Commitments |
12 Months Ended | |||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||
| Commitments [Abstract] | ||||||||||||||||||||||||||||||||||||||
| Commitments |
Newbuild commitments
The Group has equity interests in joint ventures and is obliged to provide its share of working capital for the joint ventures’ newbuild program through either
equity contributions or shareholder’s loans. The commitments may not be utilised by the joint ventures.
The future minimum capital contributions to be made at the balance sheet date but not yet recognised are as follows:
Operating
lease commitments - where the Group is a lessor
The Group leases vessels to non-related parties under non-cancellable operating lease agreements. The Group classifies these leases as operating leases as the Group retains substantially all risks and rewards incidental to ownership of the leased assets. The undiscounted lease payments under operating leases to be received after the reporting date are classified as follows:
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