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Share based compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of significant inputs used in the estimation of the fair value

2024

2023

Closing share price of our common stock

$16.25

$18.53

Risk-free rate of return

4.27%

4.56%

Expected volatility of our common stock

52.11%

67.33%

Holding period discount

0.00%

0.00%

Simulation term (in years)

3.00

3.00

Stock Appreciation Rights (SARs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of changes in the Stocks

    

    

 

 

Weighted average 

    

No. of SARs

    

exercise price

Balance as of January 1, 2024

 

176,360

$

4.28

SARs granted during the year ended December 31, 2024

SARs exercised during the year ended December 31, 2024

(176,360)

$

(4.28)

Balance as of December 31, 2024 (none of which are exercisable or convertible)

 

$

-

Time Restricted stock units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of changes in the Stocks

2024

2023

2022

    

    

Weighted average

 

    

Weighted average

    

Weighted average

Number of

fair value at grant

 

Number of

fair value at grant

Number of

fair value at grant

TRSUs

date

 

TRSUs

date

TRSUs

date

Balance as of January 1

 

677,739

 

$

7.70

908,209

$

5.31

546,935

$

4.44

TRSUs granted during the year

134,175

$

16.99

172,034

$

14.70

760,810

$

5.50

TRSUs vested during the year

(528,157)

$

(7.19)

(402,504)

$

(5.30)

(399,536)

$

(4.47)

Balance as of December 31, 2024
(none of which are vested)

 

283,757

$

13.04

677,739

$

7.70

908,209

$

5.31

Schedule of cost related to non-vested awards expected to be recognized

In thousands of U.S. Dollars

Period

    

TOTAL

2025

1,272

2026

457

2027

67

1,796

PRSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of changes in the Stocks

For the years ended December 31

2024

2023

Number of PRSUs

Number of PRSUs

Outstanding as of January 1

38,713

-

Granted

47,894

38,713

Vested

-

-

Balance as of December 31, 2024

86,607

38,713

Schedule of cost related to non-vested awards expected to be recognized

In thousands of U.S. Dollars

Period

    

TOTAL

2025

412

2026

254

2027

37

703