v3.26.1
Related Party Transactions
6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related Party Transactions
15. Related Party Transactions

The following table summarizes our transactions with related parties for the three and six months ended June 30, 2026, and 2025:

Three months ended June 30, 2025Three months ended June 30, 2026Six months ended June 30, 2025Six months ended June 30, 2026
(in thousands)
Net expenses
Luna Pool Agency Limited$(1)$(1)$(3)$(6)
Ultranav Business Support ApS(16)(12)(31)(25)
$(17)$(13)$(34)$(31)

The following table sets out the balances due from related parties as of December 31, 2025, and June 30, 2026:
 
December 31, 2025June 30, 2026
(in thousands)
Luna Pool Agency Limited$1,532 $310 
Unigas Pool5,010 8,667 
$6,542 $8,977 
As of June 30, 2026, Ultranav International ApS held a 34.5% share in the Company and BW Group Limited held a 9.9% share in the Company and they are our principal shareholders. They may exert considerable influence on the Company's directors and significant corporate actions.