FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2021

Financial instruments financial risks and capital management [Abstract]

Disclosure of detailed information about financial instruments [text block]

	2021		2020
	US$’000		US$’000
Financial assets
Financial assets at amortised cost		143,058		74,598
Less: Transferred to asset of disposal group classified as held for sale (Note 38)		-		(76	)
		143,058		74,522
Derivative instruments designated in hedge accounting relationships		5,981		458
		149,039		74,980
Financial liabilities
Financial liabilities at amortised cost		312,696		356,736
Less: Transferred to asset of disposal group classified as held for sale (Note 38)		-		(360	)
		312,696		356,376
Derivative instruments designated in hedge accounting relationships		704		-
		313,400		356,376

Credit Quality Of Financial assets And Exposure To Credit Risk [Text Block]

The tables below detail the credit quality of the Group’s financial assets and other items, as well as maximum exposure to credit risk by credit risk rating grades:

	Note		Internal credit rating		12-month or lifetime ECL		Gross carrying amount		Loss allowance			Net carrying amount
							US$’000		US$’000			US$’000
31 December 2021
Trade receivables		7		(i)		Lifetime ECL (Simplified approach)		9,657		(684	)		8,973
Contract assets		8		(i)		Lifetime ECL (Simplified approach)		3,686		-			3,686
Other receivables		9		Performing		12-month ECL		20,308		-			20,308
Loans to joint ventures		10		Doubtful		Lifetime ECL		10		-			10
								33,661		(684	)		32,977

	Note		Internal credit rating		12-month or lifetime ECL		Gross carrying amount		Loss allowance		Net carrying amount
							US$’000		US$’000		US$’000
31 December 2020
Trade receivables		7		(i)		Lifetime ECL (Simplified approach)		7,928		-		7,928
Contract assets		8		(i)		Lifetime ECL (Simplified approach)		900		-		900
Other receivables		9		Performing		12-month ECL		15,270		-		15,270
Loans to joint ventures		10		Doubtful		Lifetime ECL		798		-		798
								24,896		-		24,896

Disclosure of detailed information about Assets and liabilities in functional currency [Text Block]

At the end of the reporting period, the significant carrying amounts of monetary liabilities and monetary assets denominated in currencies other than the respective Group entities’ functional currencies are as follows:

	Liabilities						Assets
	2021			2020			2021		2020
	US$’000			US$’000			US$’000		US$’000
United States dollars		(564	)		(576	)		1,099		2,176
South African rands		(4,877	)		(6,171	)		-		5,767

Disclosure of detailed information about foreign currency basis spreads strengthens by 10 % in profit or loss [Text block]

	Impact on profit or loss
	2021			2020
	US$’000			US$’000
United States dollars		54			160
South African rands		(488	)		(40	)

Disclosure of detailed information maturity analysis for non-derivative financial liabilities [Text block]

	Weighted average effective interest rate		On demand or within 1 year			Within 2 to 5 years			After 5 years		Adjustment			Total
Group	% p.a.		US$’000			US$’000			US$’000		US$’000			US$’000
2021
Non-interest bearing		-		33,759			-			-		-			33,759
Lease liabilities		4.17		28,156			5,992			-		(877	)		33,271
Variable interest rate    instruments		3.82		35,040			188,521			54,565		(32,460	)		245,666
				96,954			194,513			54,565		(33,337	)		312,696
2020
Non-interest bearing		-		26,714			-			-		-			26,714
Fixed interest rate instruments		7.50		27,411			-			-		(1,879	)		25,532
Lease liabilities		4.63		29,862			24,146			-		(2,418	)		51,590
Variable interest rate   instruments		3.71		35,002			192,229			58,435		(32,766	)		252,900
				118,989			216,375			58,435		(37,063	)		356,736
Included in assets of a disposal group held for sale (Note 38)				(83	)		(277	)		-		-			(360	)
				118,906			216,098			58,435		(37,063	)		356,376

Disclosure of detailed information maturity analysis for derivative financial liabilities [Text Block]

	On demand or within 1 year			Within 2 to 5 years		Adjustment		Total
	US$’000			US$’000		US$’000		US$’000
Group
2021
Gross settled:
Forward freight agreements
Gross inflow		5,109			611		-		5,720
Gross outflow		(611	)		-		-		(611	)
		4,498			611		-		5,109
Bunker swaps
Gross inflow		261			-		-		261
Gross outflow		(93	)		-		-		(93	)
		168			-		-		168
		4,666			611		-		5,277
2020
Gross settled:
Bunker swaps
Gross inflow		458			-		-		458

Disclosure of detailed information about financial instruments measured at fair value on recuring basis [Text block]

	2021			2020
	US$’000			US$’000
Financial Assets
Forward freight agreements		5,720			-
Bunker swaps		261			458
Financial Liabilities
Forward freight agreements		(611	)		-
Bunker swaps		(93	)		-

Disclosure of detailed information significant unobservable inputs used in fair value measurement of assets [Text Block]

	Level 1		Level 2			Level 3		Total
	US$’000		US$’000			US$’000		US$’000
2021
Financial Assets
Derivative financial instruments		-		5,981			-		5,981
Financial Liabilities
Derivative financial instruments		-		(704	)		-		(704	)
2020
Financial Assets
Derivative financial instruments		-		458			-		458