v3.26.1
Segment Reporting - Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Intangible assets        
Goodwill $ 1.9 $ 1.8 $ 1.8  
Other intangible assets 4.2 4.0 2.3  
Total intangible assets 6.1 5.8 4.1  
Tangible fixed assets        
Land and buildings 8.3 9.7 8.3  
Vessels and capitalized dry-docking 2,918.8 2,792.2 2,691.7  
Prepayments on vessels 29.3 14.1 0.0 $ 0.0
Other non-current assets under construction 4.5 3.4 2.2  
Other plant and operating equipment 1.9 2.5 2.6  
Total tangible fixed assets 2,962.8 2,821.9 2,704.8  
Financial assets        
Investments in joint ventures 0.0 0.0 0.1  
Loan receivables 4.4 4.4 4.5  
Deferred tax asset 0.3 0.3 0.3  
Other investments 3.0 2.7 0.1  
Total financial assets 7.7 7.4 5.0  
Total non-current assets 2,976.6 2,835.1 2,713.9  
Inventories 111.8 66.5 69.5  
Trade receivables 322.4 214.7 170.9  
Other receivables 28.1 23.7 30.9  
Prepayments 16.1 39.1 10.6  
Cash and cash equivalents incl. restricted cash 368.2 163.5 369.8  
Current assets excl. assets held for sale 846.6 507.5 651.7  
Assets held for sale 0.0 24.4 31.1  
Total current assets 846.6 531.9 682.8  
TOTAL ASSETS 3,823.2 3,367.0 3,396.7  
EQUITY AND LIABILITIES        
Total equity 2,550.3 2,202.6 2,107.3 $ 2,074.8
Liabilities        
Non-current tax liability related to held-over gains 45.2 45.2 45.2  
Deferred tax liability 2.0 0.2 0.3  
Borrowings 839.2 714.3 969.8  
Other non-current liabilities 13.8 3.3 8.0  
Total non-current liabilities 900.2 763.0 1,023.3  
Borrowings 237.0 288.8 156.2  
Trade payables 81.8 41.0 45.2  
Current tax liabilities 0.1 0.3 1.3  
Other liabilities 46.8 68.3 57.1  
Provisions 0.4 0.7 0.7  
Prepayments from customers 6.6 2.3 5.6  
Total current liabilities 372.7 401.4 266.1  
Total liabilities 1,272.9 1,164.4 1,289.4  
TOTAL EQUITY AND LIABILITIES 3,823.2 3,367.0 3,396.7  
Operating segments        
Intangible assets        
Goodwill 1.9 1.8 1.8  
Other intangible assets 4.2 4.0 2.3  
Total intangible assets 6.1 5.8 4.1  
Tangible fixed assets        
Land and buildings 8.3 9.7 8.3  
Vessels and capitalized dry-docking 2,918.8 2,792.2 2,691.7  
Prepayments on vessels 29.3 14.1 0.0  
Other non-current assets under construction 4.5 3.4 2.2  
Other plant and operating equipment 1.9 2.5 2.6  
Total tangible fixed assets 2,962.8 2,821.9 2,704.8  
Financial assets        
Investments in joint ventures 0.0 0.0 0.1  
Loan receivables 4.4 4.4 4.5  
Deferred tax asset 0.3 0.3 0.3  
Other investments 3.0 2.7 0.1  
Total financial assets 7.7 7.4 5.0  
Total non-current assets 2,976.6 2,835.1 2,713.9  
Inventories 111.8 66.5 69.5  
Trade receivables 322.4 214.7 170.9  
Other receivables 28.1 23.7 30.9  
Prepayments 16.1 39.1 10.6  
Cash and cash equivalents incl. restricted cash 368.2 163.5 369.8  
Current assets excl. assets held for sale 846.6 507.5 651.7  
Assets held for sale 0.0 24.4 31.1  
Total current assets 846.6 531.9 682.8  
TOTAL ASSETS 3,823.2 3,367.0 3,396.7  
