Joint ventures (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of joint ventures [line items]

Interest in Associate and Joint Ventures

	2024 US$’000		2023 US$’000
Interest in joint ventures		81,371		60,172

Vista Shipping Pte. Ltd. [Member]

Disclosure of joint ventures [line items]

Financial Information of Joint Venture

The following table summarises the financial information of Vista Shipping as included in its own consolidated financial statements. The table also reconciles the summarised financial information to the carrying amount of the Group’s interest in Vista Shipping.

	2024 US$’000			2023 US$’000
Percentage ownership interest		50	%		50	%
Non-current assets		427,959			397,965
Current assets		63,657			54,092
Non-current liabilities		(317,722	)		(336,598	)
Current liabilities		(45,350	)		(28,564	)
Net assets (100%)		128,544			86,895
Group’s share of net assets (50%)		64,272			43,448
Revenue		112,907			91,191
Other income		2,623			1,963
Expenses		(73,951	)		(56,914	)
Profit and total comprehensive income (100%)		41,579			36,240
Profit and total comprehensive income (50%)		20,790			18,120
Adjustment to previously recognised share of profit/(loss) from prior year		35			(170	)
Group’s share of total comprehensive income (50%)		20,825			17,950

H&A Shipping [Member]

Disclosure of joint ventures [line items]

Financial Information of Joint Venture

The following table summarises the financial information of H&A Shipping as included in its own consolidated financial statements. The table also reconciles the summarised financial information to the carrying amount of the Group’s interest in H&A Shipping.

	2024 US$’000			2023 US$’000
Percentage ownership interest		50	%		50	%
Non-current assets		59,892			62,990
Current assets		5,388			5,308
Non-current liabilities		(46,093	)		(52,038	)
Current liabilities		(4,940	)		(4,548	)
Net assets (100%)		14,247			11,712
Group’s share of net assets (50%)		7,124			5,856
Shareholder’s loans		6,308			7,668
Alignment of accounting policies		1,153			1,006
Carrying amount of interest in joint venture		14,585			14,530
Revenue		11,459			11,438
Other income		1,866			1,458
Expenses		(10,791	)		(10,857	)
Profit and total comprehensive income (100%)		2,534			2,039
Profit and total comprehensive income (50%)		1,267			1,019
Alignment of accounting policies		147			147
Group’s share of total comprehensive income (50%)		1,414			1,166

Ecomar [Member]

Disclosure of joint ventures [line items]

Financial Information of Joint Venture

The following table summarises the financial information of Ecomar as included in its own consolidated financial statements. The table also reconciles the summarised financial information to the carrying amount of the Group’s interest in Ecomar.

	2024 US$’000			2023 US$’000
Percentage ownership interest		50	%		50	%
Non-current assets		68,964			31,873
Current assets		4,928			—
Non-current liabilities		(77,032	)		(31,849	)
Net (liabilities)/assets (100%)		(3,140	)		24
Group’s share of net assets (50%)		(1,570	)		12
Unrecognised share of losses		1,633			—
Translation reserve		(63	)		—
Carrying amount of interest in joint venture		—			12
Revenue		—			—
Other income		32			1
Expenses		(3,321	)		(87	)
Loss and total comprehensive loss (100%)		(3,289	)		(86	)
Loss and total comprehensive loss (50%)		(1,645	)		(43	)
Unrecognised share of losses		1,633			—
Group’s share of total comprehensive loss (50%)		(12	)		(43	)