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Segment reporting - Consolidated Statement of Profit or Loss By Operating Segment (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Shipping income      
Revenue $ 419,770 $ 1,210,341 [1] $ 914,711 [1]
Gains on disposal of vessels/other tangible assets 15,068 22,728 [1] 14,879 [1]
Other operating income 10,255 10,112 [1] 10,094 [1]
Total shipping income 445,093 1,243,181 [1] 939,684 [1]
Operating expenses      
Voyage expenses and commissions (118,808) (125,430) [1] (144,681) [1]
Vessel operating expenses (220,706) (218,390) [1] (218,504) [1]
Charter hire expenses (9,750) (7,954) [1] (604) [1]
Losses on disposal of vessels/other tangible assets 0 (1) [1] (75) [1]
Depreciation tangible assets (344,904) (319,652) [1] (337,646) [1]
Depreciation intangible assets (90) (99) [1] (56) [1]
General and administrative expenses (32,408) (37,333) [1] (42,515) [1]
Total operating expenses (726,666) (708,859) [1] (744,081) [1]
RESULT FROM OPERATING ACTIVITIES (281,573) 534,322 [1] 195,603 [1]
Finance income 14,934 21,496 [1] 20,572 [1]
Finance expenses (95,541) (91,553) [1] (119,803) [1]
Net finance expenses (80,607) (70,057) [1] (99,231) [1]
Share of profit (loss) of equity accounted investees (net of income tax) 22,976 10,917 [1] 16,460 [1]
PROFIT (LOSS) BEFORE INCOME TAX (339,204) 475,182 [1] 112,832 [1]
Income tax expense 427 (1,944) [1] (602) [1]
PROFIT (LOSS) FOR THE PERIOD (338,777) 473,238 [1] 112,230 [1]
Attributable to:      
Owners of the company (338,777) 473,238 [1] 112,230 [1]
Operating segments | Tankers      
Shipping income      
Revenue 422,649 1,220,843 916,157
Gains on disposal of vessels/other tangible assets 15,068 23,107 14,879
Other operating income 10,111 9,907 10,075
Total shipping income 447,828 1,253,857 941,111
Operating expenses      
Voyage expenses and commissions (122,374) (129,833) (145,047)
Vessel operating expenses (222,087) (221,245) (218,719)
Charter hire expenses (6,775) (5,410) (604)
Losses on disposal of vessels/other tangible assets 0 (1) (75)
Depreciation tangible assets (347,338) (323,216) (338,036)
Depreciation intangible assets (90) (99) (56)
General and administrative expenses (32,441) (37,441) (42,583)
Total operating expenses (731,105) (717,245) (745,120)
RESULT FROM OPERATING ACTIVITIES (283,277) 536,612 195,991
Finance income 14,050 20,045 20,399
Finance expenses (95,626) (91,645) (119,809)
Net finance expenses (81,576) (71,600) (99,410)
Share of profit (loss) of equity accounted investees (net of income tax) 380 467 440
PROFIT (LOSS) BEFORE INCOME TAX (364,473) 465,479 97,021
Income tax expense 427 (1,944) (602)
PROFIT (LOSS) FOR THE PERIOD (364,046) 463,535 96,418
Attributable to:      
Owners of the company (364,046) 463,535 96,418
Operating segments | FSO      
Shipping income      
Revenue 50,132 49,949 49,461
Gains on disposal of vessels/other tangible assets 0 0 0
Other operating income 2,356 2,577 3,351
Total shipping income 52,488 52,526 52,812
Operating expenses      
Voyage expenses and commissions 0 0 2
Vessel operating expenses (12,381) (12,014) (12,657)
Charter hire expenses 0 0 0
Losses on disposal of vessels/other tangible assets 0 0 0
Depreciation tangible assets (9,899) (16,710) (18,071)
Depreciation intangible assets 0 0 0
General and administrative expenses (330) (560) (283)
Total operating expenses (22,610) (29,284) (31,009)
RESULT FROM OPERATING ACTIVITIES 29,878 23,242 21,803
Finance income 0 21 147
Finance expenses (1,971) (3,295) (4,558)
Net finance expenses (1,971) (3,274) (4,411)
Share of profit (loss) of equity accounted investees (net of income tax) 0 0 0
PROFIT (LOSS) BEFORE INCOME TAX 27,907 19,968 17,392
Income tax expense (2,638) (10,265) (1,581)
PROFIT (LOSS) FOR THE PERIOD 25,269 9,703 15,812
Attributable to:      
Owners of the company 25,269 9,703 15,812
Equity-accounted investees      
Shipping income      
Revenue 53,011 60,451 50,907
Gains on disposal of vessels/other tangible assets 0 379 0
Other operating income 2,212 2,372 3,332
Total shipping income 55,223 63,202 54,239
Operating expenses      
Voyage expenses and commissions (3,566) (4,403) (364)
Vessel operating expenses (13,762) (14,869) (12,872)
Charter hire expenses 2,975 2,544 0
Losses on disposal of vessels/other tangible assets 0 0 0
Depreciation tangible assets (12,333) (20,274) (18,461)
Depreciation intangible assets 0 0 0
General and administrative expenses (363) (668) (351)
Total operating expenses (27,049) (37,670) (32,048)
RESULT FROM OPERATING ACTIVITIES 28,174 25,532 22,191
Finance income (884) (1,430) (26)
Finance expenses (2,056) (3,387) (4,564)
Net finance expenses (2,940) (4,817) (4,590)
Share of profit (loss) of equity accounted investees (net of income tax) (22,596) (10,450) (16,020)
PROFIT (LOSS) BEFORE INCOME TAX 2,638 10,265 1,581
Income tax expense (2,638) (10,265) (1,581)
PROFIT (LOSS) FOR THE PERIOD 0 0 0
Attributable to:      
Owners of the company $ 0 $ 0 $ 0
[1] In order to improve the relevancy of the accounting information of the income statement, the Company reclassified certain cost elements without impact on the profit (loss) for the period. These changes have been adopted in 2021 to improve comparability within the sector. They have been applied retrospectively and comparative information has been revised. Please refer to Note 1.6 for further details.