PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2016

PROPERTY AND EQUIPMENT

Schedule of property and equipment

Property and equipment at December 31, 2016 and 2015, and depreciation expense in the three years ended December 31, 2016 includes the following (in millions):

	As of December 31, 2016
			Accumulated
	Cost		Depreciation		Net Book Value
Vessels	$	1,416.1	$	840.7	$	575.4
Containers and equipment		536.9		326.7		210.2
Terminal facilities and other property		43.2		35.3		7.9
Vessel construction in progress		124.5		—		124.5
Other construction in progress		31.2		—		31.2
Total	$	2,151.9	$	1,202.7	$	949.2

	As of December 31, 2015
			Accumulated
	Cost		Depreciation		Net Book Value
Vessels	$	1,384.8	$	787.4	$	597.4
Containers and equipment		496.0		307.8		188.2
Terminal facilities and other property		42.0		33.4		8.6
Vessel construction in progress		30.0		—		30.0
Other construction in progress		36.1		—		36.1
Total	$	1,988.9	$	1,128.6	$	860.3

Schedule of depreciation expense

	Years Ended December 31,
	2016		2015		2014
Depreciation Expense	$	86.0	$	76.4	$	66.8