Financial risk management, objectives and policies (Tables)

12 Months Ended

Dec. 31, 2021

Financial risk management, objectives and policies [Abstract]

The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting dates was:

(Dollars in thousands)	2021		2020
Cash and cash equivalents	$	60,658	$	68,641
Accounts receivable and accrued revenues		30,361		30,060
Maximum credit exposure	$	91,018	$	98,700

Contractual Maturities of Financial Liabilities

The following are contractual maturities of financial liabilities, including estimated interest payments on an undiscounted basis. Swap payments are the net effect from paying fixed rate/ receive LIBOR. The LIBOR interest spot rate at December 31, 2021 (and spot rate at December 31, 2020 for comparatives) is used as a basis for preparation.

As of December 31, 2021
			2 to 5		More than
(Dollars in thousands)	1 year		years		5 years		Total
Interest bearing loans	$	24,112	$	430,136	$	120,724	$	574,973
Interest rate swaps		8,929		4,961		-		13,890
Total	$	33,041	$	435,097	$	120,724	$	588,863

As of December 31, 2020
			2 to 5		More than
(Dollars in thousands)	1 year		years		5 years		Total
Interest bearing loans	$	19,110	$	475,441	$	-	$	494,552
Interest rate swaps		8,541		12,415		-		20,956
Total	$	27,651	$	487,857	$	-	$	515,507