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REVENUE
 12 Months Ended
Dec. 31, 2021
Revenue [abstract]  
REVENUE
 
30
REVENUE
 
A disaggregation of the Group’s revenue for the year based on timing of revenue recognition is as follows:
 
 
 
2021
 
 
2020
 
 
2019
 
 
 
US$’000
 
 
US$’000
 
 
US$’000
 
 
 
 
 
 
 
 
 
 
 
Over time:
 
 
 
 
 
 
 
 
 
 
 
 
Charter hire
 
 
210,079
 
 
 
81,212
 
 
 
94,924
 
Freight revenue
 
 
245,179
 
 
 
122,766
 
 
 
164,280
 
Vessel revenue
 
 
455,258
 
 
 
203,978
 
 
 
259,204
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Management fees
 
 
581
 
 
 
1,526
 
 
 
5,019
 
Miscellaneous
 
 
-
 
 
 
-
 
 
 
2
 
Other
 
 
581
 
 
 
1,526
 
 
 
5,021
 
 
 
 
 
 
 
 
 
 
 
 
 
 
At a point in time:
 
 
 
 
 
 
 
 
 
 
 
 
Sale of ships
 
 
-
 
 
 
4,937
 
 
 
7,645
 
Sale of bunkers and other consumables
 
 
-
 
 
 
241
 
 
 
422
 
Ship sales
 
 
-
 
 
 
5,178
 
 
 
8,067
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
455,839
 
 
 
210,682
 
 
 
272,292
 
 
Management expects that 100% of the transaction price allocated to the unsatisfied contracts as of 31 December 2021 will be recognised as revenue during the next reporting period. The Group applies the practical expedient in paragraph 121 of IFRS 15 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.