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VESSELS AND EQUIPMENT, NET | 6 Months Ended
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Jun. 30, 2025
Property, Plant and Equipment [Abstract] |
VESSELS AND EQUIPMENT, NET | 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. Depreciation charge for the six month periods ended June 30, 2025 and 2024 amounted to $45.0 million and $36.3 million, respectively. Capitalized deferred drydocking costs included within Vessels as of June 30, 2025 will be depreciated over the period until the next expected drydocking for each respective vessel.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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