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v3.21.2

SUBSEQUENT EVENTS (Details) $ / shares in Units, $ in Thousands | 1 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Aug. 31, 2021 USD ($) very_large_crude_carrier | Jul. 31, 2021 USD ($) very_large_crude_carrier $ / shares shares | Jun. 30, 2021 USD ($) very_large_crude_carrier shares | Jun. 30, 2021 USD ($) very_large_crude_carrier shares | Jun. 30, 2020 USD ($) | Dec. 31, 2020 USD ($) shares
Subsequent Event [Line Items] |  |  |  |  |  |
Issued share capital | $ |  |  | $ 197,692 | $ 197,692 |  | $ 197,692
Common stock, shares issued (in shares) | shares |  |  | 197,692,321 | 197,692,321 |  | 197,692,321
Payments to acquire vessels and equipment | $ |  |  | $ 180,000 | $ 181,980 | $ 152,846 |
Number of assets agreed to acquire | very_large_crude_carrier |  |  | 2 | 2 |  |
Subsequent Event |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Shares issued on exercise of options (in shares) | shares |  | 339,000,000 |  |  |  |
Shares issued, price per share (in dollars per share) | $ / shares |  | $ 5.70 |  |  |  |
Issued share capital | $ |  | $ 198,031,321 |  |  |  |
Common stock, shares issued (in shares) | shares |  | 198,031,321 |  |  |  |
Deposits paid to acquire vessels and equipment | $ |  | $ 18,000 |  |  |  |
Payments to acquire vessels and equipment | $ |  | $ 180,000 |  |  |  |
Number of assets agreed to acquire | very_large_crude_carrier |  | 2 |  |  |  |
Subsequent Event | Term loan facility $130.0 million |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Number of newbuild vessels partially financed by term loan facility | very_large_crude_carrier | 2 |  |  |  |  |
Number of newbuild vessels financed by term loan facility | very_large_crude_carrier | 6 |  |  |  |  |
Subsequent Event | Term loan facility $130.0 million | London Interbank Offered Rate (LIBOR) |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Debt instrument, basis spread on variable rate | 1.70% |  |  |  |  |
Subsequent Event | Term loan facility $130.0 million | Loans Payable |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Debt instrument, face amount | $ | $ 130,000 |  |  |  |  |
Debt instrument, term | 5 years |  |  |  |  |
Interest rate amortization profile | 20 years |  |  |  |  |
Subsequent Event | Term loan facility $58.5 million (SEB) |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Number of newbuild vessels partially financed by term loan facility | very_large_crude_carrier | 1 |  |  |  |  |
Number of newbuild vessels financed by term loan facility | very_large_crude_carrier | 2 |  |  |  |  |
Subsequent Event | Term loan facility $58.5 million (SEB) | London Interbank Offered Rate (LIBOR) |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Debt instrument, basis spread on variable rate | 1.70% |  |  |  |  |
Subsequent Event | Term loan facility $58.5 million (SEB) | Loans Payable |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Debt instrument, face amount | $ | $ 58,500 |  |  |  |  |
Debt instrument, term | 5 years |  |  |  |  |
Interest rate amortization profile | 20 years |  |  |  |  |
Subsequent Event | Term loan facility $58.5 million (KFW-IPEX) |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Number of newbuild vessels partially financed by term loan facility | very_large_crude_carrier | 1 |  |  |  |  |
Number of newbuild vessels financed by term loan facility | very_large_crude_carrier | 2 |  |  |  |  |
Subsequent Event | Term loan facility $58.5 million (KFW-IPEX) | London Interbank Offered Rate (LIBOR) |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Debt instrument, basis spread on variable rate | 1.70% |  |  |  |  |
Subsequent Event | Term loan facility $58.5 million (KFW-IPEX) | Loans Payable |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Debt instrument, face amount | $ | $ 58,500 |  |  |  |  |
Debt instrument, term | 5 years |  |  |  |  |
Interest rate amortization profile | 20 years |  |  |  |  |
Subsequent Event | John Fredriksen |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Shares issued on exercise of options (in shares) | shares |  | 198,000,000 |  |  |  |
Subsequent Event | Inger M. Klemp |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Shares issued on exercise of options (in shares) | shares |  | 120,000,000 |  |  |  |
Subsequent Event | Ola Lorentzon |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |
Shares issued on exercise of options (in shares) | shares |  | 21,000,000 |  |  |  |

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