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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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, […]
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 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 […]
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’ […]
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.