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MATSON NAVIGATION

BofA Extends Credit to Matson

Bank of America Corp. and five other lenders have approved a combined $325m credit line for Alexander & Baldwin Inc. and its subsidiary Matson Navigation. According to a Securities & Exchange Commission filing, Alexander & Baldwin's portion of the credit line is $225 million, and Matson's is $100 million. The credit lines replace a prior agreement that was due to expire in 2011. Source: Charlotte Journal of Business


Matson To Build Pair of Containerships in Philadelphia

Matson Navigation Company, Inc.'s (Matson)today signed a contract with Kvaerner Philadelphia Shipyard Inc. (KPSI) for the purchase of two new containerships. The diesel-powered vessels, with a capacity for 2,600 containers (twenty-foot equivalent units) each, will cost approximately $110 million per ship, including owner's costs, and will be deployed in the company's Hawaii service when construction is completed in late 2003 and in 2004, respectively.


Matson's New Ship Christened

The new Matson Navigation Co. containership MV Maunalei was christened at the Aker Philadelphia Shipyard. The christening, the traditional kind involving breaking a bottle of champagne, was undertaken by Millie Akaka, wife of Sen. Daniel Akaka. Also on hand were Hawaii Rep. Neil Abercrombie and Guam Rep. Madeleine Bordallo. The MV Maunalei is the fourth new containership built by the shipyard for Matson in the past four years


Lauer Joins Matson as Director, Transpacific Services

John P. Lauer has joined Matson Navigation Company as director, Transpacific services, for Matson's China - Long Beach Express. Lauer will lead Matson's U.S. sales efforts for its burgeoning China - Long Beach Express service and will focus on trade lane yield management and revenue enhancement strategies in conjunction with other Matson operations. He will report to Dave Hoppes, senior vice president, ocean services.


Andrasick Appointed President and CEO of Matson

James S. Andrasick has been named president and chief executive officer of Matson Navigation Company,Inc., the largest subsidiary of Alexander & Baldwin, Inc. The appointment is effective August 1, 2003. Andrasick had been serving in that position on an interim basis since July 1, 2002. He will continue as executive vice president of A&B, holding interim chief financial officer responsibilities at the parent company until a replacement is named in


Mulholland Retires from Matson and A&B

After more than 38 years of service, C. Bradley Mulholland will retire, effective January 1, 2004, from both Matson Navigation Company, Inc., which he serves as vice chairman of the board. He also will retire from his position as executive vice president of Alexander & Baldwin, Inc., Matson’s parent company, and from director positions on the boards of both companies. Mulholland joined Matson in 1965 and served in a variety of increasingly responsible positions throughout the company


Matson Vessel to Undergo $17m Conversion

Matson Signs $17m Contract with Atlantic Marine Alabama for C-9 Conversion Matson Navigation Company, Inc. (Matson) has signed a $17m contract with Atlantic Marine Alabama, LLC to perform work related to the conversion of Matson’s C-9, MV Mokihana, to a combination RoRo and container vessel. Modification work on the 2,800 TEU containership will commence in April 2007 at Atlantic Marine’s shipyard in Alabama, with delivery scheduled for June 2007.


Matson Fined $3M For Bilge Violation

Matson Navigation Co. will pay $3 million in fines after admitting it illegally dumped bilge water that may have been contaminated with waste oil, the U.S. Attorney in Seattle said. San Francisco-based Matson, a unit of Honolulu-based Alexander & Baldwin Inc. specializing in moving cargo between the U.S. West Coast and Hawaii, will also be placed on probation for three years, U.S. Attorney Kate Pflaumer said in a release.


Matson to Convert Containership

Matson Navigation Company, Inc. (Matson) has begun the first conversion of one of its C-9 containerships, MV Mokihana, to a combination roll-on/roll-off (ro-ro) and container vessel to further strengthen its Hawaii service capabilities. With the conversion, the vessel will have ro-ro and container capacity comparable to two vessels in Matson's service today, the dedicated ro-ro vessel Great Land and the containership S.S. Lihue. The new garage will have the capacity to carry 1,350 vehicles


US$2-Million Jones Act Settlement for Seaman

S.S. Cape Jacob: Photo Wiki CCL

Houston-based maritime law firm Schechter, McElwee, Shaffer & Harris recently obtained what is believed to be one of the largest settlements paid by the United States to a Jones Act seaman. According to court documents, their client, a 58-year-old seaman was working aboard the S.S. Cape Jacob, a military supply ship owned by the United States and operated by private contractor Matson Navigation, Inc.The vessel was docking in the port of Jangu, South Korea, on Aug


Heilmann Takes Over for Retiring Matson Senior VP

Peter Heilmann

Matson, Inc., a U.S. carrier in the Pacific, announced today that Kevin O'Rourke, senior vice president and chief legal officer, is retiring after 21 years with Matson.  O'Rourke will be succeeded by Peter Heilmann, who has been promoted to senior vice president and chief legal officer


