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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024December 31, 2023
Less than one year31,701 4,547 
Between one and five years141,251 19,130 
More than five years531,385 52,828 
Total future lease payables704,337 76,505 
The future lease payments for these leaseback agreements are as follows:
(in thousands of USD)December 31, 2024December 31, 2023
Less than 1 year— 30,495 
Between 1 and 5 years— — 
Total future lease payments— 30,495 
Schedule of right-of-use assets
Right-of-use assets
(in thousands of USD)BareboatsTime chartersOffice rentalCompany carsTotal
Balance at January 1, 2023
8,421 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, 2023
30,295 — 2,499 141 32,936 

(in thousands of USD)BareboatsTime chartersOffice rentalCompany carsTotal
Balance at January 1, 202430,295 — 2,499 141 32,936 
Additions to right-of-use assets— — 332 — 332 
Depreciation charge for the year(295)— (1,013)(105)(1,413)
Derecognition of right-of-use assets(30,000)— (162)— (30,162)
Acquisitions through business combination
— — 1,431 — 1,431 
Disposals through sale of subsidiary— — (1,184)— (1,184)
Translation differences— — (28)(2)(30)
Balance at December 31, 2024— — 1,876 34 1,910 
Operating lease expenses recognized in profit and loss
Amounts recognized in profit or loss
(in thousands of USD)202420232022
Interest on lease liabilities(275)(631)(1,237)
Depreciation right-of-use assets(1,413)(18,040)(21,059)
Amounts recognized in the statement of cash flows
Amounts recognized in statement of cash flows
(in thousands of USD)202420232022
Total cash outflow for leases(33,879)(21,942)(25,527)
Total cash inflow for leases1,591 1,706 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, 2024December 31, 2023
Less than one year288,933 162,100 
Between one and five years1,147,997 300,183 
More than five years906,010 241,383 
Total future lease receivables2,342,939 703,666 
Separation of lease and non-lease components of contract
(in thousands of USD)20242023
Lease component of revenue from time charter-out
1,625,467 457,750 
Non-lease component of revenue from time charter-out
717,472 245,916 
Total future lease receivables
2,342,939 703,666 
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, 2024December 31, 2023
Less than 1 year1,285 1,689 
One to two years— 1,285 
Two to three years— — 
Total undiscounted lease receivables1,285 2,974