		(62	)
Bare boat hire (Note 19)	—		(31,120	)	(31,111	)
Total charter hire expenses	(604	)	(31,114	)	(31,173	)

Schedule of general and administrative expenses

General and administrative expenses

(in thousands of USD)	2019		2018		2017
Wages and salaries	(25,050	)	(16,247	)	(12,853	)
Social security costs	(3,430	)	(3,746	)	(2,511	)
Provision for employee benefits (Note 17)	(2,589	)	(616	)	(827	)
Equity-settled share-based payments (Note 23)	—		(37	)	(313	)
Other employee benefits	(3,713	)	(7,607	)	(3,148	)
Employee benefits	(34,782	)	(28,253	)	(19,652	)
Administrative expenses	(31,226	)	(33,485	)	(22,579	)
Tonnage Tax	(1,313	)	(4,436	)	(4,772	)
Claims	(17	)	(100	)	(25	)
Provisions	448		42		160
Total general and administrative expenses	(66,890	)	(66,232	)	(46,868	)
Average number of full time equivalents (shore staff)	184.90		161.77		150.49