PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2018

PROPERTY AND EQUIPMENT

Schedule of property and equipment

	As of December 31, 2018						As of December 31, 2017
			Accumulated						Accumulated
(In millions)	Cost		Depreciation		Net Book Value		Cost		Depreciation		Net Book Value
Vessels	$	1,489.2		847.1	$	642.1	$	1,433.6	$	893.2	$	540.4
Containers and equipment		513.6		362.9		150.7		543.0		349.0		194.0
Terminal facilities and other property		66.0		38.6		27.4		64.8		36.3		28.5
Vessel construction in progress		487.2		—		487.2		376.6		—		376.6
Other construction in progress		59.2		—		59.2		26.2		—		26.2
Total	$	2,615.2	$	1,248.6	$	1,366.6	$	2,444.2	$	1,278.5	$	1,165.7

Schedule of depreciation expense

	Years Ended December 31,
(In millions)	2018		2017		2016
Depreciation expense	$	80.5	$	86.7	$	86.0