v3.26.1
DERIVATIVE FINANCIAL INSTRUMENTS
6 Months Ended
Jun. 30, 2026
Derivative Financial Instruments [Abstract]  
DERIVATIVE FINANCIAL INSTRUMENTS NOTE 6 - DERIVATIVE FINANCIAL INSTRUMENTS
30 June
30 June
31 December
USDm
2026
2025
2025
Fair value of derivative financial instruments
regarding freight and bunkers
Forward freight agreements - fair value through
profit and loss
4.6
3.9
2.0
Bunker swaps - fair value through profit and loss
-1.2
-0.1
-0.8
Fair value of derivative financial instruments
regarding interest and currency exchange rate
Forward exchange contracts - hedge accounting
-1.5
3.1
0.9
Interest rate swaps - hedge accounting
11.5
13.8
8.3
Fair value of derivatives
13.4
20.7
10.4
Derivative financial instruments are recognized in the following balance sheet items:
30 June
30 June
31 December
USDm
2026
2025
2025
Other receivables
16.1
21.1
10.9
Other liabilities
-2.7
-0.4
-0.5
Total
13.4
20.7
10.4
The fair value hierarchy for the above derivative financial instruments is Level 2.
There are no changes in the methods and assumptions used in determining the fair value of the
financial instruments. Please refer to the Annual Report 2025, page 194-195.