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Condensed consolidated balance sheet - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Condensed consolidated balance sheet [Abstract]    
Vessels $ 2,459,641 $ 2,521,223
Dry docking and scrubbers 109,064 66,945
Right-of-use assets - Vessels 23,574 18,661
Other property, plant and equipment 655 733
Total property, plant and equipment 2,592,934 2,607,562
Intangible assets 298 510
Total intangible assets 298 510
Other investments 23,069 23,069
Derivative financial instruments 4,320 12,024
Restricted cash [1] 10,000 13,542
Loans receivable from joint ventures 61,318 64,133
Joint ventures 87,562 81,371
Total other non-current assets 186,269 194,139
Total non-current assets 2,779,501 2,802,211
Intangible assets 17,902 5,919
Total intangible assets 17,902 5,919
Inventories 82,307 94,155
Loan receivables from joint venture 1,172 0
Trade and other receivables, and prepayments 465,956 503,836
Derivative financial instruments 9,775 12,601
Cash at bank and on hand 194,022 195,271
Cash retained in the commercial pools [2] 119,289 88,297
Total other current assets 872,521 894,160
Total current assets 890,423 900,079
Total assets 3,669,924 3,702,290
Share capital 1,093,055 1,093,055
Other reserves 507,317 517,713
Treasury shares (78,449) (53,439)
Retained earnings 778,524 705,177
Total shareholders' equity 2,300,447 2,262,506
Borrowings 631,058 785,954
Total non-current liabilities 631,058 785,954
Borrowings 395,629 336,295
Derivative financial instruments 177 1,939
Current income tax liabilities 4,559 2,757
Trade and other payables 338,054 312,839
Total current liabilities 738,419 653,830
Total liabilities 1,369,477 1,439,784
Total shareholders' equity and liabilities $ 3,669,924 $ 3,702,290
[1] Restricted cash includes cash placed in debt service reserve and FFA collateral accounts.
[2] The cash retained in the commercial pools represents cash in the pool bank accounts that are opened in the name of the Group’s pool management companies and can only be used for the operation of vessels within the commercial pools.