v3.25.4
CONTRACTUAL OBLIGATIONS AND RIGHTS (Tables)
 12 Months Ended
Dec. 31, 2025
CONTRACTUAL OBLIGATIONS AND RIGHTS  
Schedule of contractual obligations December 31, 2025.
USDm
  
  
2026
  
  
2027
  
  
2028
  
  
2029
  
  
2030
  
  
Thereafter
  
  
Total
Borrowings ¹⁾
 
291.8
 
100.3
 
94.7
 
385.6
 
78.8
 
65.1
 
1,016.3
Interest payments related to scheduled interest fixing
 
38.8
 
34.5
 
30.5
 
20.0
 
4.0
 
0.7
 
128.5
Estimated variable interest payments ²⁾
 
5.5
 
4.4
 
5.3
 
2.7
 
1.2
 
1.5
 
20.6
Committed scrubber installations ³⁾
 
10.0
 
2.0
 
1.9
 
1.6
 
—
 
—
 
15.5
Trade payables and other obligations
 
86.7
 
—
 
—
 
—
 
—
 
3.0
 
89.7
Total
 
558.8
 
141.2
 
132.4
 
409.9
 
84.0
 
70.3
 
1,396.6
The following table summarizes the Group's contractual obligations as of December 31, 2024.
USDm
  
  
2025
  
  
2026
  
  
2027
  
  
2028
  
  
2029
  
  
Thereafter
  
  
Total
Borrowings ¹⁾
 
167.9
 
166.2
 
132.8
 
118.1
 
488.2
 
170.1
 
1,243.3
Interest payments related to scheduled interest fixing
 
51.1
 
46.5
 
43.7
 
39.8
 
26.0
 
5.3
 
212.4
Estimated variable interest payments ²⁾
 
9.9
 
8.8
 
8.4
 
8.5
 
5.7
 
4.7
 
46.0
Committed scrubber installations ³⁾
 
11.9
 
1.1
 
7.9
 
2.1
 
—
 
—
 
23.0
Trade payables and other obligations
 
92.0
 
—
 
—
 
—
 
—
 
2.7
 
94.7
Total
 
332.8
 
222.6
 
192.8
 
168.5
 
519.9
 
182.8
 
1,619.4
The following table summarizes the Group's contractual rights as of December 31, 2023
USDm
  
  
2024
  
  
2025
2026
  
  
2027
  
  
2028
  
  
Thereafter
  
  
Total
Borrowings ¹⁾
 
174.9
 
148.0
 
148.4
 
112.0
 
120.0
 
370.2
 
1,073.5
Interest payments related to scheduled interest fixing
 
41.0
 
32.5
 
26.7
 
24.5
 
19.5
 
18.4
 
162.6
Estimated variable interest payments ²⁾
 
6.3
 
5.3
 
6.1
 
6.2
 
7.5
 
8.9
 
40.3
Secondhand vessel commitments
 
190.4
 
—
 
—
 
—
 
—
 
—
 
190.4
Committed scrubber installations ³⁾
 
23.6
 
—
 
2.0
 
8.1
 
2.0
 
—
 
35.7
Trade payables and other obligations
 
85.0
 
—
 
—
 
—
 
—
 
2.7
 
87.7
Total
 
521.2
 
185.8
 
183.2
 
150.8
 
149.0
 
400.2
 
1,590.2
1) The presented amounts to be repaid do not include directly related borrowing costs arising from the issuing of the loans of $13.2m
(2024: $17.0m. 2023: $13.9m), which are amortized over the term of the loans. Borrowing costs capitalized during the year amount to
$6.8m (2024: $7.3m, 2023: $9.0m).
2) Variable interest payments are estimated based on the forward rates for each interest period including hedging instruments
3) Commitments for pollution reduction installations
Schedule of contractual rights December 31, 2025
USDm
  
  
2026
  
  
2027
  
  
2028
  
  
2029
  
  
2030
  
  
Thereafter
  
  
Total
Contractual rights - as lessor:
 
  
 
  
 
  
 
  
 
  
 
  
 
  
Charter hire income for vessels ⁵⁾
 
53.9
 
31.2
 
9.2
 
—
 
—
 
—
 
94.4
Total
 
53.9
 
31.2
 
9.2
 
—
 
—
 
—
 
94.4
The following table summarizes the Group's contractual rights as of December 31, 2024
USDm
  
  
2025
  
  
2026
  
  
2027
  
  
2028
  
  
2029
  
  
Thereafter
  
  
Total
Contractual rights - as lessor:
 
  
 
  
 
  
 
  
 
  
 
  
 
  
Charter hire income for vessels ⁵⁾
 
67.8
 
26.2
 
11.9
 
—
 
—
 
—
 
105.9
Total
 
67.8
 
26.2
 
11.9
 
—
 
—
 
—
 
105.9
The following table summarizes the Group's contractual rights as of December 31, 2023
USDm
  
  
2024
  
  
2025
  
  
2026
  
  
2027
  
  
2028
  
  
Thereafter
  
  
Total
Contractual rights - as lessor:
 
  
 
  
 
  
 
  
 
  
 
  
 
  
Charter hire income for vessels ⁵⁾
 
37.8
 
24.1
 
—
 
—
 
—
 
—
 
61.9
Total
 
37.8
 
24.1
 
—
 
—
 
—
 
—
 
61.9
5) Charter hire income for vessels on time charter is recognized under "Revenue". During the years revenue from time charter
amounted to $129.3m (2024: $145.6m, 2023: $43.8m)