| Schedule of vessels' cost, accumulated depreciation and changes thereto |
Vessels' cost, accumulated depreciation and changes thereto were as follows (in thousands):
|
|
|
Vessel Cost
|
|
Accumulated
Depreciation
|
|
Net Book
Value
|
|
|
As of January 1, 2013
|
|
$
|
4,576,106
|
|
$
|
(589,968
|
)
|
$
|
3,986,138
|
|
|
Additions
|
|
|
46,839
|
|
|
(137,414
|
)
|
|
(90,575
|
)
|
|
Disposals
|
|
|
(172,226
|
)
|
|
119,280
|
|
|
(52,946
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2013
|
|
$
|
4,450,719
|
|
$
|
(608,102
|
)
|
$
|
3,842,617
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions
|
|
|
39,165
|
|
|
(137,061
|
)
|
|
(97,896
|
)
|
|
Disposals
|
|
|
(120,376
|
)
|
|
75,769
|
|
|
(44,607
|
)
|
|
Impairment Loss
|
|
|
(75,776
|
)
|
|
—
|
|
|
(75,776
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2014
|
|
$
|
4,293,732
|
|
$
|
(669,394
|
)
|
$
|
3,624,338
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i.
|
On February 13, 2013, the Company sold the Independence. The gross sale consideration was $7.0 million. The Independence was 26 years old.
|
|
ii.
|
On February 28, 2013, the Company sold the Henry. The gross sale consideration was $6.1 million. The Henry was 27 years old.
|
|
iii.
|
On March 25, 2013, the Company sold the Pride. The gross sale consideration was $6.5 million. The Pride was 25 years old.
|
|
iv.
|
On May 14, 2013, the Company sold the Honour. The gross sale consideration was $9.1 million. The Honour was 24 years old.
|
|
v.
|
On May 14, 2013, the Company acquired a 2,452 TEU containership, the Amalia C, built in 1998 for a contract price of $6.6 million.
|
|
vi.
|
On June 13, 2013, the Company sold the Elbe. The gross sale consideration was $5.6 million. The Elbe was 22 years old.
|
|
vii.
|
On June 25, 2013, the Company acquired a 2,602 TEU containership, the Niledutch Zebra (renamed to MSC Zebra), built in 2001 for a contract price of $10.1 million.
|
|
viii.
|
On October 3, 2013, the Company sold the Hope. The gross sale consideration was $8.0 million. The Hope was 24 years old.
|
|
ix.
|
On October 22, 2013, the Company sold the Kalamata. The gross sale consideration was $5.6 million. The Kalamata was 23 years old.
|
|
x.
|
On October 25, 2013, the Company sold the Lotus. The gross sale consideration was $6.8 million. The Lotus was 25 years old.
|
|
xi.
|
On November 12, 2013, the Company sold the Komodo. The gross sale consideration was $5.8 million. The Komodo was 23 years old.
|
|
xii.
|
On November 13, 2013, the Company acquired a 2,524 TEU containership, the Danae C (renamed to Niledutch Palanca), built in 2001 for a contract price of $11.9 million.
|
|
xiii.
|
On November 21, 2013, the Company acquired a 3,430 TEU containership, the Dimitris C, built in 2001 for a contract price of $14.9 million.
|
|
xiv.
|
On February 26, 2014, the Company sold and delivered the Marathonas. The gross sale consideration was $11.5 million. The Marathonas was 23 years old. Refer to Note 19, Sale of Vessels.
|
|
xv.
|
On April 25, 2014, the Company sold and delivered the Commodore. The gross sale consideration was $11.1 million. The Commodore was 22 years old. Refer to Note 19, Sale of Vessels.
|
|
xvi.
|
On May 15, 2014, the Company sold and delivered the Duka. The gross sale consideration was $11.0 million. The Duka was 22 years old. Refer to Note 19, Sale of Vessels.
|
|
xvii.
|
On May 15, 2014, the Company sold and delivered the Mytilini. The gross sale consideration was $12.0 million. The Mytilini was 23 years old. Refer to Note 19, Sale of Vessels.
|
|
xviii.
|
On May 20, 2014, the Company sold and delivered the Messologi. The gross sale consideration was $12.1 million. The Messologi was 23 years old. Refer to Note 19, Sale of Vessels.
|
|
|
|
|
xix.
|
On November 5, 2014, the Company acquired a 6,402 TEU containership, the MOL Performance, built in 2002 for a contract price of $18.25 million.
|
|
|
|
|
xx.
|
On November 5, 2014, the Company acquired a 6,402 TEU containership, the MOL Priority, built in 2002 for a contract price of $18.25 million.
|
|