Property, vessels and equipment as of December 31, 2019 and 2018 are summarized as follows:

	2019
	Net balances at beginning of year		Additions			Disposals			Transfers and others				Depreciation / loss from revaluation		Net balances at year end		Estimated useful lives (years)

Vessels	$	782,673	$	-		$	200,119	(a) and (h)	$	(337,211	)	(b)	$	30,405	$	214,938	25
Shipyard		275		-			-			-				43		232	40
Major vessel maintenance		41,611		1,753			12,317			(1,979	)			13,888		15,180	2.5
Buildings and facilities		238,901		4,891			-			67,484		(c)		11,616		299,660	20 & 25
Warehousing equipment		255		419			-			-				469		205	10
Computer equipment		581		249			-			-				374		456	3 & 4
Terminal equipment		7,390		280			-			20,345				1,980		26,035	10
Ground transportation equipment		5,366		1,621			602			36				1,394		5,027	4,5 & 10
Other equipment		7,079		446			-			4,663				1,296		10,892
		1,084,131		9,659			213,038			(246,662	)			61,465		572,625
Lands		1,146,252		-			-			451,671		(c)		-		1,597,923
Constructions in progress		83,054		38,622	(d)		-			(6,804	)			-		114,872
	$	2,313,437	$	48,281		$	213,038		$	198,205			$	61,465	$	2,285,420

	2018
	Net balances at beginning of year		Additions		Disposals			Transfers and others				Depreciation / loss from revaluation		Net balances at year end		Estimated useful lives (years)

Vessels	$	1,118,250	$	260	$	125,019	(f)	$	(162,962	)	(e) and (h)	$	47,856	$	782,673	25
Shipyard		318		-		-			-				43		275	40
Major vessel maintenance		12,608		38,142		-			4,064				13,203		41,611	2.5
Buildings and facilities		242,204		5,732		-			604				9,639		238,901	20 & 25
Warehousing equipment		647		-		9			-				383		255	10
Computer equipment		556		459		-			47				481		581	3 & 4
Terminal equipment		6,885		2,252		-			(125	)			1,622		7,390	10
Ground transportation equipment		3,751		2,052		1,153			1,940				1,224		5,366	4,5 & 10
Other equipment		7,641		361		-			313				1,236		7,079
		1,392,860		49,258		126,181			(156,119	)			75,687		1,084,131
Lands		1,184,427		-		45,295	(g)		7,120				-		1,146,252
Constructions in progress		46,248		37,025		-			(219	)			-		83,054
	$	2,623,535	$	86,283	$	171,476		$	(149,218	)		$	75,687	$	2,313,437

(a)

On August 30, 2019, the sale of the vessel SMR Manzanillo to Bricor Servicios Portuarios Mexicanos, S.A. de C.V. by Transportación Marítima Mexicana, S.A. de C.V., a subsidiary of Grupo TMM, was complete for an amount of $15,703, generating a profit of $ 4,410.

(b)

It is comprised mainly of disposal of the TMM Colima vessel in the divestiture of Snekke, S.A. de C.V. of Grupo TMM for $339,038, which is partially offset by the revaluation surplus of $1,827.

(c)

Includes the surplus for revaluation of lands and properties for $310,833 and $66,518, respectively.

(d)

Corresponds to the construction of infrastructure for various projects related to the storage and transportation of hydrocarbons and refined petroleum products.

(e)

Includes the loss for revaluation of the year for $161,411.

(f)

On May 7, 2018, TMM Parcel Tankers, S.A. de C.V., subsidiary of Grupo TMM, completed the sale of the chemical tanker Maya to Yangzijiang Express Shipping PTE. LTD.

(g)

The sale agreement of the land located in Santiago Tlaltepoxco in the Municipality of Huehuetoca, State of Mexico, between Comercializadora Columbia, S.A. de C.V. and Inmobiliaria TMM, S.A. de C.V., a subsidiary of Grupo TMM, was entered into on March 27, 2018.

(h)

During 2018, the offshore vessel ‘Subsea 88’ suffered a major mishap in one of its areas and for which it stopped operating. As of December 31, 2018, Grupo TMM was making the corresponding insurance claims without a final settlement having been issued on the mishap as of that date. Since the repair of the ship requires a substantial time that affects future cash flows, Management recognized a loss in fair value in the amount of $206,076.