v3.25.2
Segment Reporting - Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Dec. 31, 2023
Intangible assets        
Goodwill $ 1.8 $ 1.7 $ 1.8  
Other intangible assets 2.3 2.0 2.2  
Total intangible assets 4.1 3.7 4.0  
Tangible fixed assets        
Land and buildings 8.3 8.1 4.1  
Vessels and capitalized dry-docking 2,691.7 2,826.7 2,528.7  
Other non-current assets under construction 2.2 4.6 3.9  
Other plant and operating equipment 2.6 3.3 3.5  
Total tangible fixed assets 2,704.8 2,842.7 2,540.2  
Financial assets        
Investments in joint ventures 0.1 0.1 0.1  
Loan receivables 4.5 4.5 4.5  
Deferred tax asset 0.3 3.1 0.3  
Other investments 0.1 0.2 0.5  
Total financial assets 5.0 7.9 5.4  
Total non-current assets 2,713.9 2,854.3 2,549.6  
Inventories 69.5 68.4 69.4  
Trade receivables 170.9 183.9 244.1  
Other receivables 30.9 59.6 45.4  
Prepayments 10.6 12.2 12.2  
Cash and cash equivalents incl. restricted cash 369.8 291.2 532.4  
Current assets excl. assets held for sale 651.7 615.3 903.5  
Assets held for sale 31.1 0.0 12.4  
Total current assets 682.8 615.3 915.9  
TOTAL ASSETS 3,396.7 3,469.6 3,465.5  
EQUITY AND LIABILITIES        
Total equity 2,107.3 2,074.8 2,043.7 $ 1,666.1
Liabilities        
Non-current tax liability related to held-over gains 45.2 45.2 45.2  
Deferred tax liability 0.3 0.3 2.4  
Borrowings 969.8 1,061.0 1,083.0  
Other non-current liabilities 8.0 2.9 3.5  
Total non-current liabilities 1,023.3 1,109.4 1,134.1  
Borrowings 156.2 165.3 175.0  
Trade payables 45.2 50.0 47.4  
Current tax liabilities 1.3 0.7 1.5  
Other liabilities 57.1 61.3 57.1  
Provisions 0.7 0.6 0.6  
Prepayments from customers 5.6 7.5 6.1  
Total current liabilities 266.1 285.4 287.7  
Total liabilities 1,289.4 1,394.8 1,421.8  
TOTAL EQUITY AND LIABILITIES 3,396.7 3,469.6 3,465.5  
Operating segments        
Intangible assets        
Goodwill 1.8 1.7 1.8  
Other intangible assets 2.3 2.0 2.2  
Total intangible assets 4.1 3.7 4.0  
Tangible fixed assets        
Land and buildings 8.3 8.1 4.1  
Vessels and capitalized dry-docking 2,691.7 2,826.7 2,528.7  
Other non-current assets under construction 2.2 4.6 3.9  
Other plant and operating equipment 2.6 3.3 3.5  
Total tangible fixed assets 2,704.8 2,842.7 2,540.2  
Financial assets        
Investments in joint ventures 0.1 0.1 0.1  
Loan receivables 4.5 4.5 4.5  
Deferred tax asset 0.3 3.1 0.3  
Other investments 0.1 0.2 0.5  
Total financial assets 5.0 7.9 5.4  
Total non-current assets 2,713.9 2,854.3 2,549.6  
Inventories 69.5 68.4 69.4  
Trade receivables 170.9 183.9 244.1  
Other receivables 30.9 59.6 45.4  
Prepayments 10.6 12.2 12.2  
Cash and cash equivalents incl. restricted cash 369.8 291.2 532.4  
Current assets excl. assets held for sale 651.7 615.3 903.5  
Assets held for sale 31.1 0.0 12.4  
Total current assets 682.8 615.3 915.9  
TOTAL ASSETS 3,396.7 3,469.6 3,465.5  
