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v3.25.2

VESSELS AND EQUIPMENT, NET (Tables) | 6 Months Ended
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Jun. 30, 2025
Property, Plant and Equipment [Abstract] |
Components of vessels and equipment, net | Our vessels and equipment, net consisted of the following:
(in thousands of $) | June 30, 2025 |  | December 31, 2024 |
Vessels(1) | 2,384,365 |  |  | 2,117,261 |  |
Office equipment and fittings | 1,672 |  |  | 1,430 |  |
Less: Accumulated depreciation | (214,585) |  |  | (179,065) |  |
Total vessels and equipment, net | 2,171,452 |  |  | 1,939,626 |  |
(1) Vessels includes the retrofitting and upgrades cost of $73.0 million (2024: $37.6 million) and capitalized drydocking cost of $59.5 million (2024: $42.0 million). As of June 30, 2025, retrofitting and upgrades of certain vessels is in progress, with an estimated total remaining commitment of $11.1 million and depreciation will begin upon completion.

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
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