PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2024

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

5.          PROPERTY AND EQUIPMENT

Property and equipment as of March 31, 2024 and December 31, 2023 consisted of the following:

	March 31,		December 31,
(In millions)	2024		2023
Cost:
Vessels	$	2,329.3	$	2,323.4
Containers and equipment		859.5		845.0
Terminal facilities and other property		148.9		148.0
New vessel construction in progress		104.3		103.1
Other construction in progress		93.9		67.7
Total Property and Equipment		3,535.9		3,487.2
Less: Accumulated Depreciation		(1,420.2)		(1,397.3)
Total Property and Equipment, net	$	2,115.7	$	2,089.9

New vessel construction in progress at March 31, 2024 and December 31, 2023 includes milestone progress payments, capitalized interest and other costs related to the construction of three new Jones Act vessels.