PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2017

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

4.          PROPERTY AND EQUIPMENT

Property and equipment at September 30, 2017 and December 31, 2016 consisted of the following:

	September 30,		December 31,
(In millions)	2017		2016
Cost:
Vessels	$	1,430.8	$	1,416.1
Containers and equipment		543.2		536.9
Terminal facilities and other property		58.9		43.2
Vessel construction in progress		296.7		124.5
Other construction in progress		26.9		31.2
Total Property and Equipment		2,356.5		2,151.9
Less: Accumulated Deprecation		(1,257.3)		(1,202.7)
Total Property and Equipment, net	$	1,099.2	$	949.2

Vessel construction in progress relates to progress payments paid for the construction of four new vessels to be used within the Hawaii service, and includes capitalized interest of $7.4 million and $2.9 million at September 30, 2017 and December 31, 2016, respectively.