EQUITY AND LIABILITIES        
Total equity 2,107.3 2,074.8 2,043.7  
Liabilities        
Non-current tax liability related to held-over gains 45.2 45.2 45.2  
Deferred tax liability 0.3 0.3 2.4  
Borrowings 969.8 1,061.0 1,083.0  
Other non-current liabilities 8.0 2.9 3.5  
Total non-current liabilities 1,023.3 1,109.4 1,134.1  
Borrowings 156.2 165.3 175.0  
Trade payables 45.2 50.0 47.4  
Current tax liabilities 1.3 0.7 1.5  
Other liabilities 57.1 61.3 57.1  
Provisions 0.7 0.6 0.6  
Prepayments from customers 5.6 7.5 6.1  
Total current liabilities 266.1 285.4 287.7  
Total liabilities 1,289.4 1,394.8 1,421.8  
TOTAL EQUITY AND LIABILITIES 3,396.7 3,469.6 3,465.5  
Operating segments | Tanker segment        
Intangible assets        
Goodwill 0.0 0.0 0.0  
Other intangible assets 1.4 1.1 1.1  
Total intangible assets 1.4 1.1 1.1  
Tangible fixed assets        
Land and buildings 8.1 8.1 3.8  
Vessels and capitalized dry-docking 2,706.3 2,843.9 2,545.7  
Other non-current assets under construction 0.0 0.0 0.0  
Other plant and operating equipment 1.4 2.1 2.7  
Total tangible fixed assets 2,715.8 2,854.1 2,552.2  
Financial assets        
Investments in joint ventures 0.1 0.1 0.1  
Loan receivables 4.5 4.5 4.5  
Deferred tax asset 0.3 3.1 0.3  
Other investments 0.1 0.2 0.5  
Total financial assets 5.0 7.9 5.4  
Total non-current assets 2,722.2 2,863.1 2,558.7  
Inventories 66.9 62.6 64.9  
Trade receivables 166.6 179.1 240.7  
Other receivables 26.0 54.7 40.3  
Prepayments 10.3 11.6 11.8  
Cash and cash equivalents incl. restricted cash 361.5 284.9 524.2  
Current assets excl. assets held for sale 631.3 592.9 881.9  
Assets held for sale 31.4 0.0 12.4  
Total current assets 662.7 592.9 894.3  
TOTAL ASSETS 3,384.9 3,456.0 3,453.0  
EQUITY AND LIABILITIES        
Total equity 2,102.9 2,072.9 2,041.0  
Liabilities        
Non-current tax liability related to held-over gains 45.2 45.2 45.2  
Deferred tax liability 0.0 0.0 2.2  
Borrowings 969.1 1,060.8 1,081.5  
Other non-current liabilities 7.4 2.3 3.0  
Total non-current liabilities 1,021.7 1,108.3 1,131.9  
Borrowings 154.3 163.5 172.2  
Trade payables 43.4 46.2 45.2  
Current tax liabilities 1.1 0.4 1.1  
Other liabilities 56.7 60.7 56.6  
Provisions 0.0 0.0 0.0  
Prepayments from customers 4.8 4.0 5.0  
Total current liabilities 260.3 274.8 280.1  
Total liabilities 1,282.0 1,383.1 1,412.0  
TOTAL EQUITY AND LIABILITIES 3,384.9 3,456.0 3,453.0  
Operating segments | Marine Engineering segment        
Intangible assets        
Goodwill 1.8 1.7 1.8  
Other intangible assets 0.9 0.9 1.1  
Total intangible assets 2.7 2.6 2.9  
Tangible fixed assets        
Land and buildings 0.2 0.0 0.3  
Vessels and capitalized dry-docking 0.0 0.0 0.0  
Other non-current assets under construction 2.2 4.8 4.2  
Other plant and operating equipment 1.2 1.2 0.8  
Total tangible fixed assets 3.6 6.0 5.3  
