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Derivative financial instruments | 12 Months Ended
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Dec. 31, 2025
Derivative financial instruments |
Derivative financial instruments | 14.Derivative financial instruments ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2025 | ​ | 2024
​ | ​ | Assets | ​ | Liabilities | ​ | Assets | ​ | Liabilities
​ | ​ ​ ​ | US$’000 | ​ ​ ​ | US$’000 | ​ ​ ​ | US$’000 | ​ ​ ​ | US$’000
Interest rate swaps | ​ ​ ​ | 3,055 | ​ ​ ​ | (306) | ​ ​ ​ | 7,469 | ​ ​ ​ | (179)
Forward freight agreements and related bunker swaps |  | 1,238 |  | (1,496) |  | 3,993 |  | —
Commodity contracts and derivatives |  | 24,696 |  | (23,007) |  | 70,565 |  | (25,835)
Forward foreign exchange contracts and foreign exchange |  | 22 |  | — |  | 13 |  | (82)
​ |  | 29,011 |  | (24,809) |  | 82,040 |  | (26,096)
Non-current |  | 3,055 |  | (411) |  | 7,469 |  | (569)
Current |  | 25,956 |  | (24,398) |  | 74,571 |  | (25,527)
​ |  | 29,011 |  | (24,809) |  | 82,040 |  | (26,096)
​ As at 31 December 2025, the Group has interest rate swaps with total notional principal amounting to US$199.6 million (2024: US$179.1 million). The Group’s interest rate swaps mature between 2027 to 2029. Interest rate swaps are transacted to hedge the interest rate risk on bank borrowings. After taking into account the effects of these contracts, for part of the bank borrowings, the Group would effectively pay fixed interest rates ranging from 2.0% per annum to 3.7% per annum and would receive a variable rate equal to US$ Secured Overnight Financing Rate (SOFR). Hedge accounting was adopted for these contracts. Forward freight agreements and related bunker swaps are transacted to hedge freight rates and bunker price risks. Hedge accounting was adopted for these contracts. Commodity contract derivatives comprise physical commodity contracts measured at fair value through profit or loss, and exchange-traded commodity futures. The Group did not adopt hedge accounting for these contracts. Forward foreign exchange contracts and foreign exchange were transacted to hedge foreign exchange risks. The Group did not adopt hedge accounting for these contracts. ​

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- Definition The disclosure of derivative financial instruments. [Refer: Derivatives [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_10_e&doctype=Standard -URIDate 2025-03-27 + Details
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- References No definition available. + Details
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