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CONSOLIDATED STATEMENT OF CASHFLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Profit before tax $ 303,910 $ 424,963 $ 503,964
- amortisation of intangible assets 368 843 762
- depreciation 255,561 201,338 217,121
- gain on disposal of vessels (56,708) (20,391) (42,374)
- loss on derecognition of right-of-use assets 289   961
- interest income (9,302) (15,617) (10,121)
- interest expense 53,046 19,849 27,304
- other finance expense 4,479 3,939 1,747
- share-based payments 1,753 2,016 1,696
- finance lease income (895) (635) (278)
- fair value loss/(gain) from equity financial asset 1,172 (1,326)  
Cash flows from before changes in working capital 553,673 614,979 700,782
- inventories (47,179) 111,886 (52,660)
- trade and other receivables (24,535) 112,689 (112,648)
- trade and other payables 41,201 (91,123) 52,701
- derivative financial instruments 42,933 (57,375) (3,061)
- margin account held with broker 31,486 77,727 (66,384)
Total changes in working capital 43,906 153,804 (182,052)
Tax paid (30,176) (19,639) (5,367)
Net cash from operating activities 567,403 749,144 513,363
Cash flows from investing activities      
Additions in property, plant and equipment (182,295) (602,012) (116,045)
Additions in intangible assets (88) (237) (634)
Purchase of equity financial asset   (30,162)  
Proceeds from sale of vessels 125,234 64,687 167,588
Investment in joint venture     (301)
Repayment of finance lease receivables 7,525 7,915 7,842
Interest received 10,197 16,252 10,118
Sale of equity financial asset   2,343  
Net cash (used in)/from investing activities (39,427) (541,214) 68,568
Cash flows from financing activities      
Proceeds from bank borrowings 1,027,443 610,883 72,070
Payment of financing fees (4,408) (4,430)  
Repayments of bank borrowings (1,081,010) (197,437) (171,659)
Payment of lease liabilities (101,830) (102,764) (93,513)
Interest paid (51,750) (17,818) (24,864)
Other finance expense paid (4,479) (3,939) (1,652)
Purchase of treasury shares (2,739) (100) (23,698)
Sale of treasury shares   1,091  
Drawdown of trust receipts 1,776,251 2,107,821 1,021,010
Repayment of trust receipts (1,810,225) (2,118,318) (989,884)
Dividend payment (199,855) (388,461) (405,493)
Dividend payment to non-controlling interests (41,120) (21,657) (27,607)
Contributions from non-controlling interests 1,176 1,562  
Capital returns to non-controlling interests (41,616) (4,500)  
Net cash used in financing activities (534,162) (138,067) (645,290)
Net (decrease)/increase in cash and cash equivalents (6,186) 69,863 (63,359)
Cash and cash equivalents at beginning of the financial year 231,900 162,037 225,396
Cash and cash equivalents at end of the financial year $ 225,714 $ 231,900 $ 162,037