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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CONSOLIDATED BALANCE SHEET [Abstract]    
Vessels $ 2,521,223 $ 2,673,938
Dry docking and scrubbers 66,945 68,159
Right-of-use assets - Vessels 18,661 34,561
Other property, plant and equipment 733 964
Total property, plant and equipment 2,607,562 2,777,622
Intangible assets 510 1,290
Total intangible assets 510 1,290
Other investments 23,069 23,953
Derivative financial instruments 12,024 35,023
Deferred tax assets 0 36
Restricted cash 13,542 13,381
Loans receivable from joint ventures 64,133 69,626
Joint ventures 81,371 60,172
Total other non-current assets 194,139 202,191
Total non-current assets 2,802,211 2,981,103
Intangible assets 5,919 0
Total intangible assets 5,919 0
Inventories 94,155 107,704
Trade and other receivables, and prepayments 503,836 589,710
Derivative financial instruments 12,601 12,902
Cash at bank and on hand 195,271 141,621
Cash retained in the commercial pools 88,297 80,900
Total other current assets 894,160 932,837
Total current assets 900,079 932,837
Total assets 3,702,290 3,913,940
Share capital 1,093,055 5,069
Share premium 0 1,044,849
Contributed surplus 0 537,112
Other reserves 517,713 27,620
Treasury shares (53,439) (17,951)
Retained earnings 705,177 631,025
Total shareholders' equity 2,262,506 2,227,724
Borrowings 785,954 1,025,023
Total non-current liabilities 785,954 1,025,023
Borrowings 336,295 267,328
Derivative financial instruments 1,939 276
Current income tax liabilities 2,757 8,111
Trade and other payables 312,839 385,478
Total current liabilities 653,830 661,193
Total liabilities 1,439,784 1,686,216
Total shareholders' equity and liabilities $ 3,702,290 $ 3,913,940