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SEGMENT INFORMATION (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Impairment loss recognised on financial assets      
Total revenue $ 455,839 $ 210,682 $ 272,292
Voyage expenses 96,964 81,840 141,445
Vessel operating costs 43,958 37,968 19,518
Gross profit 176,897 4,055 10,984
Interest income 201 467 1,882
Interest expense (12,298) (15,106) (8,052)
Share of losses of joint ventures (31) (945) (1,420)
Taxation 118 (189) 400
(Loss) profit for the year 129,482 (41,100) (43,487)
Impairment loss on disposal group (Note 40) 2,551 576 0
Impairment loss on right-of-use assets (1,046) 0 2,250
Unallocated Total [member]      
Impairment loss recognised on financial assets      
Vessel revenue 0 0 0
Ship sale revenue 0 0 0
Other 0 0 0
Total revenue 0 0 0
Voyage expenses 0 0 0
Vessel operating costs 0 0 0
Charter hire costs 0 0 0
Depreciation of ships, drydocking and plant and equipment– owned assets 0 0 0
Depreciation of ships and ship equipment – right-of-use assets 0 0 0
Cost of ship sale 0 0 0
Other 0 0 0
Cost of sales 0 0 0
Gross profit 0 0 0
Operating (loss) profit (3,379) (2,109) (2,255)
Interest income 20 0 0
Interest expense 0 (50) 0
Share of losses of joint ventures 0 0 0
Taxation 0 0 0
(Loss) profit for the year (3,359) (2,159) (2,255)
Impairment loss on owned ships   0 0
Impairment loss on disposal group (Note 40) 0 0  
Impairment loss on right-of-use assets 0   0
Impairment loss on goodwill and intangible assets 0   0
Acquisition of subsidiary (Note 41.1)   0  
Capital expenditure 0 0 0
(Reversal of ) impairment loss on owned ships 0    
Total [member]      
Impairment loss recognised on financial assets      
Vessel revenue 455,258 204,456 261,924
Ship sale revenue 0 9,181 8,067
Other 581 1,234 3,636
Total revenue 455,839 214,871 273,627
Voyage expenses (96,964) (79,750) (127,757)
Vessel operating costs (43,958) (39,802) (26,597)
Charter hire costs (73,381) (34,369) (56,555)
Depreciation of ships, drydocking and plant and equipment– owned assets (25,866) (23,211) (16,450)
Depreciation of ships and ship equipment – right-of-use assets (34,898) (24,686) (25,059)
Cost of ship sale 0 (9,351) (8,280)
Other (1,875) (412) (249)
Cost of sales (278,942) (211,581) (260,947)
Gross profit 176,897 3,290 12,680
Operating (loss) profit 144,626 (19,511) (18,144)
Interest income 201 408 1,783
Interest expense (12,298) (15,685) (11,124)
Share of losses of joint ventures 0 0 0
Taxation 118 (189) 400
(Loss) profit for the year 132,647 (34,977) (27,085)
Impairment loss on owned ships   17,294 16,995
Impairment loss on disposal group (Note 40) 2,551 576  
Impairment loss on right-of-use assets (1,046)   2,250
Impairment loss on goodwill and intangible assets 965   3,179
Acquisition of subsidiary (Note 41.1)   87,174  
Capital expenditure 33,504 8,611 107,766
(Reversal of ) impairment loss on owned ships (3,557)    
Adjustments [member]      
Impairment loss recognised on financial assets      
Vessel revenue 0 (478) (2,720)
Ship sale revenue 0 (4,003) 0
Other 0 (292) (1,385)
Total revenue 0 (4,189) (1,335)
Voyage expenses 0 (2,090) (13,688)
Vessel operating costs 0 1,834 7,079
Charter hire costs 0 0 468
Depreciation of ships, drydocking and plant and equipment– owned assets 0 1,208 5,715
Depreciation of ships and ship equipment – right-of-use assets 0 12 55
Cost of ship sale 0 3,976 0
Other 0 14 10
