PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2024

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

5.          PROPERTY AND EQUIPMENT

Property and equipment as of June 30, 2024 and December 31, 2023 consisted of the following:

	June 30,		December 31,
(In millions)	2024		2023
Cost:
Vessels	$	2,331.6	$	2,323.4
Containers and equipment		861.8		845.0
Terminal facilities and other property		148.9		148.0
New vessel construction in progress		141.3		103.1
Other construction in progress		115.2		67.7
Total Property and Equipment		3,598.8		3,487.2
Less: Accumulated Depreciation		(1,447.6)		(1,397.3)
Total Property and Equipment, net	$	2,151.2	$	2,089.9

New vessel construction in progress at June 30, 2024 and December 31, 2023 includes milestone progress payments, capitalized interest and other costs related to the construction of three new Jones Act vessels.