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v3.26.1

Segment reporting - Information about reportable segments (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Disclosure of operating segments [line items] |  |  |
Vessel revenue | $ 938,222 | $ 1,243,951 | $ 1,341,222
Vessel operating costs | (287,870) | (319,147) | (315,582)
Voyage expenses | (36,913) | (30,371) | (13,243)
Depreciation - vessels and drydock | (180,335) | (185,319) | (178,259)
Depreciation - right of use assets for vessels | 0 | 0 | (24,244)
General and administrative expenses | (123,406) | (121,048) | (106,255)
Write-off of deposits on scrubbers | 0 | 0 | (10,508)
Gain on sale of vessels | 45,486 | 176,537 | 12,019
Financial expenses | (80,131) | (109,539) | (183,231)
Financial income | 21,891 | 15,947 | 19,112
Share of income from dual fuel tanker joint venture | 4,104 | 7,664 | 5,950
Dividend income and fair value gain (loss) on financial assets measured at fair value through profit or loss | 41,123 | (11,176) | 0
Other income and (expenses), net | 2,121 | 1,275 | (83)
Net income | 344,292 | 668,774 | 546,898
Operating segments |  |  |
Disclosure of operating segments [line items] |  |  |
Vessel revenue | 938,222 | 1,243,951 | 1,341,222
Vessel operating costs | (287,870) | (319,147) | (315,582)
Voyage expenses | (36,913) | (30,371) | (13,243)
Depreciation - vessels and drydock | (180,335) | (185,319) | (178,259)
Depreciation - right of use assets for vessels |  |  | (24,244)
General and administrative expenses | (10,218) | (8,912) | (10,056)
Write-off of deposits on scrubbers |  |  | (10,508)
Gain on sale of vessels | 45,486 | 176,537 | 12,019
Financial expenses | 0 | 0 | 0
Financial income | 0 | 0 | 617
Share of income from dual fuel tanker joint venture | 0 | 0 | 0
Dividend income and fair value gain (loss) on financial assets measured at fair value through profit or loss | 0 | 0 |
Other income and (expenses), net | 2,731 | 1,635 | 0
Net income | 471,103 | 878,374 | 801,966
Operating segments | Handymax |  |  |
Disclosure of operating segments [line items] |  |  |
Vessel revenue | 115,632 | 120,542 | 154,586
Vessel operating costs | (37,685) | (39,174) | (37,940)
Voyage expenses | (8,564) | (3,998) | (3,712)
Depreciation - vessels and drydock | (21,988) | (20,423) | (20,654)
Depreciation - right of use assets for vessels |  |  | 0
General and administrative expenses | (1,693) | (1,211) | (1,432)
Write-off of deposits on scrubbers |  |  | 0
Gain on sale of vessels | 0 | 0 | 0
Financial expenses | 0 | 0 | 0
Financial income | 0 | 0 | 0
Share of income from dual fuel tanker joint venture | 0 | 0 | 0
Dividend income and fair value gain (loss) on financial assets measured at fair value through profit or loss | 0 | 0 |
Other income and (expenses), net | 151 | 0 | 0
Net income | 45,853 | 55,736 | 90,848
Operating segments | LR2 |  |  |
Disclosure of operating segments [line items] |  |  |
Vessel revenue | 444,313 | 571,422 | 530,736
Vessel operating costs | (121,034) | (127,540) | (114,595)
Voyage expenses | (20,236) | (15,504) | (5,536)
Depreciation - vessels and drydock | (79,939) | (80,191) | (76,383)
Depreciation - right of use assets for vessels |  |  | (4,910)
General and administrative expenses | (3,748) | (3,260) | (3,876)
Write-off of deposits on scrubbers |  |  | 0
Gain on sale of vessels | 14,963 | 26,326 | 0
Financial expenses | 0 | 0 | 0
Financial income | 0 | 0 | 0
Share of income from dual fuel tanker joint venture | 0 | 0 | 0
Dividend income and fair value gain (loss) on financial assets measured at fair value through profit or loss | 0 | 0 |
Other income and (expenses), net | 1,278 | 1,469 | 0
Net income | 235,597 | 372,722 | 325,436
Operating segments | MR |  |  |
Disclosure of operating segments [line items] |  |  |
Vessel revenue | 378,277 | 551,987 | 655,900
Vessel operating costs | (129,151) | (152,433) | (163,047)
Voyage expenses | (8,113) | (10,869) | (3,995)
Depreciation - vessels and drydock | (78,408) | (84,705) | (81,222)
Depreciation - right of use assets for vessels |  |  | (19,334)
General and administrative expenses | (4,777) | (4,441) | (4,748)
Write-off of deposits on scrubbers |  |  | (10,508)
Gain on sale of vessels | 30,523 | 150,211 | 12,019
Financial expenses | 0 | 0 | 0
Financial income | 0 | 0 | 617
Share of income from dual fuel tanker joint venture | 0 | 0 | 0
Dividend income and fair value gain (loss) on financial assets measured at fair value through profit or loss | 0 | 0 |
Other income and (expenses), net | 1,302 | 166 | 0
Net income | 189,653 | 449,916 | 385,682
Material reconciling items |  |  |
Disclosure of operating segments [line items] |  |  |
Vessel revenue | 0 | 0 | 0
Vessel operating costs | 0 | 0 | 0
Voyage expenses | 0 | 0 | 0
Depreciation - vessels and drydock | 0 | 0 | 0
Depreciation - right of use assets for vessels |  |  | 0
General and administrative expenses | (113,188) | (112,136) | (96,199)
Write-off of deposits on scrubbers |  |  | 0
Gain on sale of vessels | 0 | 0 | 0
Financial expenses | (80,131) | (109,539) | (183,231)
Financial income | 21,891 | 15,947 | 18,495
Share of income from dual fuel tanker joint venture | 4,104 | 7,664 | 5,950
Dividend income and fair value gain (loss) on financial assets measured at fair value through profit or loss | 41,123 | (11,176) |
Other income and (expenses), net | (610) | (360) | (83)
Net income | $ (126,811) | $ (209,600) | $ (255,068)

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