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PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2014
PROPERTY AND EQUIPMENT  
Schedule of property and equipment

 

 

 

As of December 31, 2014

 

 

 

Cost

 

Accumulated
Depreciation

 

Net Book
Value

 

Vessels

 

$

1,263.8 

 

$

757.7 

 

$

506.1 

 

Containers and equipment

 

466.8 

 

316.1 

 

150.7 

 

Terminal facilities and other property

 

39.2 

 

33.2 

 

6.0 

 

Construction in progress

 

28.4 

 

 

28.4 

 

Total

 

$

1,798.2 

 

$

1,107.0 

 

$

691.2 

 

                                                                                                                                                                        

 

 

As of December 31, 2013

 

 

 

Cost

 

Accumulated
Depreciation

 

Net Book
Value

 

Vessels

 

$

1,260.2 

 

$

718.1 

 

$

542.1 

 

Containers and equipment

 

470.6 

 

310.4 

 

160.2 

 

Terminal facilities and other property

 

38.9 

 

30.9 

 

8.0 

 

Construction in progress

 

25.1 

 

 

25.1 

 

Total

 

$

1,794.8 

 

$

1,059.4 

 

$

735.4 

 

 

Schedule of depreciation expense

 

 

 

Years Ended December 31,

 

 

 

2014

 

2013

 

2012

 

Depreciation Expense

 

$

66.8 

 

$

67.4 

 

$

70.6