Joint ventures (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Disclosure of joint ventures [line items] |
|
| Carrying Amount and Share of Profit of Joint Ventures |
The Group has a number of immaterial joint
ventures. The following table summarises, in aggregate, the carrying amount and share of profit of these joint ventures that are accounted for using the equity method:
|
|
|
|
2025
US$’000
|
|
|
|
2024
US$’000
|
|
|
Carrying amount of interest in immaterial joint ventures
|
|
|
2,288
|
|
|
|
2,514
|
|
|
Group’s share of total comprehensive loss
|
|
|
(489
|
)
|
|
|
(1,712
|
)
|
|
| Vista Shipping Pte. Ltd. [Member] |
|
| Disclosure of joint ventures [line items] |
|
| Financial Information of Joint Venture |
The following tables summarise the financial information
of the material joint ventures as included in its own consolidated financial statements. The tables also reconcile the summarised financial information to the carrying amount of the Group’s interest in the joint ventures.
| |
|
|
2025
US$’000
|
|
|
|
2024
US$’000
|
|
|
Percentage ownership interest
|
|
|
50
|
%
|
|
|
50
|
%
|
| |
|
|
|
|
|
|
|
|
|
Non-current assets
|
|
|
413,507
|
|
|
|
427,959
|
|
|
Current assets
|
|
|
43,119
|
|
|
|
63,657
|
|
|
Non-current liabilities
|
|
|
(265,854
|
)
|
|
|
(317,722
|
)
|
|
Current liabilities
|
|
|
(28,904
|
)
|
|
|
(45,350
|
)
|
|
Net assets (100%)
|
|
|
161,868
|
|
|
|
128,544
|
|
| |
|
|
|
|
|
|
|
|
|
Group’s share of net assets (50%)
|
|
|
80,934
|
|
|
|
64,272
|
|
Hedging reserve
|
|
|
41 |
|
|
|
— |
|
Carrying amount of interest in joint venture
|
|
|
80,975 |
|
|
|
64,272 |
|
| |
|
|
|
|
|
|
|
|
|
Revenue
|
|
|
99,293
|
|
|
|
112,907
|
|
|
Other income
|
|
|
2,972
|
|
|
|
2,623
|
|
|
Expenses
|
|
|
(68,854
|
)
|
|
|
(73,951
|
)
|
|
Profit and total comprehensive income (100%)
|
|
|
33,411
|
|
|
|
41,579
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit and total comprehensive income (50%)
|
|
|
16,706
|
|
|
|
20,790
|
|
| Adjustment to previously recognised share of profit from prior year |
|
|
- |
|
|
|
35 |
|
|
Group’s share of total comprehensive income (50%)
|
|
|
16,706
|
|
|
|
20,825
|
|
|
| H&A Shipping [Member] |
|
| Disclosure of joint ventures [line items] |
|
| Financial Information of Joint Venture |
| |
|
|
2025
US$’000
|
|
|
|
2024
US$’000
|
|
|
Percentage ownership interest
|
|
|
50
|
%
|
|
|
50
|
%
|
| |
|
|
|
|
|
|
|
|
|
Non-current assets
|
|
|
59,271
|
|
|
|
59,892
|
|
|
Current assets
|
|
|
5,071
|
|
|
|
5,388
|
|
|
Non-current liabilities
|
|
|
(41,151
|
)
|
|
|
(46,093
|
)
|
|
Current liabilities
|
|
|
(4,731
|
)
|
|
|
(4,940
|
)
|
|
Net assets (100%)
|
|
|
18,460
|
|
|
|
14,247
|
|
| |
|
|
|
|
|
|
|
|
|
Group’s share of net assets (50%)
|
|
|
9,230
|
|
|
|
7,124
|
|
|
Shareholder’s loans
|
|
|
5,308
|
|
|
|
6,308
|
|
|
Alignment of accounting policies
|
|
|
20
|
|
|
|
1,153
|
|
|
Carrying amount of interest in joint venture
|
|
|
14,558
|
|
|
|
14,585
|
|
| |
|
|
|
|
|
|
|
|
|
Revenue
|
|
|
11,069
|
|
|
|
11,459
|
|
|
Other income
|
|
|
1,496
|
|
|
|
1,866
|
|
|
Expenses
|
|
|
(9,377
|
)
|
|
|
(10,791
|
)
|
|
Profit and total comprehensive income (100%)
|
|
|
3,188
|
|
|
|
2,534
|
|
| |
|
|
|
|
|
|
|
|
|
Profit and total comprehensive income (50%)
|
|
|
1,594
|
|
|
|
1,267
|
|
Adjustment to previously recognised share of profit from prior year
|
|
|
(474 |
) |
|
|
— |
|
|
Alignment of accounting policies
|
|
|
(147
|
)
|
|
|
147
|
|
|
Group’s share of total comprehensive income (50%)
|
|
|
973
|
|
|
|
1,414
|
|
|
| Ecomar [Member] |
|
| Disclosure of joint ventures [line items] |
|
| Financial Information of Joint Venture |
|
|
|
|
2025
US$’000
|
|
|
|
2024
US$’000
|
|
|
Percentage ownership interest
|
|
|
50
|
%
|
|
|
50
|
%
|
|
|
|
|
|
|
|
|
|
|
|
Non-current assets
|
|
|
185,498
|
|
|
|
68,964
|
|
|
Current assets
|
|
|
13,872
|
|
|
|
4,928
|
|
|
Non-current liabilities
|
|
|
(172,098
|
)
|
|
|
(77,032
|
)
|
Current liabilities
|
|
|
(32,795 |
) |
|
|
— |
|
|
Net liabilities (100%)
|
|
|
(5,523
|
)
|
|
|
(3,140
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Group’s share of net liabilities (50%)
|
|
|
(2,762
|
)
|
|
|
(1,570
|
)
|
|
Unrecognised share of losses
|
|
|
2,762
|
|
|
|
1,633
|
|
|
Translation reserve
|
|
|
—
|
|
|
|
(63
|
)
|
|
Carrying amount of interest in joint venture
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
|
20,549
|
|
|
|
—
|
|
|
Other income
|
|
|
1,717
|
|
|
|
32
|
|
|
Expenses
|
|
|
(24,490
|
)
|
|
|
(3,321
|
)
|
|
Loss and total comprehensive loss (100%)
|
|
|
(2,224
|
)
|
|
|
(3,289
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Loss and total comprehensive loss (50%)
|
|
|
(1,112
|
)
|
|
|
(1,645
|
)
|
Adjustment to previously recognised share of loss from prior year
|
|
|
(13 |
) |
|
|
— |
|
|
Unrecognised share of loss for the current year
|
|
|
1,125
|
|
|
|
1,633
|
|
|
Group’s share of total comprehensive loss (50%)
|
|
|
—
|
|
|
|
(12
|
)
|
|