Share-based compensation (Tables)

12 Months Ended

Dec. 31, 2023

Stock Appreciation Rights (SARs) [Member]

Share-based compensation

Schedule of changes in the Stocks

Changes in the SARs for the year ended December 31, 2023 are set forth below:

		Weighted average
	No. of SARs	exercise price
Balance as of January 1, 2023	528,844	$	4.74
SARs granted during the year ended December 31, 2023	—		—
SARs exercised during the year ended December 31, 2023	(352,484)	$	(4.88)
Balance as of December 31, 2023 (none of which are exercisable or convertible)	176,360	$	4.28

Schedule of cost related to non-vested awards expected to be recognized

The total cost related to non-vested awards expected to be recognized through 2025 is set forth below:

In thousands of U.S. Dollars
Period	TOTAL
2024	57
	57

Restricted stock units

Share-based compensation

Schedule of changes in the Stocks

Changes in the RSUs for the year ended December 31, 2023 is set forth below:

		Weighted average
		fair value at grant
	No. of RSUs	date
Balance as of January 1, 2023	908,209	$	5.31
RSUs granted during the year ended December 31, 2023	210,747	$	16.64
RSUs vested during the year ended December 31, 2023	(402,504)	$	(5.30)
RSUs forfeited during the year ended December 31, 2023	—		—
Balance as of December 31, 2023 (none of which are vested)	716,452	$	8.65

Schedule of cost related to non-vested awards expected to be recognized

The total cost related to non-vested awards expected to be recognized through 2026 is set forth below:

In thousands of U.S. Dollars
Period	TOTAL
2024	2,349
2025	1,353
2026	150
	3,852