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GOODWILL AND INTANGIBLES ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2020
GOODWILL AND INTANGIBLES ASSETS |
Schedule of goodwill | Goodwill by segment as of December 31, 2020 and 2019 consists of the following:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Ocean | ​ | ​ | ​ | ​ | ​ | ​
(In millions) |  | Transportation |  | Logistics |  | Total
Goodwill | ​ | $ | 222.6 | ​ | $ | 105.2 | ​ | $ | 327.8
Schedule of intangible assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, 2020 |  | ​ | As of December 31, 2019 |
​ | ​ | Gross | ​ | Accumulated | ​ | ​ | ​ |  | ​ | Gross | ​ | Accumulated | ​ | ​ | ​ |
(In millions) |  | Amount |  | Amortization |  | Net Book Value |  |  | Amount |  | Amortization |  | Net Book Value |
Ocean Transportation - Customer relationships | ​ | $ | 140.6 | ​ | $ | 37.9 | ​ | $ | 102.7 | ​ | ​ | $ | 140.6 | ​ | $ | 31.2 | ​ | $ | 109.4 | ​
Logistics: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Customer relationships | ​ | ​ | 90.1 | ​ | ​ | 28.1 | ​ | ​ | 62.0 | ​ | ​ | ​ | 90.1 | ​ | ​ | 23.9 | ​ | ​ | 66.2 | ​
Trade name | ​ |  | 27.3 | ​ | ​ | — | ​ | ​ | 27.3 | ​ | ​ |  | 27.3 | ​ | ​ | — | ​ | ​ | 27.3 | ​
Total Logistics | ​ |  | 117.4 | ​ | ​ | 28.1 | ​ | ​ | 89.3 | ​ | ​ |  | 117.4 | ​ | ​ | 23.9 | ​ | ​ | 93.5 | ​
Total | ​ | $ | 258.0 | ​ | $ | 66.0 | ​ | $ | 192.0 | ​ | ​ | $ | 258.0 | ​ | $ | 55.1 | ​ | $ | 202.9 | ​
Schedule of intangible asset related amortization expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31, |
(In millions) |  | 2020 |  | 2019 |  | 2018 |
Amortization expense | ​ | $ | 10.9 | ​ | $ | 11.1 | ​ | $ | 11.2 | ​
Schedule of estimated amortization expenses related to intangible assets | As of December 31, 2020, estimated amortization expense related to customer relationship intangible assets during the next five years and thereafter is as follows:
​ | ​ | ​ | ​ | ​
​ | ​ | Customer | ​
Year (in millions) | ​ | Relationships |
2021 | ​ | $ | 10.9 | ​
2022 | ​ |  | 10.7 | ​
2023 | ​ |  | 10.7 | ​
2024 | ​ |  | 10.7 | ​
2025 | ​ |  | 10.7 | ​
Thereafter | ​ |  | 111.0 | ​
Total | ​ | $ | 164.7 | ​

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