v3.26.1
Property, plant and equipment (Tables)
 6 Months Ended
Jun. 30, 2026
Property, plant and equipment [Abstract]  
Schedule of Property, Plant and Equipment
   
Vessels and
scrubbers
USD’000
Dry docking
USD’000
Right-of-use
Assets – Vessels
USD’000
Others
USD’000
Total
USD’000
  
 
At 30 June 2026
            
 
Cost
3,055,818
178,716
238,014
2,022
3,474,570
  
 
Accumulated depreciation charge
(917,523)
(67,750)
(194,514)
(1,549)
(1,181,336)
  
 
Net book value
2,138,295
110,966
43,500
473
2,293,234
  

   
Vessels and
scrubbers
USD’000
Dry docking
USD’000
Right-of-use
Assets – Vessels
USD’000
 Others
 USD’000
Total
USD’000
  
 
At 31 December 2025
            
 
Cost
3,426,406
193,076
217,595
2,049
3,839,126
  
 
Accumulated depreciation charge
(1,081,649)
(78,440)
(179,182)
(1,184)
(1,340,455)
  
 
Net book value
2,344,757
114,636
38,413
865
2,498,671
  
Current and Next Average Purchase Option Price of Firm Charters
The Group has firm charters in place up till 2030 for these vessels. The current and next average purchase option price are as follows:

 
USD’000
 Current average purchase option price2
Next average purchase option price
  
 
LR1
38,333
37,833
  
 
MR
29,093
28,710
  
Time Chartered-in days and Average Time Charter Rates for Vessels
The time chartered-in days and average time charter rates for these vessels are as follows:

   
2026
2027
2028
2029
2030
  
 
TC in (Days)3
            
 
LR1 (with purchase option)
730
425
–
–
–
  
 
MR (with purchase option)
2,555
1,358
366
365
286
  
               
 
Average TC in rate (USD/Day)
            
 
LR1 (with purchase option)
19,597
19,800
–
–
–
  
 
MR (with purchase option)
17,374
17,557
19,850
19,850
19,850
  

1 The LR2 and Small (“Specialized”) commercial pools ceased operations in June 2026.
2 The exercisable purchase option price decreases by a fixed amount per year, or on a pro-rata basis based on individual contract terms. Prior notice period of three to four months are required before exercise of options. The value of the purchase options (difference between the option price and fair market value of the vessel) amount to USD 191 million as at the end of the current reporting period.
3 Based on firm charter period and does not include optional periods exercisable by Hafnia.