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Segment reporting - Consolidated Statement of Profit or Loss By Operating Segment (Details) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Shipping income      
Revenue $ 932,377,000 $ 600,024,000 [1] $ 513,368,000 [1]
Gains on disposal of vessels/other tangible assets (Note 8) 14,879,000 19,138,000 [1] 36,538,000 [1]
Other operating income 10,094,000 4,775,000 [1] 4,902,000 [1]
Total shipping income 957,350,000 623,937,000 [1] 554,808,000 [1]
Operating expenses      
Voyage expenses and commissions (144,681,000) (141,416,000) [1] (62,035,000) [1]
Vessel operating expenses (211,795,000) (185,792,000) [1] (150,427,000) [1]
Charter hire expenses (604,000) (31,114,000) [1] (31,173,000) [1]
Losses on disposal of vessels/other tangible assets (75,000) (273,000) [1] (21,027,000) [1]
Impairment on non-current assets held for sale 0 2,995,000 [1] 0 [1]
Depreciation tangible assets (337,646,000) (270,582,000) [1] (229,777,000) [1]
Depreciation intangible assets (56,000) (111,000) [1] (95,000) [1]
General and administrative expenses (66,890,000) (66,232,000) [1] (46,868,000) [1]
Total operating expenses (761,747,000) (698,515,000) [1] (541,402,000) [1]
RESULT FROM OPERATING ACTIVITIES 195,603,000 (74,578,000) [1] 13,406,000 [1]
Finance income 20,572,000 15,023,000 [1] 7,266,000 [1]
Finance expenses (119,803,000) (89,412,000) [1] (50,729,000) [1]
Net finance expenses (99,231,000) (74,389,000) [1] (43,463,000) [1]
Gain on bargain purchase 0 23,059,000 [1],[2] 0 [1],[2]
Share of profit (loss) of equity accounted investees (net of income tax) 16,460,000 16,076,000 [1] 30,082,000 [1]
PROFIT (LOSS) BEFORE INCOME TAX 112,832,000 (109,832,000) [1] 25,000 [1]
Income tax expense (602,000) (238,000) [1] 1,358,000 [1]
PROFIT (LOSS) FOR THE PERIOD 112,230,000 (110,070,000) [1],[2],[3] 1,383,000 [1],[2],[3]
Attributable to:      
Owners of the company 112,230,267 (110,069,928) [1] 1,382,530 [1]
Operating segments | Tankers      
Shipping income      
Revenue 933,823,000 600,024,000 513,399,000
Gains on disposal of vessels/other tangible assets (Note 8) 14,879,000 19,138,000 36,538,000
Other operating income 10,075,000 4,775,000 4,902,000
Total shipping income 958,777,000 623,937,000 554,839,000
Operating expenses      
Voyage expenses and commissions (145,047,000) (141,416,000) (62,035,000)
Vessel operating expenses (212,010,000) (185,792,000) (150,391,000)
Charter hire expenses (604,000) (31,114,000) (31,173,000)
Losses on disposal of vessels/other tangible assets (75,000) (273,000) (21,027,000)
Impairment on non-current assets held for sale 0 2,995,000 0
Depreciation tangible assets (338,036,000) (270,582,000) (229,777,000)
Depreciation intangible assets (56,000) (111,000) (95,000)
General and administrative expenses (66,958,000) (66,235,000) (46,871,000)
Total operating expenses (762,786,000) (698,518,000) (541,369,000)
RESULT FROM OPERATING ACTIVITIES 195,991,000 (74,581,000) 13,470,000
Finance income 20,399,000 15,023,000 7,267,000
Finance expenses (119,809,000) (89,412,000) (50,730,000)
Net finance expenses (99,410,000) (74,389,000) (43,463,000)
Gain on bargain purchase 0 23,059,000 0
Share of profit (loss) of equity accounted investees (net of income tax) 440,000 220,000 150,000
PROFIT (LOSS) BEFORE INCOME TAX 97,021,000 (125,691,000) (29,843,000)
Income tax expense (602,000) (238,000) 1,358,000
