Derivative financial instruments (Tables)

12 Months Ended

Dec. 31, 2024

Derivative financial instruments [Abstract]

Derivative Financial Instruments Recorded as Assets or Liabilities

	2024 US$’000				2023 US$’000
	Assets		Liabilities		Assets		Liabilities
Cash flow hedges
- Interest rate swaps		22,935		—		45,964		—
Non-hedging instruments
- Forward freight agreements		1,690		891		1,512		276
- Forward foreign exchange contracts		—		1,048		449		—
		24,625		1,939		47,925		276
Analysed as:
Non-current		12,024		—		35,023		—
Current		12,601		1,939		12,902		276
		24,625		1,939		47,925		276

Forward Foreign Exchange Contracts

The notional principal amounts of the outstanding forward foreign exchange contracts as at 31 December 2024 and 2023 comprise the following:

	2024 US$’000				2023 US$’000
Currency	Notional amounts in local currency		US$ equivalent		Notional amounts in local currency		US$ equivalent
Singapore Dollars		27,648		21,039		31,268		23,381
Danish Kroner		60,000		8,818		—		—