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VESSELS AND EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
VESSELS AND EQUIPMENT, NET VESSELS AND EQUIPMENT, NET
Movements in the six months ended June 30, 2021 are summarized as follows;
(in thousands of $)CostAccumulated DepreciationNet Carrying Value
Balance at December 31, 20203,867,871 (560,727)3,307,144 
Depreciation(67,451)
Additions to vessels and equipment4,611 
Transfers from Newbuildings96,683 
Balance at June 30, 20213,969,165 (628,178)3,340,987 

In the six months ended June 30, 2021, the Company took delivery of two LR2 tankers, Front Fusion and Front Future, from SWS. The Company also completed the installation of EGCSs on one vessel during the period.