PROFIT (LOSS) FOR THE PERIOD 96,418,000 (125,929,000) (28,485,000)
Attributable to:      
Owners of the company 96,418,000 (125,929,000) (28,485,000)
Operating segments | FSO      
Shipping income      
Revenue 49,461,000 49,155,000 59,513,000
Gains on disposal of vessels/other tangible assets (Note 8) 0 0 0
Other operating income 3,351,000 72,000 234,000
Total shipping income 52,812,000 49,227,000 59,747,000
Operating expenses      
Voyage expenses and commissions 2,000 (1,000) (304,000)
Vessel operating expenses (12,657,000) (9,637,000) (9,157,000)
Charter hire expenses 0 0 0
Losses on disposal of vessels/other tangible assets 0 0 0
Impairment on non-current assets held for sale 0 0 0
Depreciation tangible assets (18,071,000) (18,071,000) (18,071,000)
Depreciation intangible assets 0 0 0
General and administrative expenses (283,000) (425,000) (30,000)
Total operating expenses (31,009,000) (28,134,000) (27,562,000)
RESULT FROM OPERATING ACTIVITIES 21,803,000 21,093,000 32,185,000
Finance income 147,000 160,000 197,000
Finance expenses (4,558,000) (3,795,000) (1,026,000)
Net finance expenses (4,411,000) (3,635,000) (829,000)
Gain on bargain purchase 0 0 0
Share of profit (loss) of equity accounted investees (net of income tax) 0 0 0
PROFIT (LOSS) BEFORE INCOME TAX 17,392,000 17,458,000 31,356,000
Income tax expense (1,581,000) (1,599,000) (1,488,000)
PROFIT (LOSS) FOR THE PERIOD 15,812,000 15,859,000 29,868,000
Attributable to:      
Owners of the company 15,812,000 15,859,000 29,868,000
Less: Equity-accounted investees      
Shipping income      
Revenue 50,907,000 49,155,000 59,544,000
Gains on disposal of vessels/other tangible assets (Note 8) 0 0 0
Other operating income 3,332,000 72,000 234,000
Total shipping income 54,239,000 49,227,000 59,778,000
Operating expenses      
Voyage expenses and commissions (364,000) (1,000) (304,000)
Vessel operating expenses (12,872,000) (9,637,000) (9,121,000)
Charter hire expenses 0 0 0
Losses on disposal of vessels/other tangible assets 0 0 0
Impairment on non-current assets held for sale 0 0 0
Depreciation tangible assets (18,461,000) (18,071,000) (18,071,000)
Depreciation intangible assets 0 0 0
General and administrative expenses (351,000) (428,000) (33,000)
Total operating expenses (32,048,000) (28,137,000) (27,529,000)
RESULT FROM OPERATING ACTIVITIES 22,191,000 21,090,000 32,249,000
Finance income (26,000) 160,000 198,000
Finance expenses (4,564,000) (3,795,000) (1,027,000)
Net finance expenses (4,590,000) (3,635,000) (829,000)
Gain on bargain purchase 0 0 0
Share of profit (loss) of equity accounted investees (net of income tax) (16,020,000) (15,856,000) (29,932,000)
PROFIT (LOSS) BEFORE INCOME TAX 1,581,000 1,599,000 1,488,000
Income tax expense (1,581,000) (1,599,000) (1,488,000)
PROFIT (LOSS) FOR THE PERIOD 0 0 0
Attributable to:      
Owners of the company $ 0 $ 0 $ 0
[1] The Group initially applied IFRS 16 at January 1, 2019, using the modified retrospective approach. Under this approach, comparative information is not restated. The Group has initially applied IFRS 15 and IFRS 9 at January 1, 2018. Under the transition methods chosen, comparative information is not restated.
[2] .
[3] * The Group initially applied IFRS 16 at January 1, 2019, using the modified retrospective approach. Under this approach, comparative information is not restated.