PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2023

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

4.          PROPERTY AND EQUIPMENT

Property and equipment as of June 30, 2023 and December 31, 2022 consisted of the following:

	June 30,		December 31,
(In millions)	2023		2022
Cost:
Vessels	$	2,258.6	$	2,278.6
Containers and equipment		789.2		762.7
Terminal facilities and other property		146.7		131.5
New vessel construction in progress		101.1		50.2
Other construction in progress		79.0		65.7
Total Property and Equipment		3,374.6		3,288.7
Less: Accumulated Depreciation		(1,345.6)		(1,326.2)
Total Property and Equipment, net	$	2,029.0	$	1,962.5

New vessel construction in progress at June 30, 2023 and December 31, 2022 includes milestone progress payments, capitalized interest and other costs related to the construction of three new Jones Act vessels.