| Property, plant and equipment |
4.Property, plant and equipment | | | | | | | | | | | | | | | | | | | Right-of-use | | | | | | | | | Furniture | | assets | | | | | Vessels | | Dry docking | | and fixtures | | (Vessels) | | Total | | | US$’000 | | US$’000 | | US$’000 | | US$’000 | | US$’000 | At 30 June 2026 | | | | | | | | | | | Cost | | 2,994,895 | | 94,327 | | 1,414 | | 377,920 | | 3,468,556 | Accumulated depreciation and impairment charge | | (755,245) | | (24,777) | | (958) | | (276,636) | | (1,057,616) | Net book value | | 2,239,650 | | 69,550 | | 456 | | 101,284 | | 2,410,940 |
| | | | | | | | | | | | | | | | | | | Right-of-use | | | | | | | | | Furniture | | assets | | | | | Vessels | | Dry docking | | and fixtures | | (Vessels) | | Total | | | US$’000 | | US$’000 | | US$’000 | | US$’000 | | US$’000 | At 31 December 2025 | | | | | | | | | | | Cost | | 2,994,896 | | 91,345 | | 1,251 | | 353,426 | | 3,440,918 | Accumulated depreciation and impairment charge | | (684,835) | | (35,441) | | (818) | | (236,684) | | (957,778) | Net book value | | 2,310,061 | | 55,904 | | 433 | | 116,742 | | 2,483,140 |
| (a) | Vessels with an aggregate carrying amount of US$1,388 million as at 30 June 2026 (31 December 2025: US$1,423 million) are secured on bank borrowings (note 6). |
| (b) | In H1 2025, the Group derecognized US$138.5 million of right-of-use assets (vessels) cost and accumulated depreciation upon the delivery of two VLGCs, following the exercise of purchase options declared in December 2024 and February 2025 respectively. |
| (c) | The sale and delivery of BW Cedar was concluded in February 2025, generating US$65.0 million in proceeds and a net book gain of US$32.1 million. |
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