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VESSELS AND EQUIPMENT, NET (Tables)

6 Months Ended

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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- References

No definition available.

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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

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