Disclosure Of Information About Interim Financial Reporting [Text Block]
| Concept |
2022-01-01 to 2022-12-31 |
|---|---|
| Disclosure of information about interim financial reporting [text block] | — |
| Explanation of seasonality or cyclicality of interim operations |
Seasonality
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| Explanation of effect of changes in composition of entity during interim period |
In August 2022, d'Amico Tankers d.a.c. gained control of 100% of Glenda International Shipping d.a.c. ("Glenda" or "the JV") through the redemption of the shares ("the Redemption") owned by Topley Corporation ("Topley", part of the Glencore Group) in the JV, for a consideration of US$ 27.4 million. Prior to the transaction Topley owned a participation of 50% in Glenda International Shipping. Glenda International Shipping owned the following MRs at the time of the Redemption:
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