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Inventories
12 Months Ended
Dec. 31, 2025
Inventories  
Inventories

11.Inventories

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2025

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2024

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US$’000

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US$’000

Fuel oil and LPG, at cost

27,553

33,645

LPG, held for trading

96,332

43,061

123,885

76,706

The cost of fuel oil recognised as an expense and included in voyage expenses amounted to US$170.0 million (2024: US$181.3 million; 2023: US$204.9 million).

The cost of LPG recognised as an expense and included in “cost of cargo and delivery expenses —  Product Services” amounted to US$2,460.9 million (2024: US$2,390.9 million; 2023: US$1,547.1 million).