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Trade and other payables
12 Months Ended
Dec. 31, 2025
Trade and other payables  
Trade and other payables

19.Trade and other payables

  ​ ​ ​

2025

  ​ ​ ​

2024

US$’000

US$’000

Trade payables

 

93,922

 

97,743

Other payables

 

72

 

332

Other payables – related parties 1

 

60

 

704

Charter hire received in advance

 

5,565

 

1,337

Other accrued operating expenses

 

108,150

 

68,948

 

207,769

 

169,064

1Related parties refer to corporations controlled by a shareholder of the Company.

The carrying amounts of trade and other payables, principally denominated in US$, approximate their fair values due to the short-term nature of these balances.

Other payables due to related parties are unsecured, interest-free and are payable on demand.

Other accrued operating expenses mainly comprise cost of cargo and delivery expenses that are incurred but are unbilled at the balance sheet date.