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v3.25.1

SUBSEQUENT EVENTS (Details) $ / shares in Units, $ in Millions |  |  |  | 1 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | ---
Mar. 14, 2025 $ / shares shares | Mar. 04, 2025 $ / shares shares | Feb. 12, 2025 $ / shares | Feb. 28, 2025 USD ($) vessel $ / shares shares | Jan. 31, 2025 USD ($) | Feb. 29, 2024 $ / shares shares | Dec. 31, 2024 USD ($) $ / shares shares | Dec. 31, 2023 $ / shares shares | Dec. 31, 2022 USD ($) $ / shares shares
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |
Options exercised (in shares) | shares |  |  |  |  |  |  | 510,000 | 0 | 85,500
Average exercise price per share (in dollars per share) | $ / shares |  |  |  |  |  |  | $ 7.35 | $ 0 | $ 8.87
Intrinsic value of exercised options |  |  |  |  |  |  | $ 3.0 |  | $ 0.1
Granted (in shares) | shares |  |  |  |  |  | 440,000 | 440,000 | 440,000 | 435,000
Expected life of options (in years) |  |  |  |  |  | 5 years | 3 years 6 months | 3 years 6 months | 3 years 6 months
Vesting period (in years) |  |  |  |  |  | 3 years |  |  |
Granted, initial strike price (in dollars per share) | $ / shares |  |  |  |  |  | $ 12.02 | $ 12.02 | $ 10.34 | $ 8.73
Asian Ace | Vessel [Member] |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |
Investments in leaseback assets |  |  |  |  |  |  | $ 5.3 |  |
Subsequent Event |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |
Dividend declared (in dollars per share) | $ / shares |  |  | $ 0.27 |  |  |  |  |  |
Granted (in shares) | shares | 465,000 |  |  |  |  |  |  |  |
Expected life of options (in years) | 5 years |  |  |  |  |  |  |  |
Vesting period (in years) | 3 years |  |  |  |  |  |  |  |
Granted, initial strike price (in dollars per share) | $ / shares | $ 8.39 |  |  |  |  |  |  |  |
Subsequent Event | Officer |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |
Options exercised (in shares) | shares |  |  |  | 22,060 |  |  |  |  |
Average exercise price per share (in dollars per share) | $ / shares |  |  |  | $ 8.90 |  |  |  |  |
Intrinsic value of exercised options |  |  |  | $ 0.2 |  |  |  |  |
Subsequent Event | Seadrill |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |
Litigation settlement, amount awarded to other party |  |  |  | $ 48.0 |  |  |  |  |
Subsequent Event | Golden Ocean |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |
Purchase options exercised, vessels | vessel |  |  |  | 8 |  |  |  |  |
Purchase options exercised, aggregate amount |  |  |  | $ 112.0 |  |  |  |  |
Net sales proceeds from sale of vessels, estimated |  |  |  | $ 50.0 |  |  |  |  |
Subsequent Event | Asian Ace |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |
Net sales proceeds from sale of vessels |  |  |  |  | $ 9.5 |  |  |  |
Subsequent Event | Hemen | Related Party |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |
Share purchase agreement, number of shares (in shares) | shares |  | 81,363,730 |  |  |  |  |  |  |
Share price (in USD per shares) | $ / shares |  | $ 14.49 |  |  |  |  |  |  |
Subsequent Event | 7.75% Senior Unsecured Sustainability-Linked Bonds Due 2030 |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |
Aggregate debt amount |  |  |  |  | $ 150.0 |  |  |  |
Issue price, percentage (as a percent) |  |  |  |  | 0.995 |  |  |  |
Interest rate (as a percent) |  |  |  |  | 7.75% |  |  |  |

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