XML 31 R10.htm IDEA: XBRL DOCUMENT

Expenses by nature

12 Months Ended

Dec. 31, 2025

Expenses by nature

Expenses by nature

4.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