PROPERTY, PLANT & EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2012

PROPERTY, PLANT & EQUIPMENT [Abstract]

Property, plant and equipment consisted of the following:

		For the Year ended December 31
(Amounts in thousands)		2012		2011
Pure Car/Truck Carriers	$	132,393	$	290,830
Special Purpose vessels		59,462		59,479
Coal Carrier		92,771		92,771
Tanker		8,009		8,009
Bulk Carriers		200,537		130,616
Tug and Barge Units		32,000		-
Non-vessel related property, plant and equipment		39,796		35,500
		564,968		617,205
Less: Accumulated depreciation		(151,318)		(171,820)
		413,650		445,385
Construction-in-progress (vessel and non-vessel)		10		20,729
	$	413,660	$	466,114

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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