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NEWBUILDINGS
12 Months Ended
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.