Commitments are mainly in respect of committed future leases, purchase obligations, short-term leases and other service arrangements (all mainly denominated in United States dollar).
As at December 31, 2025, the projected future payments are as follows:
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US $ in millions
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2026
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340.2
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2027
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395.4
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2028
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740.9
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2029
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785.4
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2030 and thereafter
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3,300.0
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|
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5,561.9
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The above schedule includes the Group’s commitments in respect of the following agreements:
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(a) |
In August 2022, the Company announced a long-term agreement with Shell NA LNG, LLC for the purpose of supply marine liquefied natural gas (LNG). The agreement, committing the parties for a period of ten years, secures the supply of LNG for the Company’s ten 15,000 TEU LNG-fueled vessels.
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(b) |
In September 2024, the Company entered into a second long-term agreement with Shell NA LNG, LLC to secure the supply of marine liquefied natural gas (LNG) for some of its 8,000 TEU LNG-fueled vessels, for a period of up to ten years commencing 2025.
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(c) |
In November 2024, the Company entered into an agreement for the charter of four new-build 8,000 TEU scrubber-fitted container vessels, for periods ranging between five to seven years, scheduled to be delivered during the second half of 2026 and the first half of 2027.
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(d) |
In respect of additional charter agreements the Company entered into during 2025, see also Note 1(ii)(c).
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