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Commitments

12 Months Ended

Dec. 31, 2025

Commitments

Commitments

21.Commitments

(a)Commitments — as a lessor

The Group time charters vessels to non-related parties under operating lease agreements. The leases have varying terms.

The future minimum lease payments receivable under non-cancellable operating leases contracted for at the balance sheet date but not recognised as receivables, are as follows:

​

​	​	​	​	​
​	​ ​ ​	2025	​ ​ ​	2024
​	​	US$’000	​	US$’000
Less than one year		332,955		223,847
Two to five years		250,097		151,451
More than five years	​	—	​	1,397
​		583,052		376,695

​

(b)Sub-leasing — as a lessor

Included within “Revenue from time charter voyages” and “Revenue from Product Services” were income from sub-leasing of right-of-use assets of US$31.7 million and US$6.3 million (2024: US$6.6 million and US$19.1 million) respectively.

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- References

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- Definition

The disclosure of commitments.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Note Expiry date 2027-01-01
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-Number 1
-IssueDate 2025-01-01
-Paragraph 10
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-URIDate 2025-03-27

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