Cost of sales 0 4,954 361
Gross profit 0 765 (1,696)
Operating (loss) profit 31 1,838 (1,298)
Interest income 0 (59) (99)
Interest expense 0 579 3,072
Share of losses of joint ventures (31) (2,476) (1,873)
Taxation 0 0 0
(Loss) profit for the year 0 0 0
Impairment loss on owned ships   (1,012) 0
Impairment loss on disposal group (Note 40) 0 0  
Impairment loss on right-of-use assets 0   0
Impairment loss on goodwill and intangible assets 0   0
Acquisition of subsidiary (Note 41.1)   156,709  
Capital expenditure 0 479 (1,565)
(Reversal of ) impairment loss on owned ships 0    
Combined Total [Member]      
Impairment loss recognised on financial assets      
Vessel revenue 455,258 203,978 259,204
Ship sale revenue 0 5,178 8,067
Other 581 1,526 5,021
Total revenue 455,839 210,682 272,292
Voyage expenses (96,964) (81,840) (141,445)
Vessel operating costs (43,958) (37,968) (19,518)
Charter hire costs (75,381) (34,369) (56,087)
Depreciation of ships, drydocking and plant and equipment– owned assets (25,866) (22,003) (10,735)
Depreciation of ships and ship equipment – right-of-use assets (34,898) (24,674) (25,004)
Cost of ship sale 0 (5,375) (8,280)
Other (1,875) (398) (239)
Cost of sales (278,942) (206,627) (261,308)
Gross profit 176,897 4,055 10,984
Operating (loss) profit 144,657 (17,673) (19,442)
Interest income 201 467 1,882
Interest expense (12,298) (15,106) (8,052)
Share of losses of joint ventures (31) (2,476) (1,873)
Taxation 118 (189) 400
(Loss) profit for the year 132,647 (34,977) (27,085)
Impairment loss on owned ships   16,282 16,995
Impairment loss on disposal group (Note 40) 2,551 576  
Impairment loss on right-of-use assets (1,046)   2,250
Impairment loss on goodwill and intangible assets 965   3,179
Acquisition of subsidiary (Note 41.1)   243,883  
Capital expenditure 33,504 9,090 106,201
(Reversal of ) impairment loss on owned ships (3,557)    
Drybulk carrier business [Member]      
Impairment loss recognised on financial assets      
Vessel revenue 455,258 204,456 261,924
Ship sale revenue 0 9,181 8,067
Other 581 1,234 3,636
Total revenue 455,839 214,871 273,627
Voyage expenses (96,964) (79,750) (127,757)
Vessel operating costs (43,958) (39,802) (26,597)
Charter hire costs (73,381) (34,369) (56,555)
Depreciation of ships, drydocking and plant and equipment– owned assets (25,866) (23,211) (16,450)
Depreciation of ships and ship equipment – right-of-use assets (34,898) (24,686) (25,059)
Cost of ship sale 0 (9,351) (8,280)
Other (1,875) (412) (249)
Cost of sales (278,942) (211,581) (260,947)
Gross profit 176,897 3,290 12,680
Operating (loss) profit 148,005 (17,402) (15,889)
Interest income 181 408 1,783
Interest expense (12,298) (15,635) (11,124)
Share of losses of joint ventures 0 0
Taxation 118 (189) 400
(Loss) profit for the year 136,006 (32,818) (24,830)
Impairment loss on owned ships   17,294 16,995
Impairment loss on disposal group (Note 40) 2,551 576  
Impairment loss on right-of-use assets (1,046)   2,250
Impairment loss on goodwill and intangible assets 965   3,179
Acquisition of subsidiary (Note 41.1)   87,174  
Capital expenditure 33,504 8,611 107,766
(Reversal of ) impairment loss on owned ships (3,557)    
Drybulk carrier business [Member] | Handysize [Member]      
Impairment loss recognised on financial assets      
Vessel revenue 157,707 74,641 102,805
Ship sale revenue 0 9,181 8,067
Other 503 697 1,360
