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Segment reporting (Tables) | 12 Months Ended
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Dec. 31, 2025
Operating Segments [Abstract] |
Disclosure of operating segments | Information about our reportable segments for the years ended December 31, 2025, 2024, and 2023 is as follows: For the year ended December 31, 2025
In thousands of U.S. dollars |  | Handymax |  | LR2 |  | MR |  | Reportable segments subtotal |  | Corporate and eliminations |  | Total
Vessel revenue |  | $ | 115,632 |  |  | $ | 444,313 |  |  | $ | 378,277 |  |  | $ | 938,222 |  |  | $ | — |  |  | $ | 938,222 |
Vessel operating costs |  | (37,685) |  |  | (121,034) |  |  | (129,151) |  |  | (287,870) |  |  | — |  |  | (287,870) |
Voyage expenses |  | (8,564) |  |  | (20,236) |  |  | (8,113) |  |  | (36,913) |  |  | — |  |  | (36,913) |
Depreciation - vessels and drydock |  | (21,988) |  |  | (79,939) |  |  | (78,408) |  |  | (180,335) |  |  | — |  |  | (180,335) |
General and administrative expenses |  | (1,693) |  |  | (3,748) |  |  | (4,777) |  |  | (10,218) |  |  | (113,188) |  |  | (123,406) |
Gain on sale of vessels |  | — |  |  | 14,963 |  |  | 30,523 |  |  | 45,486 |  |  | — |  |  | 45,486 |
Financial expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | (80,131) |  |  | (80,131) |
Financial income |  | — |  |  | — |  |  | — |  |  | — |  |  | 21,891 |  |  | 21,891 |
Income from joint venture |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,104 |  |  | 4,104 |
Dividend income and fair value gain on financial assets measured at fair value through profit or loss |  | — |  |  | — |  |  | — |  |  | — |  |  | 41,123 |  |  | 41,123 |
Other income and (expenses), net |  | 151 |  |  | 1,278 |  |  | 1,302 |  |  | 2,731 |  |  | (610) |  |  | 2,121 |
Segment income or loss |  | $ | 45,853 |  |  | $ | 235,597 |  |  | $ | 189,653 |  |  | $ | 471,103 |  |  | $ | (126,811) |  |  | $ | 344,292 |
For the year ended December 31, 2024
In thousands of U.S. dollars |  | Handymax |  | LR2 |  | MR |  | Reportable segments subtotal |  | Corporate and eliminations |  | Total
Vessel revenue |  | $ | 120,542 |  |  | $ | 571,422 |  |  | $ | 551,987 |  |  | $ | 1,243,951 |  |  | $ | — |  |  | $ | 1,243,951 |
Vessel operating costs |  | (39,174) |  |  | (127,540) |  |  | (152,433) |  |  | (319,147) |  |  | — |  |  | (319,147) |
Voyage expenses |  | (3,998) |  |  | (15,504) |  |  | (10,869) |  |  | (30,371) |  |  | — |  |  | (30,371) |
Depreciation - vessels and drydock |  | (20,423) |  |  | (80,191) |  |  | (84,705) |  |  | (185,319) |  |  | — |  |  | (185,319) |
General and administrative expenses |  | (1,211) |  |  | (3,260) |  |  | (4,441) |  |  | (8,912) |  |  | (112,136) |  |  | (121,048) |
Gain on sale of vessels |  | — |  |  | 26,326 |  |  | 150,211 |  |  | 176,537 |  |  | — |  |  | 176,537 |
Financial expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | (109,539) |  |  | (109,539) |
Financial income |  | — |  |  | — |  |  | — |  |  | — |  |  | 15,947 |  |  | 15,947 |
Income from joint venture |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,664 |  |  | 7,664 |
Dividend income and fair value loss on financial assets measured at fair value through profit or loss |  | — |  |  | — |  |  | — |  |  | — |  |  | (11,176) |  |  | (11,176) |
Other income and (expenses), net |  | — |  |  | 1,469 |  |  | 166 |  |  | 1,635 |  |  | (360) |  |  | 1,275 |
Segment income or loss |  | $ | 55,736 |  |  | $ | 372,722 |  |  | $ | 449,916 |  |  | $ | 878,374 |  |  | $ | (209,600) |  |  | $ | 668,774 |
For the year ended December 31, 2023
In thousands of U.S. dollars |  | Handymax |  | LR2 |  | MR |  | Reportable segments subtotal |  | Corporate and eliminations |  | Total
Vessel revenue |  | $ | 154,586 |  |  | $ | 530,736 |  |  | $ | 655,900 |  |  | $ | 1,341,222 |  |  | $ | — |  |  | $ | 1,341,222 |
Vessel operating costs |  | (37,940) |  |  | (114,595) |  |  | (163,047) |  |  | (315,582) |  |  | — |  |  | (315,582) |
Voyage expenses |  | (3,712) |  |  | (5,536) |  |  | (3,995) |  |  | (13,243) |  |  | — |  |  | (13,243) |
Depreciation - vessels and drydock |  | (20,654) |  |  | (76,383) |  |  | (81,222) |  |  | (178,259) |  |  | — |  |  | (178,259) |
Depreciation - right of use assets for vessels |  | — |  |  | (4,910) |  |  | (19,334) |  |  | (24,244) |  |  | — |  |  | (24,244) |
General and administrative expenses |  | (1,432) |  |  | (3,876) |  |  | (4,748) |  |  | (10,056) |  |  | (96,199) |  |  | (106,255) |
Write-off of deposits on scrubbers |  | — |  |  | — |  |  | (10,508) |  |  | (10,508) |  |  | — |  |  | (10,508) |
Gain on sale of vessels |  | — |  |  | — |  |  | 12,019 |  |  | 12,019 |  |  | — |  |  | 12,019 |
Financial expenses |  | — |  |  | — |  |  | — |  |  | — |  |  | (183,231) |  |  | (183,231) |
Financial income |  | — |  |  | — |  |  | 617 |  |  | 617 |  |  | 18,495 |  |  | 19,112 |
Income from joint venture |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,950 |  |  | 5,950 |
Other expenses, net |  | — |  |  | — |  |  | — |  |  | — |  |  | (83) |  |  | (83) |
Segment income or loss |  | $ | 90,848 |  |  | $ | 325,436 |  |  | $ | 385,682 |  |  | $ | 801,966 |  |  | $ | (255,068) |  |  | $ | 546,898 |
Disclosure of revenue from major customers | Revenue from customers representing greater than 10% of total revenue during the years ended December 31, 2025, 2024, and 2023, within their respective segments was as follows:
In thousands of U.S. dollars |  |  |  | For the year ended December 31,
Segment |  | Customer |  | 2025 |  | 2024 |  | 2023
MR |  | Scorpio MR Pool Limited (1) |  | $ | 323,088 |  |  | $ | 497,003 |  |  | $ | 605,442 |
LR2 |  | Scorpio LR2 Pool Limited (1) |  | 302,048 |  |  | 416,014 |  |  | 405,244 |
Handymax |  | Scorpio Handymax Tanker Pool Limited (1) |  | 108,999 |  |  | 118,432 |  |  | 135,481 |
|  |  |  | $ | 734,135 |  |  | $ | 1,031,449 |  |  | $ | 1,146,167 |
(1)These customers are related parties as described in Note 17.

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