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NEWBUILDINGS | 12 Months Ended
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Dec. 31, 2019
NEWBUILDINGS [Abstract] |
NEWBUILDINGS |
17. | NEWBUILDINGS
Movements in the three years ended December 31, 2019 are summarized as follows:
(in thousands of $) |  |
Balance at December 31, 2016 |  | 308,324 |
Additions, net, continuing basis |  | 707,988 |
Transfer to Vessels and equipment, net |  | (941,388 | )
Interest capitalized, continuing basis |  | 4,678 |
Balance at December 31, 2017 |  | 79,602 |
Additions, net, continuing basis |  | 201,653 |
Transfer to Vessels and equipment, net |  | (230,596 | )
Interest capitalized, continuing basis |  | 1,595 |
Balance at December 31, 2018 |  | 52,254 |
Additions, net, continuing basis |  | 158,846 |
Transfer to Vessels and equipment, net |  | (166,121 | )
Interest capitalized, continuing basis |  | 1,089 |
Balance at December 31, 2019 |  | 46,068 |
The following table sets forth certain details of our newbuildings delivered in the three years ended December 31, 2019:
(in thousands of $) |  |  |  |
Vessel name |  | Vessel type |  | Date of delivery
Front Discovery |  | VLCC |  | April 2019
Front Defender |  | VLCC |  | January 2019
Front Empire |  | VLCC |  | January 2018
Front Princess |  | VLCC |  | January 2018
Front Polaris |  | LR2/ Aframax |  | January 2018
Front Classic |  | Suezmax |  | January 2017
Front Vega |  | LR2/ Aframax |  | January 2017
Front Antares |  | LR2/ Aframax |  | January 2017
Front Duchess |  | VLCC |  | February 2017
Front Clipper |  | Suezmax |  | March 2017
Front Crystal |  | Suezmax |  | April 2017
Front Sirius |  | LR2/ Aframax |  | April 2017
Front Coral |  | Suezmax |  | May 2017
Front Cosmos |  | Suezmax |  | June 2017
Front Castor |  | LR2/ Aframax |  | June 2017
Front Cascade |  | Suezmax |  | July 2017
Front Earl |  | VLCC |  | July 2017
Front Pollux |  | LR2/ Aframax |  | August 2017
Front Capella |  | LR2/ Aframax |  | September 2017
Front Prince |  | VLCC |  | September 2017
As of December 31, 2017, the Company's newbuilding program comprised four VLCCs and one LR2/Aframax tanker newbuildings. In the year ended December 31, 2018, the Company took delivery of two VLCC newbuildings, and one LR2/Aframax tanker newbuilding. As of December 31, 2018, the Company's newbuilding program comprised two VLCC newbuildings. In the year ended December 31, 2019, the Company took delivery of two VLCC newbuildings. As of December 31, 2019, the Company’s newbuilding program comprised one Suezmax tanker and one VLCC, which are expected to be delivered in April and May 2020, respectively, and four LR2 tankers, which are expected to be delivered in January 2021, March 2021, October 2021 and January 2022.

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