v3.26.3
Inventory
6 Months Ended
Jun. 30, 2026
Inventory [Abstract]  
Inventory Inventory
The carrying amount as per June 30, 2026, of the bunker inventory on board of the vessels amounted to
$93.7 million (2025: $55.7 million), and the carrying amount of the lube oils amounted to $23.6 million as
per June  30, 2026 (2025: $17.5 million).
The increase in bunker inventory is primarily driven by an increase in bunker prices as well as more
vessels operating on the spot market.
Bunker expenses and consumed lubricants are recognized in profit or loss upon consumption. Bunker
expenses are presented within voyage expenses (see Note 10), while lubricants are included within vessel
operating expenses.
Other inventory as of June 30, 2026 amounts to $3.4 million (2025: $4.0 million) and relates to trucks
purchased to be converted into hydro-trucks for resale and spare parts used for the con-version of regular
engines to hydrogen-powered engines.