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VESSELS AND EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2016
Property, Plant and Equipment [Abstract]  
VESSELS AND EQUIPMENT, NET
VESSELS AND EQUIPMENT, NET
(in thousands of $)
June 30, 2016

 
December 31, 2015

Cost
2,159,655

 
1,964,852

Accumulated depreciation
(369,839
)
 
(323,535
)
Vessels and equipment, net
1,789,816

 
1,641,317


During the six months ended June 30, 2016, the Company took delivery of two 9,300-9,500 twenty-foot equivalent units (“TEU”) newbuilding container vessels at an aggregate cost of $194.8 million.