Income taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income taxes [Abstract]

Income tax expense

Income tax expense

	2024 US$’000		2023 US$’000		2022 US$’000
Tax expense attributable to profit is made up of:
Current income tax	5,849		6,540		5,785
Others	(1,431	)	(289	)	893
	4,418		6,251		6,678

Reconciliation of Effective Tax Rate

The income tax expense reconciliation of the Group is as follows:

Reconciliation of effective tax rate	2024 US$’000		2023 US$’000		2022 US$’000
Profit before income tax	778,453		799,526		758,267
Tax calculated at a tax rate of 0% (2023: 0%, 2022: 0%)	—		—		—
Effect of:
- Tax on non-shipping income	5,849		6,540		5,785
- Changes in estimates related to prior years	(1,431	)	(289	)	893
Income tax expense	4,418		6,251		6,678