Property, Plant and Equipment and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment and Intangible Assets [Abstract]

Summary of Movements in Property Plant and Equipment and Intangible Assets

Movements in property, plant and equipment and intangible assets during the years ended December 31, 2024 and 2023 are outlined below:

(in USD and thousands)	River Vessels & Equipment			Ocean and Expedition Ships & Equipment			River Vessels under Construction			Ocean Ships under Construction			Office Equipment			Land & Buildings			Other Fixed Assets			Intangible Assets, including Goodwill			Total
Cost as of January 1, 2024	$	2,621,214		$	4,077,141		$	111,919		$	308,696		$	21,486		$	21,786		$	53,308		$	171,145		$	7,386,695
Additions		28,801			23,445			275,943			581,479			1,648			2,789			1,784			20,232			936,121
Disposals		(4,510	)		(10,300	)		—			—			(3,642	)		(1,248	)		(1,408	)		(25,687	)		(46,795	)
Reclassified from ROU assets		—			1,404			—			—			—			—			—			—			1,404
Reclassified between assets		72,340			482,177			(72,340	)		(482,177	)		—			—			—			—			—
Reclassification and other		(317	)		—			—			—			—			1,828			—			—			1,511
Effect of currency translation		(4,265	)		—			(805	)		—			(181	)		(1,142	)		(63	)		(220	)		(6,676	)
Cost as of December 31, 2024	$	2,713,263		$	4,573,867		$	314,717		$	407,998		$	19,311		$	24,013		$	53,621		$	165,470		$	8,272,260
Accumulated depreciation, amortization    and impairment as of January 1, 2024	$	(983,491	)	$	(469,152	)	$	—		$	—		$	(15,482	)	$	(8,546	)	$	(36,293	)	$	(109,020	)	$	(1,621,984	)
Depreciation and amortization		(80,992	)		(121,625	)		—			—			(3,163	)		(736	)		(1,929	)		(20,079	)		(228,524	)
Depreciation and amortization of disposals		728			4,107			—			—			3,617			30			1,172			24,489			34,143
Reclassified from ROU assets		—			(1,404	)		—			—			—			—			—			—			(1,404	)
Effect of currency translation		1,728			—			—			—			129			526			31			199			2,613
Accumulated depreciation, amortization    and impairment as of December 31, 2024	$	(1,062,027	)	$	(588,074	)	$	—		$	—		$	(14,899	)	$	(8,726	)	$	(37,019	)	$	(104,411	)	$	(1,815,156	)
Net book value
As of January 1, 2024	$	1,637,723		$	3,607,989		$	111,919		$	308,696		$	6,004		$	13,240		$	17,015		$	62,125		$	5,764,711
As of December 31, 2024	$	1,651,236		$	3,985,793		$	314,717		$	407,998		$	4,412		$	15,287		$	16,602		$	61,059		$	6,457,104

(in USD and thousands)	River Vessels & Equipment			Ocean and Expedition Ships & Equipment			River Vessels under Construction			Ocean Ships under Construction			Office Equipment			Land & Buildings			Other Fixed Assets			Intangible Assets, including Goodwill			Total
Cost as of January 1, 2023	$	2,569,098		$	3,652,811		$	36,755		$	203,859		$	24,237		$	17,816		$	52,232		$	170,414		$	6,727,222
Additions		23,724			20,348			102,541			516,724			2,969			3,491			1,561			13,487			684,845
Disposals		(1,138	)		(15,356	)		—			—			(5,799	)		(23	)		(500	)		(12,779	)		(35,595	)
Reclassified from ROU assets		—			7,451			—			—			—			—			—			—			7,451
Reclassified between assets		27,377			411,887			(27,377	)		(411,887	)		—			—			—			—			—
Effect of currency translation		2,153			—			—			—			79			502			15			23			2,772
Cost as of December 31, 2023	$	2,621,214		$	4,077,141		$	111,919		$	308,696		$	21,486		$	21,786		$	53,308		$	171,145		$	7,386,695
Accumulated depreciation, amortization    and impairment as of January 1, 2023	$	(889,014	)	$	(347,707	)	$	—		$	—		$	(17,671	)	$	(7,208	)	$	(33,975	)	$	(104,519	)	$	(1,400,094	)
Depreciation, amortization and impairment		(93,692	)		(117,107	)		—			—			(3,235	)		(1,095	)		(2,799	)		(17,230	)		(235,158	)
Depreciation and amortization of disposals		—			3,113			—			—			5,481			—			500			12,749			21,843
Reclassified from ROU assets		—			(7,451	)					—			—			—			—			—			(7,451	)
Effect of currency translation		(785	)		—			—			—			(57	)		(243	)		(19	)		(20	)		(1,124	)
Accumulated depreciation, amortization    and impairment as of December 31, 2023	$	(983,491	)	$	(469,152	)	$	—		$	—		$	(15,482	)	$	(8,546	)	$	(36,293	)	$	(109,020	)	$	(1,621,984	)
Net book value
As of January 1, 2023	$	1,680,084		$	3,305,104		$	36,755		$	203,859		$	6,566		$	10,608		$	18,257		$	65,895		$	5,327,128
As of December 31, 2023	$	1,637,723		$	3,607,989		$	111,919		$	308,696		$	6,004		$	13,240		$	17,015		$	62,125		$	5,764,711