PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2023

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

4.          PROPERTY AND EQUIPMENT

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

	September 30,		December 31,
(In millions)	2023		2022
Cost:
Vessels	$	2,260.4	$	2,278.6
Containers and equipment		800.3		762.7
Terminal facilities and other property		147.7		131.5
New vessel construction in progress		102.3		50.2
Other construction in progress		117.4		65.7
Total Property and Equipment		3,428.1		3,288.7
Less: Accumulated Depreciation		(1,369.6)		(1,326.2)
Total Property and Equipment, net	$	2,058.5	$	1,962.5

New vessel construction in progress at September 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.