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Revenue and other operating income (Tables)

12 Months Ended

Dec. 31, 2023

Analysis of income and expense [abstract]

Schedule of revenue sources



(in thousands of USD)						2023															2022
						Tankers			FSO			Less: Equity-accounted investees			Total						Tankers			FSO			Less: Equity-accounted investees			Total

Pool Revenue						639,778			—			—			639,778						359,926			—			(6)			359,920
Spot Voyages						434,436			—			—			434,436						377,900			—			(540)			377,360
Revenue from contracts with customers						1,074,214			—			—			1,074,214						737,826			—			(546)			737,280

Time Charters						98,511			63,236			(834)			160,913						72,296			66,297			(21,204)			117,389
Lease income						98,511			63,236			(834)			160,913						72,296			66,297			(21,204)			117,389

Total revenue						1,172,725			63,236			(834)			1,235,127						810,122			66,297			(21,750)			854,669

Other operating income						—			—			—			23,316						—			—			—			15,141


(in thousands of USD)						2021
						Tankers			FSO			Less: Equity-accounted investees			Total

Pool Revenue						136,160			—			11			136,171
Spot Voyages						215,158			—			(2,890)			212,268
Revenue from contracts with customers						351,318			—			(2,879)			348,439

Time Charters						71,331			50,132			(50,132)			71,331
Lease income						71,331			50,132			(50,132)			71,331

Total revenue						422,649			50,132			(53,011)			419,770

Other operating income						—			—			—			10,255

Schedule of lease and non-lease components of revenue


(in thousands of USD)						2023						2022						2021
Lease component of revenue from time charter-out						122,818						91,299						56,273
Non-lease component of revenue from time charter-out						38,095						26,090						15,058
Total lease income						160,913						117,389						71,331