Total revenue 158,210 84,519 112,232
Voyage expenses (27,235) (30,995) (53,449)
Vessel operating costs (31,043) (28,417) (23,632)
Charter hire costs (11,755) (8,827) (15,162)
Depreciation of ships, drydocking and plant and equipment– owned assets (13,724) (12,235) (10,585)
Depreciation of ships and ship equipment – right-of-use assets (17) (89) (114)
Cost of ship sale 0 (9,351) (8,280)
Other (457) (539) (232)
Cost of sales (84,231) (90,453) (111,454)
Gross profit 73,979 (5,934) 778
Operating (loss) profit 65,612 (16,346) (11,354)
Interest income 7 90 659
Interest expense (4,873) (6,414) (4,850)
Share of losses of joint ventures 0 0 0
Taxation 3 (244) (95)
(Loss) profit for the year 60,749 (22,914) (15,640)
Impairment loss on owned ships   6,160 2,905
Impairment loss on disposal group (Note 40) 0 0  
Impairment loss on right-of-use assets 0   0
Impairment loss on goodwill and intangible assets 94   0
Acquisition of subsidiary (Note 41.1)   33,078  
Capital expenditure 5,947 6,874 3,065
(Reversal of ) impairment loss on owned ships (3,557)    
Drybulk carrier business [Member] | Supermax [Member]      
Impairment loss recognised on financial assets      
Vessel revenue 292,179 124,352 153,937
Ship sale revenue 0 0 0
Other 78 320 1,218
Total revenue 292,257 124,672 155,155
Voyage expenses (69,600) (48,547) (74,286)
Vessel operating costs (15,811) (13,640) (4,436)
Charter hire costs (63,626) (25,542) (41,393)
Depreciation of ships, drydocking and plant and equipment– owned assets (10,474) (9,087) (3,596)
Depreciation of ships and ship equipment – right-of-use assets (34,881) (24,597) (24,945)
Cost of ship sale 0 0 0
Other (1,419) 129 (15)
Cost of sales (195,811) (121,284) (148,671)
Gross profit 96,446 3,388 6,484
Operating (loss) profit 78,777 (3,181) (4,910)
Interest income 11 96 666
Interest expense (6,376) (8,542) (5,257)
Share of losses of joint ventures 0 0 0
Taxation 11 (278) (99)
(Loss) profit for the year 72,423 (11,905) (9,600)
Impairment loss on owned ships   0 0
Impairment loss on disposal group (Note 40) 0 0  
Impairment loss on right-of-use assets (1,046)   2,250
Impairment loss on goodwill and intangible assets 871   0
Acquisition of subsidiary (Note 41.1)   54,096  
Capital expenditure 26,423 1,671 50,008
(Reversal of ) impairment loss on owned ships 0    
Drybulk carrier business [Member] | Others [Member]      
Impairment loss recognised on financial assets      
Vessel revenue 5,372 5,463 5,182
Ship sale revenue 0 0 0
Other 0 217 1,058
Total revenue 5,372 5,680 6,240
Voyage expenses (129) (208) (22)
Vessel operating costs 2,896 2,255 1,471
Charter hire costs 0 0 0
Depreciation of ships, drydocking and plant and equipment– owned assets (1,668) (1,889) (2,269)
Depreciation of ships and ship equipment – right-of-use assets 0 0 0
Cost of ship sale 0 0 0
Other 1 (2) (2)
Cost of sales 1,100 156 (822)
Gross profit 6,472 5,836 5,418
Operating (loss) profit 3,616 2,125 375
Interest income 163 222 458
Interest expense (1,049) (679) (1,017)
Share of losses of joint ventures 0 0 0
Taxation 104 333 594
(Loss) profit for the year 2,834 2,001 410
Impairment loss on owned ships   0 0
Impairment loss on disposal group (Note 40) 0 0  
Impairment loss on right-of-use assets 0   0
Impairment loss on goodwill and intangible assets 0   0
Acquisition of subsidiary (Note 41.1)   0  
Capital expenditure 1,134 $ 66 $ 88
(Reversal of ) impairment loss on owned ships $ 0