XML 522 R41.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Expenses for shipping activities and other expenses from operating activities (Tables)
 12 Months Ended
Dec. 31, 2023
Analysis of income and expense [abstract]  
Schedule of voyage expenses and commissions
Voyage expenses and commissions
(in thousands of USD)202320222021
Commissions paid(15,202)(14,778)(8,014)
Bunkers(101,795)(131,089)(84,614)
Other voyage related expenses(25,093)(29,320)(26,180)
Total voyage expenses and commissions(142,090)(175,187)(118,808)
Schedule of vessel operating expenses
Vessel operating expenses
(in thousands of USD)202320222021
Operating expenses(210,527)(199,286)(204,702)
Insurance(20,506)(16,808)(16,004)
Total vessel operating expenses(231,033)(216,094)(220,706)
Schedule of charter hire expenses
Charter hire expenses
(in thousands of USD)202320222021
Charter hire (4,500)(3,912)(8,473)
Bareboat hire— (1,857)(1,277)
Total charter hire expenses(4,500)(5,769)(9,750)
Schedule of general and administrative expenses
General and administrative expenses
(in thousands of USD)202320222021
Wages and salaries(10,342)(8,272)(7,566)
Social security costs(1,204)(1,242)(1,295)
Provision for employee benefits (Note 18)140 205 687 
Cash-settled share-based payments (Note 24)— 2,973 (548)
Equity-settled share-based payments (Note 24)(3,945)(2,411)(761)
Other employee benefits(1,047)(919)(1,000)
Employee benefits(16,398)(9,666)(10,482)
Administrative expenses(42,766)(37,955)(18,355)
Tonnage Tax(3,586)(4,343)(3,346)
Claims(76)— (452)
Provisions294 262 227 
Total general and administrative expenses(62,532)(51,702)(32,408)
 
Average number of full time equivalents (shore staff including shipmanagement)
198.47 192.81 189.05