v3.25.1
Property and equipment, net (Tables)
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property and equipment

As of March 31, 2025 and December 31, 2024, the Company’s property and equipment, net consisted of the following (in thousands):

 

March 31, 2025

 

 

December 31, 2024

 

Vessels and related equipment

$

2,537,401

 

 

$

2,535,748

 

Finance lease right-of-use assets

 

40,007

 

 

 

40,007

 

Other equipment

 

24,460

 

 

 

25,359

 

Assets in progress

 

158,334

 

 

 

112,429

 

Less accumulated depreciation

 

(1,110,527

)

 

 

(1,090,647

)

Property and equipment, net

$

1,649,675

 

 

$

1,622,896