PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2015

PROPERTY AND EQUIPMENT

Schedule of property and equipment

	As of December 31, 2015
	Cost		Accumulated Depreciation		Net Book Value
Vessels	$	1,384.8	$	787.4	$	597.4
Containers and equipment	496.0		307.8		188.2
Terminal facilities and other property	42.0		33.4		8.6
Construction in progress	66.1		—		66.1
Total	$	1,988.9	$	1,128.6	$	860.3

	As of December 31, 2014
	Cost		Accumulated Depreciation		Net Book Value
Vessels	$	1,263.8	$	757.7	$	506.1
Containers and equipment	466.8		316.1		150.7
Terminal facilities and other property	39.2		33.2		6.0
Construction in progress	28.4		—		28.4
Total	$	1,798.2	$	1,107.0	$	691.2

Schedule of depreciation expense

	Years Ended December 31,
	2015		2014		2013
Depreciation Expense	$	76.4	$	66.8	$	67.4