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, 2025 | Three months ended June 30, 2026 | Six months ended June 30, 2025 | Six 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, 2025 | June 30, 2026 | | (in thousands) | | Luna Pool Agency Limited | $ | 1,532 | | $ | 310 | | | Unigas Pool | 5,010 | | 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.
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