PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2023

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

4.          PROPERTY AND EQUIPMENT

Property and equipment as of March 31, 2023 and December 31, 2022 consisted of the following:

	March 31,		December 31,
(In millions)	2023		2022
Cost:
Vessels	$	2,263.4	$	2,278.6
Containers and equipment		778.6		762.7
Terminal facilities and other property		133.1		131.5
New vessel construction in progress		50.6		50.2
Other construction in progress		80.8		65.7
Total Property and Equipment		3,306.5		3,288.7
Less: Accumulated Depreciation		(1,339.4)		(1,326.2)
Total Property and Equipment, net	$	1,967.1	$	1,962.5

New vessel construction in progress at March 31, 2023 and December 31, 2022 includes milestone progress payments and capitalized interest, and other costs related to the construction of three new Jones Act vessels.