Matson Show Confidence with Q1 2014 Dividend Payout

Image courtesy of Matson

The Board of Directors of Matson, Inc. a leading U.S. carrier in the Pacific, has declared a first quarter 2014 dividend of $0.16 per common share. "Today's declaration reflects the solid foundation of our core businesses and the continued confidence we hold in our ability to generate


Matson Closes $100 Million Debt Private Placement

Matson, Inc., a U.S. carrier in the Pacific, announced the issuance today of $100 million in 30-year final maturity senior unsecured notes pursuant to a previously announced private placement on November 6, 2013. The notes have a weighted average life of approximately 14


Aker Starts Building First Product Tanker for Crowley

Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), began production activities today on the first product tanker that it is building for its joint venture with Crowley. Crowley and APSI have signed contracts for the first four


More Matson Rates to Increase

20130813232138ENPRNPRN-MATSON-LOGO-0605-1y-1-1-1376436098MR.jpg

Matson, Inc., a U.S. carrier in the Pacific, announced that Matson Navigation Company, Inc. (Matson) will raise its rates for the company's Guam/Commonwealth of the Northern Marianas Islands (CNMI) and Micronesia services by $275 for both westbound and eastbound containers, effective January 26


Matson Increases Westbound Hawaii Service Rates

Matson, Inc., a U.S. carrier in the Pacific, announced today that Matson Navigation Company, Inc. will raise its rates for the company's Hawaii service by $175 per westbound container and $85 per eastbound container, effective January 5, 2014


Matson Orders Engines for New Containerships

Artists depiction of 3,600 TEU containerships

Matson Navigation Company, Inc., a U.S. carrier in the Pacific Ocean, announced an order today for two MAN B&W, 7S90ME-GI dual fuel engines with liquefied natural gas (LNG) capability to be installed aboard two new “Aloha Class” 3


Matson Newbuildings Opt for MAN Dual-fuel Engines

Dual fuel S90MEGI engine: Image credit MAN

Matson Navigation Company has placed an order for two 3,600 TEU container ships, powered by two MAN B&W 7S90ME-GI dual-fuel engines. The deal includes an option for three further vessels.
 
The engines are the largest dual-fuel engines ever ordered in terms of power output with each engine


Doyle Talks LNG, Exports, Panama Canal with Japanese Officials

From left: Kazuhiro Yokoi (Chubu Electric Power Company), David Tubman (FMC), Yoshiro Taguchi (Japanese Embassy), Hidehiro Muramatsu (Japan Oil, Gas, and Metals National Corp.), William Doyle (FMC Commissioner), Takashi Horie (Mitsubishi), and Nobukazu Nagai (Japan International Transport Institute, USA).

Earlier this week, Commissioner William P. Doyle met with Japanese public and private sector officials to discuss U.S. natural gas, exports, and the Panama Canal. Japan is the world's largest importer of liquefied natural gas (LNG). The country has relied on imported natural gas for decades as


Matson Enters Private Placement Agreement

Matson, Inc., a U.S. carrier in the Pacific, announced that it has entered into a private placement agreement pursuant to which Matson will issue $100 million of 30-year senior unsecured notes. The notes will have a weighted average life of approximately 14


Matson, Aker Ink Shipbuilding Deal

Artists Depiction of 3,600 TEU containerships

Matson Signs Contract With Aker Philadelphia Shipyard For Two New "Aloha Class" Containerships, First Ship To Be Named The Daniel K. Inouye. Matson, Inc., a U.S. carrier in the Pacific, announced today that its subsidiary, Matson Navigation Company, Inc


Matson Declare Q3 2013 Dividend

The Board of Directors of Matson, Inc. a leading U.S. carrier in the Pacific, has declared a third quarter dividend of $0.16 per common share. "Today's dividend declaration reflects the solid foundation of our core businesses and the continued confidence we hold in our ability to generate


Matson Set Date fo Q3 2013 Financial Release

Matson logo

The Board of Directors of Matson, a leading U.S. carrier in the Pacific, announced that it will release its financial results for the Third Quarter 2013 on Wednesday, November 6, 2013. President and Chief Executive Officer Matthew Cox and Senior Vice President and Chief Financial Officer Joel


Matson, Matson Logistics, Win 'Quest for Quality' Awards

Matson logo

Matson, Inc. a leading U.S. carrier in the Pacific, announced today that both Matson Navigation Company, Inc. (Matson) and Matson Logistics, Inc. (Matson Logistics) have been honored with Logistics Management magazine's Quest for Quality award.


Matson Increase Shareholder Dividend

Company logo

Leading U.S. carrier in the Pacific, Matson, declared a third quarter dividend of $0.16 per common share, a 1% increase over previous quarter. "In recognition of the continued soundness of Matson's businesses and our strong financial position


 
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