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Revenue and major customers (Tables)
 9 Months Ended
Sep. 30, 2025
Revenue and major customers [Abstract]  
Total Revenues
The table below details the Company’s total revenues:
$ in thousands
    
Q3 2025
      
Q3 2024
    
9M 2025
    
9M 2024
  
Time charter revenues1
    
38,362
      
22,484
      
100,595
      
58,573
  
Voyage charter revenues2
    
68,789
      
118,641
      
252,671
      
378,494
  
Shipping revenues
    
107,151
      
141,125
      
353,266
      
437,067
  
Other revenues3     197       982       971       3,315  
Total revenues     107,348       142,107       354,237       440,382  
Revenues relating to IFRS 15
     77,883       124,674       275,873       394,912  
1 The majority of time charter revenues are recognized in accordance with IFRS 16 Leases, while the portion of time charter revenues related to technical management services, equaling $8,898 thousands in the third quarter of 2025, $5,051 thousands in the third quarter of 2024, $22,231 thousands in the first nine months of 2025 and $13,103 thousands in the first nine months of 2024, is recognized in accordance with IFRS 15 Revenue from Contracts with Customers.
2 Voyage charter revenues are related to revenue from spot charters and are recognized in accordance with IFRS 15.
3 Other revenues mainly relate to technical management services provided and are recognized in accordance with IFRS 15.