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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure Of Leases [Abstract]  
Schedule of future lease payments for leaseback agreement
The future lease payments for these leaseback agreements are as follows:
(in thousands of USD)December 31, 2023December 31, 2022
Less than one year4,547 22,667 
Between one and five years19,130 11,212 
More than five years52,828 — 
Total future lease payables76,505 33,878 
The future lease payments for these leaseback agreements are as follows:
(in thousands of USD)December 31, 2023December 31, 2022
Less than 1 year30,495 25,955 
Between 1 and 5 years— 1,170 
Total future lease payments30,495 27,125 
Schedule of right-of-use assets
Right-of-use assets
(in thousands of USD)BareboatsTime chartersOffice rentalCompany carsTotal
Balance at January 1, 202215,792 10,358 2,306 545 29,001 
Additions to right-of-use assets— 13,597 408 55 14,060 
Depreciation charge for the year(7,371)(12,874)(1,022)(242)(21,509)
Translation differences— — (52)(7)(59)
Balance at December 31, 20228,421 11,081 1,640 351 21,493 

(in thousands of USD)BareboatsTime chartersOffice rentalCompany carsTotal
Balance at January 1, 20238,421 11,081 1,640 351 21,493 
Additions to right-of-use assets— — 2,312 — 2,312 
Depreciation charge for the year(7,371)(9,438)(1,018)(212)(18,040)
Derecognition of right-of-use assets— — (445)— (445)
Remeasurement
29,245 (1,642)— — 27,603 
Translation differences— — 11 2 13 
Balance at December 31, 202330,295 — 2,499 141 32,936 
Operating lease expenses recognized in profit and loss
Amounts recognized in profit or loss
(in thousands of USD)20232022
Interest on lease liabilities(631)(1,237)
Depreciation right-of-use assets(18,040)(21,509)
Low-value leases(451)(173)
Amounts recognized in the statement of cash flows
Amounts recognized in statement of cash flows
(in thousands of USD)20232022
Total cash outflow for leases(21,942)(25,527)
Total cash inflow for leases1,706 2,036 
Disclosure of maturity analysis of operating lease payments
The future undiscounted lease payments to be received for these lease agreements are as follows:
(in thousands of USD)December 31, 2023December 31, 2022
Less than one year162,100 121,978 
Between one and five years300,183 326,228 
More than five years241,383 306,505 
Total future lease receivables703,666 754,710 
Separation of lease and non-lease components of contract
(in thousands of USD)20232022
Lease component of revenue from time charter-out
457,750 487,686 
Non-lease component of revenue from time charter-out
245,916 267,024 
Total future lease receivables
703,666 754,710 
Future minimum lease receivables for operating leases
The following table sets out a maturity analysis of the lease receivables related to the subleased office space, showing the undiscounted sublease payments to be received after the reporting date.
(in thousands of USD)December 31, 2023December 31, 2022
Less than 1 year1,689 1,869 
One to two years1,285 1,689 
Two to three years— 1,285 
Total undiscounted lease receivables2,974 4,843