v3.26.1
Income taxes, Reconciliation of Effective Tax Rate (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of income tax expense [Abstract]      
Profit before income tax $ 342,177 $ 778,453 $ 799,526
Tax calculated at a tax rate of 17% (2024: 0%, 2023: 0%) 58,170 0 0
Exempt shipping profit under Section 13A & 13E of the Singapore Income Tax Act (51,472) 0 0
Effect of different tax rates in other countries and effects from Pillar 2.0 top up taxes (2,309) 0 0
Tax on income derived from non-shipping activities 4,389 5,849 6,540
Over provision of income tax in prior years (1,894) (1,431) (289)
Income tax expense $ 2,495 $ 4,418 $ 6,251
Tax rate 17.00% 0.00% 0.00%