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PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2025

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

5.          PROPERTY AND EQUIPMENT

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Property and equipment as of September 30, 2025 and December 31, 2024 consisted of the following:

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​	​	​	​	​	​	​
​	​	September 30,		​	December 31,
(In millions)		2025			2024
Cost:	​	​	​	​	​	​
Vessels	​	$	2,502.7	​	$	2,475.2
Containers and equipment	​	​	942.7	​	​	883.8
Terminal equipment and other property	​	​	171.0	​	​	152.3
New vessel construction in progress	​	​	340.5	​	​	198.8
Other construction in progress	​	​	40.2	​	​	42.6
Total Property and Equipment	​	​	3,997.1	​	​	3,752.7
Less: Accumulated Depreciation	​	​	(1,588.8)	​	​	(1,491.8)
Total Property and Equipment, net	​	$	2,408.3	​	$	2,260.9

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New vessel construction in progress at September 30, 2025 and December 31, 2024 includes milestone progress payments, capitalized interest and other costs related to the construction of three new Jones Act vessels.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-7

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