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Property and equipment (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Property and equipment

As of December 31, 2023 and December 31, 2022, the Company’s property and equipment, net consisted of the following (in thousands):

 

December 31, 2023

 

 

December 31, 2022

 

Vessels

$

2,487,322

 

 

$

2,225,123

 

Buoy and pipeline

 

15,568

 

 

 

17,130

 

Finance lease right-of-use assets

 

40,007

 

 

 

40,007

 

Other equipment

 

18,366

 

 

 

17,469

 

Assets in progress

 

93,341

 

 

 

77,983

 

Less accumulated depreciation

 

(1,004,825

)

 

 

(922,029

)

Property and equipment, net

$

1,649,779

 

 

$

1,455,683