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VESSELS AND EQUIPMENT, NET
 6 Months Ended
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, 2025December 31, 2024
Vessels(1)
2,384,365 2,117,261 
Office equipment and fittings1,672 1,430 
Less: Accumulated depreciation
(214,585)(179,065)
Total vessels and equipment, net2,171,452 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.