XML 119 R79.htm IDEA: XBRL DOCUMENT v3.25.1
Property, plant and equipment, Property, Plant and Equipment (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Property, plant and equipment [Abstract]    
Balance, beginning of period $ 2,777,622  
Balance, end of period 2,607,562 $ 2,777,622
Cost [Member]    
Property, plant and equipment [Abstract]    
Balance, beginning of period 3,917,717 4,025,758
Additions (Note 9) 72,238 [1] 196,244
Disposal of vessels (Note 9) (80,235) [2] (296,345)
Write off on completion of dry docking cycle (19,206) (7,940)
Balance, end of period 3,890,514 3,917,717
Accumulated Depreciation and Impairment Charges [Member]    
Property, plant and equipment [Abstract]    
Balance, beginning of period 1,140,095 1,149,195
Depreciation charge 214,308 209,727
Disposal of vessels (Note 9) (52,245) [2] (210,887)
Write off on completion of dry docking cycle (19,206) (7,940)
Balance, end of period 1,282,952 1,140,095
Vessels [Member]    
Property, plant and equipment [Abstract]    
Balance, beginning of period 2,673,938  
Balance, end of period 2,521,223 2,673,938
Vessels [Member] | Cost [Member]    
Property, plant and equipment [Abstract]    
Balance, beginning of period 3,573,265 3,698,658
Additions (Note 9) 12,514 [1] 158,435
Disposal of vessels (Note 9) (75,400) [2] (283,828)
Write off on completion of dry docking cycle 0 0
Balance, end of period 3,510,379 3,573,265
Vessels [Member] | Accumulated Depreciation and Impairment Charges [Member]    
Property, plant and equipment [Abstract]    
Balance, beginning of period 899,327 970,339
Depreciation charge 139,048 135,469
Disposal of vessels (Note 9) (49,219) [2] (206,481)
Write off on completion of dry docking cycle 0 0
Balance, end of period 989,156 899,327
Dry Docking and Scrubbers [Member]    
Property, plant and equipment [Abstract]    
Balance, beginning of period 68,159  
Balance, end of period 66,945 68,159
Dry Docking and Scrubbers [Member] | Cost [Member]    
Property, plant and equipment [Abstract]    
Balance, beginning of period 143,375 138,001
Additions (Note 9) 36,230 [1] 25,831
Disposal of vessels (Note 9) (3,555) [2] (12,517)
Write off on completion of dry docking cycle (19,206) (7,940)
Balance, end of period 156,844 143,375
Dry Docking and Scrubbers [Member] | Accumulated Depreciation and Impairment Charges [Member]    
Property, plant and equipment [Abstract]    
Balance, beginning of period 75,216 58,791
Depreciation charge 35,635 28,771
Disposal of vessels (Note 9) (1,746) [2] (4,406)
Write off on completion of dry docking cycle (19,206) (7,940)
Balance, end of period 89,899 75,216
Right-of-use assets - Vessels [Member]    
Property, plant and equipment [Abstract]    
Balance, beginning of period 34,561  
Balance, end of period 18,661 34,561
Right-of-use assets - Vessels [Member] | Cost [Member]    
Property, plant and equipment [Abstract]    
Balance, beginning of period 199,582 187,730
Additions (Note 9) 23,411 [1] 11,852
Disposal of vessels (Note 9) (1,280) [2] 0
Write off on completion of dry docking cycle 0 0
Balance, end of period 221,713 199,582
Right-of-use assets - Vessels [Member] | Accumulated Depreciation and Impairment Charges [Member]    
Property, plant and equipment [Abstract]    
Balance, beginning of period 165,021 119,826
Depreciation charge 39,311 45,195
Disposal of vessels (Note 9) (1,280) [2] 0
Write off on completion of dry docking cycle 0 0
Balance, end of period 203,052 165,021
Other [Member]    
Property, plant and equipment [Abstract]    
Balance, beginning of period 964  
Balance, end of period 733 964
Other [Member] | Cost [Member]    
Property, plant and equipment [Abstract]    
Balance, beginning of period 1,495 1,369
Additions (Note 9) 83 [1] 126
Disposal of vessels (Note 9) 0 [2] 0
Write off on completion of dry docking cycle 0 0
Balance, end of period 1,578 1,495
Other [Member] | Accumulated Depreciation and Impairment Charges [Member]    
Property, plant and equipment [Abstract]    
Balance, beginning of period 531 239
Depreciation charge 314 292
Disposal of vessels (Note 9) 0 [2] 0
Write off on completion of dry docking cycle 0  
Balance, end of period $ 845 $ 531
[1] The Group acquired two IMO II Handy, one IMO II MR and one LR1 vessel from external parties. The newly acquired IMO II Handy vessels were financed under the US$303 million revolving credit facility, for which there were no drawdowns in the financial year ended 31 December 2023. The remaining vessels are unencumbered.
[2] The Group disposed of six LR1 vessels.