PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2024

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

5.          PROPERTY AND EQUIPMENT

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

	September 30,		December 31,
(In millions)	2024		2023
Cost:
Vessels	$	2,398.2	$	2,323.4
Containers and equipment		880.4		845.0
Terminal facilities and other property		149.2		148.0
New vessel construction in progress		142.9		103.1
Other construction in progress		87.5		67.7
Total Property and Equipment		3,658.2		3,487.2
Less: Accumulated Depreciation		(1,467.6)		(1,397.3)
Total Property and Equipment, net	$	2,190.6	$	2,089.9

New vessel construction in progress at September 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.