Financial assets        
Investments in joint ventures 0.0 0.0 0.0  
Loan receivables 0.0 0.0 0.0  
Deferred tax asset 0.0 0.0 0.0  
Other investments 0.0 0.0 0.0  
Total financial assets 0.0 0.0 0.0  
Total non-current assets 6.3 8.6 8.2  
Inventories 2.6 5.8 4.7  
Trade receivables 4.6 4.8 3.8  
Other receivables 4.9 4.9 5.1  
Prepayments 0.3 0.6 0.4  
Cash and cash equivalents incl. restricted cash 8.3 6.3 8.2  
Current assets excl. assets held for sale 20.7 22.4 22.2  
Assets held for sale 0.0 0.0 0.0  
Total current assets 20.7 22.4 22.2  
TOTAL ASSETS 27.0 31.0 30.4  
EQUITY AND LIABILITIES        
Total equity 15.8 11.7 10.0  
Liabilities        
Non-current tax liability related to held-over gains 0.0 0.0 0.0  
Deferred tax liability 0.3 0.3 0.2  
Borrowings 0.7 0.2 1.5  
Other non-current liabilities 0.6 0.6 0.5  
Total non-current liabilities 1.6 1.1 2.2  
Borrowings 1.9 1.8 2.8  
Trade payables 1.8 3.8 2.3  
Current tax liabilities 0.2 0.3 0.4  
Other liabilities 0.7 0.6 0.8  
Provisions 0.7 0.6 0.6  
Prepayments from customers 4.3 11.1 11.3  
Total current liabilities 9.6 18.2 18.2  
Total liabilities 11.2 19.3 20.4  
TOTAL EQUITY AND LIABILITIES 27.0 31.0 30.4  
Inter-segment elimination        
Intangible assets        
Goodwill 0.0 0.0 0.0  
Other intangible assets 0.0 0.0 0.0  
Total intangible assets 0.0 0.0 0.0  
Tangible fixed assets        
Land and buildings 0.0 0.0 0.0  
Vessels and capitalized dry-docking (14.6) (17.2) (17.0)  
Other non-current assets under construction 0.0 (0.2) (0.3)  
Other plant and operating equipment 0.0 0.0 0.0  
Total tangible fixed assets (14.6) (17.4) (17.3)  
Financial assets        
Investments in joint ventures 0.0 0.0 0.0  
Loan receivables 0.0 0.0 0.0  
Deferred tax asset 0.0 0.0 0.0  
Other investments 0.0 0.0 0.0  
Total financial assets 0.0 0.0 0.0  
Total non-current assets (14.6) (17.4) (17.3)  
Inventories 0.0 0.0 (0.2)  
Trade receivables (0.3) 0.0 (0.4)  
Other receivables 0.0 0.0 0.0  
Prepayments 0.0 0.0 0.0  
Cash and cash equivalents incl. restricted cash 0.0 0.0 0.0  
Current assets excl. assets held for sale (0.3) 0.0 (0.6)  
Assets held for sale (0.3) 0.0 0.0  
Total current assets (0.6) 0.0 (0.6)  
TOTAL ASSETS (15.2) (17.4) (17.9)  
EQUITY AND LIABILITIES        
Total equity (11.4) (9.8) (7.3)  
Liabilities        
Non-current tax liability related to held-over gains 0.0 0.0 0.0  
Deferred tax liability 0.0 0.0 0.0  
Borrowings 0.0 0.0 0.0  
Other non-current liabilities 0.0 0.0 0.0  
Total non-current liabilities 0.0 0.0 0.0  
Borrowings 0.0 0.0 0.0  
Trade payables 0.0 0.0 (0.1)  
Current tax liabilities 0.0 0.0 0.0  
Other liabilities (0.3) 0.0 (0.3)  
Provisions 0.0 0.0 0.0  
Prepayments from customers (3.5) (7.6) (10.2)  
Total current liabilities (3.8) (7.6) (10.6)  
Total liabilities (3.8) (7.6) (10.6)  
TOTAL EQUITY AND LIABILITIES $ (15.2) $ (17.4) $ (17.9)