EQUITY AND LIABILITIES        
Total equity 2,550.3 2,202.6 2,107.3  
Liabilities        
Non-current tax liability related to held-over gains 45.2 45.2 45.2  
Deferred tax liability 2.0 0.2 0.3  
Borrowings 839.2 714.3 969.8  
Other non-current liabilities 13.8 3.3 8.0  
Total non-current liabilities 900.2 763.0 1,023.3  
Borrowings 237.0 288.8 156.2  
Trade payables 81.8 41.0 45.2  
Current tax liabilities 0.1 0.3 1.3  
Other liabilities 46.8 68.3 57.1  
Provisions 0.4 0.7 0.7  
Prepayments from customers 6.6 2.3 5.6  
Total current liabilities 372.7 401.4 266.1  
Total liabilities 1,272.9 1,164.4 1,289.4  
TOTAL EQUITY AND LIABILITIES 3,823.2 3,367.0 3,396.7  
Operating segments | Tanker segment        
Intangible assets        
Goodwill 0.0 0.0 0.0  
Other intangible assets 1.8 1.6 1.4  
Total intangible assets 1.8 1.6 1.4  
Tangible fixed assets        
Land and buildings 6.5 7.7 8.1  
Vessels and capitalized dry-docking 2,934.6 2,806.8 2,706.3  
Prepayments on vessels 29.3 14.1 0.0  
Other non-current assets under construction 0.0 0.0 0.0  
Other plant and operating equipment 1.1 1.4 1.4  
Total tangible fixed assets 2,971.5 2,830.0 2,715.8  
Financial assets        
Investments in joint ventures 0.0 0.0 0.1  
Loan receivables 4.4 4.4 4.5  
Deferred tax asset 0.3 0.3 0.3  
Other investments 3.0 2.7 0.1  
Total financial assets 7.7 7.4 5.0  
Total non-current assets 2,981.0 2,839.0 2,722.2  
Inventories 108.6 63.8 66.9  
Trade receivables 315.7 209.8 166.6  
Other receivables 19.8 16.9 26.0  
Prepayments 14.9 38.4 10.3  
Cash and cash equivalents incl. restricted cash 361.8 155.6 361.5  
Current assets excl. assets held for sale 820.8 484.5 631.3  
Assets held for sale 0.0 24.4 31.4  
Total current assets 820.8 508.9 662.7  
TOTAL ASSETS 3,801.8 3,347.9 3,384.9  
EQUITY AND LIABILITIES        
Total equity 2,546.2 2,196.5 2,102.9  
Liabilities        
Non-current tax liability related to held-over gains 45.2 45.2 45.2  
Deferred tax liability 1.8 0.0 0.0  
Borrowings 837.7 712.8 969.1  
Other non-current liabilities 13.3 2.7 7.4  
Total non-current liabilities 898.0 760.7 1,021.7  
Borrowings 233.1 285.2 154.3  
Trade payables 78.2 38.8 43.4  
Current tax liabilities 0.1 0.1 1.1  
Other liabilities 46.2 66.6 56.7  
Provisions 0.0 0.0 0.0  
Prepayments from customers 0.0 0.0 4.8  
Total current liabilities 357.6 390.7 260.3  
Total liabilities 1,255.6 1,151.4 1,282.0  
TOTAL EQUITY AND LIABILITIES 3,801.8 3,347.9 3,384.9  
Operating segments | Marine Engineering segment        
Intangible assets        
Goodwill 1.9 1.8 1.8  
Other intangible assets 2.4 2.4 0.9  
Total intangible assets 4.3 4.2 2.7  
Tangible fixed assets        
Land and buildings 1.8 2.0 0.2  
Vessels and capitalized dry-docking 0.0 0.0 0.0  
Prepayments on vessels 0.0 0.0 0.0  
Other non-current assets under construction 4.5 3.4 2.2  
Other plant and operating equipment 0.8 1.1 1.2  
