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Expenses by nature (Tables) | 12 Months Ended
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Dec. 31, 2025
Expenses by nature |
Schedule of expenses by nature | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ | 2023
​ | ​ | US$’000 | ​ | US$’000 | ​ | US$’000
Fuel oil |  | 170,044 |  | 181,348 |  | 204,863
Port charges |  | 97,061 |  | 97,335 |  | 132,047
Pool distribution expenses |  | 45,396 |  | 75,739 |  | 130,308
Other voyage expenses |  | 35,737 |  | 29,376 |  | 42,122
Voyage expenses |  | 348,238 |  | 383,798 |  | 509,340
Cost of cargo and delivery expenses – Product Services |  | 2,460,924 |  | 2,390,929 |  | 1,547,059
Manning costs |  | 66,388 |  | 45,350 |  | 42,883
Maintenance and repair expenses |  | 43,532 |  | 28,205 |  | 26,438
Insurance expenses |  | 6,300 |  | 4,299 |  | 4,694
Other vessel operating expenses |  | 10,079 |  | 7,130 |  | 8,177
Vessel operating expenses |  | 126,299 |  | 84,984 |  | 82,192
Employee compensation (note 5) |  | 42,880 |  | 43,902 |  | 27,541
Directors’ fees |  | 555 |  | 585 |  | 376
Other general and administrative expenses |  | 33,061 |  | 26,647 |  | 28,856
General and administrative expenses |  | 76,496 |  | 71,134 |  | 56,773
Time charter-in expenses (short-term) |  | — |  | — |  | 7,942
Time charter-in expenses (variable payments) |  | 667 |  | 1,041 |  | 22,770
Charter hire expenses |  | 667 |  | 1,041 |  | 30,712
Time charter contracts (non-lease components) |  | 15,219 |  | 19,675 |  | 20,350
​

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