v3.26.3
RELATED PARTY TRANSACTIONS AND AFFILIATED COMPANIES (Tables)
6 Months Ended
Jun. 30, 2026
Related party transactions [abstract]  
Schedule of related party transactions
A summary of transactions with related parties and affiliated companies for the six months ended June 30, 2026 and 2025 was as follows:
(in thousands of $)20262025
Revenues and other operating income
Seatankers Management Co. Ltd3,914 1,877 
SFL1,499 1,048 
Golden Ocean 48 
Flex LNG Ltd949 795 
Avance Gas 572 
TFG Marine365 338 
Other related parties and affiliated companies
14 — 
Total revenues and other operating income6,741 4,678 
Operating expenses
Front Ocean Management1,905 1,544 
Seatankers Management Co. Ltd289 456 
Total operating expenses2,194 2,000 
Other income (expenses)
FMS Holdco share of results(44)712 
TFG Marine share of results23,792 405 
Total other income (expenses)23,748 1,117 
    
A summary of balances due from related parties and affiliated companies as of June 30, 2026 and December 31, 2025 was as follows:

(in thousands of $)June 30, 2026December 31, 2025
SFL2,586 3,860 
Seatankers Management Co. Ltd9,563 8,453 
Flex LNG Ltd987 403 
TFG Marine221 302 
Other related parties and affiliated companies
90 73 
Related party and affiliated company receivables13,447 13,091 
A summary of balances due to related parties and affiliated companies as of June 30, 2026 and December 31, 2025 was as follows:

(in thousands of $)June 30, 2026December 31, 2025
SFL10,587 6,829 
Seatankers Management Co. Ltd3,459 2,594 
Flex LNG Ltd490 340 
TFG Marine 25,905 21,195 
Front Ocean Management1,174 106 
Related party and affiliated company payables41,615 31,064 
The total amount of the remuneration earned by all directors and key management personnel for their services in the six months ended June 30, 2026 and 2025 was as follows:

(in thousands of $)20262025
Total remuneration8,048 2,258 
of which:
Paid in capacity as directors2,288 115 
Other remuneration5,760 2,143 
Total remuneration consists of a fixed and a variable component, summarized as follows:
(in thousands of $)20262025
Total fixed remuneration480 468 
of which:
Cost of pension16 17 
Total variable remuneration7,568 1,790 
of which:
Share based payments7,568 1,790