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v3.25.2

RELATED PARTY TRANSACTIONS (Tables) | 6 Months Ended
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Jun. 30, 2025
Related Party Transactions [Abstract] |
Schedule of amounts due from and to related parties, excluding direct financing lease balances | The Condensed Consolidated Balance Sheets include the following amounts due from and to related parties and associated companies.
(in thousands of $) | June 30, 2025 |  | December 31, 2024
Amounts due from: |  |  |
Frontline plc | 4,522 |  |  | 4,252 |
Seatankers | 679 |  |  | 521 |
Golden Ocean * | — |  |  | 237 |
Front Ocean | 10 |  |  | 18 |
Paratus | 4 |  |  | 2 |
Northern Ocean Operations Ltd. (“Northern Ocean”) | 2,110 |  |  | — |
NorAm Drilling | 171 |  |  | 109 |
River Box | 103 |  |  | 92 |
Other related parties | 5 |  |  | 3 |
Allowance for expected credit losses | (37) |  |  | (33) |
Total amount due from related parties | 7,567 |  |  | 5,201 |
Loans to related parties - associated companies, long-term |  |  |
River Box | 45,000 |  |  | 45,000 |
Total loans to related parties - associated companies, long-term | 45,000 |  |  | 45,000 |
Amounts due to: |  |  |
Frontline Shipping | 1,668 |  |  | 1,234 |
Golden Ocean * | — |  |  | 56 |
Seatankers | 136 |  |  | — |
Other related parties | 5 |  |  | 6 |
Total amount due to related parties | 1,809 |  |  | 1,296 |
* On March 4, 2025, CMB.TECH NV (“CMB.TECH”), through its subsidiary CMB.TECH Bermuda Ltd., entered into a share purchase agreement with Hemen Holding Limited (“Hemen”) to purchase all of Hemen’s 81,363,730 common shares in Golden Ocean Group Limited (“Golden Ocean”) at a purchase price of $14.49 per common share (the “Share Purchase”). Following the closing of the Share Purchase on March 12, 2025, Hemen ceased to hold any common share of Golden Ocean and is consequently no longer a related party.

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- Definition A tabular disclosure of amounts owed to and due from related parties. + References No definition available. + Details
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- References No definition available. + Details
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