Total tangible fixed assets 7.1 6.5 3.6  
Financial assets        
Investments in joint ventures 0.0 0.0 0.0  
Loan receivables 0.0 0.0 0.0  
Deferred tax asset 0.0 0.0 0.0  
Other investments 0.0 0.0 0.0  
Total financial assets 0.0 0.0 0.0  
Total non-current assets 11.4 10.7 6.3  
Inventories 3.2 2.7 2.6  
Trade receivables 6.8 4.9 4.6  
Other receivables 8.3 6.8 4.9  
Prepayments 1.2 0.7 0.3  
Cash and cash equivalents incl. restricted cash 6.4 7.9 8.3  
Current assets excl. assets held for sale 25.9 23.0 20.7  
Assets held for sale 0.0 0.0 0.0  
Total current assets 25.9 23.0 20.7  
TOTAL ASSETS 37.3 33.7 27.0  
EQUITY AND LIABILITIES        
Total equity 18.0 18.4 15.8  
Liabilities        
Non-current tax liability related to held-over gains 0.0 0.0 0.0  
Deferred tax liability 0.2 0.2 0.3  
Borrowings 1.5 1.5 0.7  
Other non-current liabilities 0.5 0.6 0.6  
Total non-current liabilities 2.2 2.3 1.6  
Borrowings 3.9 3.6 1.9  
Trade payables 3.6 2.2 1.8  
Current tax liabilities 0.0 0.2 0.2  
Other liabilities 0.7 1.7 0.7  
Provisions 0.4 0.7 0.7  
Prepayments from customers 8.5 4.6 4.3  
Total current liabilities 17.1 13.0 9.6  
Total liabilities 19.3 15.3 11.2  
TOTAL EQUITY AND LIABILITIES 37.3 33.7 27.0  
Inter-segment elimination        
Intangible assets        
Goodwill 0.0 0.0 0.0  
Other intangible assets 0.0 0.0 0.0  
Total intangible assets 0.0 0.0 0.0  
Tangible fixed assets        
Land and buildings 0.0 0.0 0.0  
Vessels and capitalized dry-docking (15.8) (14.6) (14.6)  
Prepayments on vessels 0.0 0.0 0.0  
Other non-current assets under construction 0.0 0.0 0.0  
Other plant and operating equipment 0.0 0.0 0.0  
Total tangible fixed assets (15.8) (14.6) (14.6)  
Financial assets        
Investments in joint ventures 0.0 0.0 0.0  
Loan receivables 0.0 0.0 0.0  
Deferred tax asset 0.0 0.0 0.0  
Other investments 0.0 0.0 0.0  
Total financial assets 0.0 0.0 0.0  
Total non-current assets (15.8) (14.6) (14.6)  
Inventories 0.0 0.0 0.0  
Trade receivables (0.1) 0.0 (0.3)  
Other receivables 0.0 0.0 0.0  
Prepayments 0.0 0.0 0.0  
Cash and cash equivalents incl. restricted cash 0.0 0.0 0.0  
Current assets excl. assets held for sale (0.1) 0.0 (0.3)  
Assets held for sale 0.0 0.0 (0.3)  
Total current assets (0.1) 0.0 (0.6)  
TOTAL ASSETS (15.9) (14.6) (15.2)  
EQUITY AND LIABILITIES        
Total equity (13.9) (12.3) (11.4)  
Liabilities        
Non-current tax liability related to held-over gains 0.0 0.0 0.0  
Deferred tax liability 0.0 0.0 0.0  
Borrowings 0.0 0.0 0.0  
Other non-current liabilities 0.0 0.0 0.0  
Total non-current liabilities 0.0 0.0 0.0  
Borrowings 0.0 0.0 0.0  
Trade payables 0.0 0.0 0.0  
Current tax liabilities 0.0 0.0 0.0  
Other liabilities (0.1) 0.0 (0.3)  
Provisions 0.0 0.0 0.0  
Prepayments from customers (1.9) (2.3) (3.5)  
Total current liabilities (2.0) (2.3) (3.8)  
Total liabilities (2.0) (2.3) (3.8)  
TOTAL EQUITY AND LIABILITIES $ (15.9) $ (14.6) $ (15.2)