Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

News reports: APM could exit Tacoma

Reported at Maritime Link:

APM Terminals Tacoma has received notification from Matson, Inc., its main customer, that Matson does not intend to renew its current terminal services agreement after its expiration on December 31, 2017.

Accordingly, APM Terminals is evaluating all options with respect to its existing terminal lease, which is currently set to expire […]

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Hawaii shipper Matson reports lower Q4 profit

From the Pacific Business Journal:

Matson Inc., Hawaii’s largest shipper, reported fourth quarter net income of $19.4 million, or 44 cents per diluted share, compared to $26.6 million, or 60 cents per diluted share, for the comparable quarter in 2015.

Matson attributed the lower earnings for the quarter to an increase in bunker fuel prices […]

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Matson orders two new shipping vessels at a cost of $511M

Artist rendering of the new Matson ship design. Each ship will be 869 feet long and 115 feet wide at the beam with a deep draft of 38 feet and enclosed garage space for up to 800 vehicles.

Matson Inc. has announced that its subsidiary Matson Navigation Co. Inc. has contracted with General Dynamics […]

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Hawaii shipping company Matson to acquire Span Alaska

Hawaii’s largest shipping company, Matson Inc., said Monday it will acquire Span Alaska Transportation LLC in an effort to expand its Alaska service offerings.

Matson’s subsidiary Matson Logistics Inc. will acquire 100 percent of the equity of Span Alaska for a cash purchase price $197.6 million. The deal is expected to close in the third […]

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Matson profit jumps 46 percent

Hawaii’s largest ocean cargo transportation company had a record profit last year, earning more than $103 million.

Honolulu-based Matson announced Tuesday that its earnings last year were up 46 percent from $70.8 million the previous year. The company managed to hit a record year even after reporting a lower fourth-quarter income in 2015 than in […]

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Mechanical problems hold back Alaska-bound ship in Tacoma

The North Star, one of the company’s two cargo ships that runs regularly on the Tacoma-to-Anchorage route, did not leave Washington state as scheduled on Jan. 14 after a mechanical issue was discovered.

From an article titled ‘Delay continues for Alaska-bound cargo ship’ in the Alaska Dispatch News:

A Tote Maritime Alaska ship […]

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Heavy weather, high seas cause 12 containers to drop from ship near SF Bay

One container has been located as it washed ashore at Baker Beach in San Francisco. The authorities continue the search for the remaining containers.

In the evening hours of Friday, twelve containers were washed overboard of the container ship Manoa, owned by US-based shipping company Matson Navigation Co, due to heavy weather and seas, […]

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Emissions control tech developed at Port of Long Beach gets approval

State air quality regulators have given their approval to emissions-control technology that has been developed at Port of Long Beach to help shippers comply with increasingly strict emissions standards for California’s seaports.

The technology is known as Advanced Maritime Emission Control System, or AMECS. The Carson-based Advanced Cleanup Technologies Inc. developed the technology with some […]

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Guam gets new shipping route via Japan

Global shipping line APL is entering the local market to give Guam and Saipan customers a choice to ship goods to and from the U.S. mainland via Japan beginning on Nov. 24.

Apart from facilitating cargo shipments from the U.S. mainland, where about 75 percent of Guam’s inbound freight originates, the Guam-Saipan Express connection in […]

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Matson agrees to stop beaching ships

Shipbreaking operation in Bangladesh, where child labor is rampant. Matson has committed to look elsewhere for ship recycling in the future, a goal human rights activists hope other shipping lines will emulate.

American boxline Matson has agreed to stop beaching its ships for recycling in India, Pakistan and Bangladesh. Its last ship due for […]

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Matson adds huge gantry crane for Alaska operations

The largest of its kind in Alaska, the electrically-powered gantry crane is more than 340 feet tall with a boom spanning 164 feet, capable of lifting loads up to 60 feet long and weighing up to 145,000 pounds. Roni Toldanes photo

Following on its acquisition of Horizon Lines’ non-Hawaiian business, Jones Act shipping company Matson, […]

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Matson secures attractive new financing arrangements

Matson, Inc has entered into a private placement agreement pursuant to which Matson expects to issue $75 million of 30-year senior unsecured notes. The Notes will have a weighted average life of approximately 13 years and will bear interest at a rate of 3.92 percent, payable semi-annually, the company said in a press release.

The […]

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Matson to end Hawaii molasses operation, pay $15.4 million

The biggest shipping company serving Hawaii will end its molasses operation in the state and pay millions of dollars as compensation for spilling 1,400 tons of the sugary substance in Honolulu Harbor.

State Attorney General Doug Chin on Wednesday called the $15.4 million settlement with Hawaii-based Matson Navigation Co. one of the largest for an […]

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Matson overhauling Its Alaska Operations

Photo from Matson’s web site offering service to Alaska. Matson has earmarked more than USD 30 million to invest in new equipment planned by Horizon prior to its acquisition.

U. S. carrier Matson, Inc. is pushing ahead with its plans to fund improvements in its new Alaska operations following its acquisition of Horizon Lines’ […]

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'Dock drama was good for Matson'

The Honolulu-based shipping company, reporting higher quarterly and annual profits Tuesday, revealed that port congestion led to more business for Matson’s China Express.

From Hawaii News Now:

In economics, when someone loses, someone else wins. But it’s still astonishing to note that the West Coast longshore contract drama, which snarled shipping, helped Matson Inc.

“The […]

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