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
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
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.
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.
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
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 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 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 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
The Coast Guard Foundation, a non-profit organization committed to the education, welfare and morale of all Coast Guard members and their families, announced that its 8th Annual Tribute to the United States Coast Guard’s Fourteenth District will take place on Thursday, March 11, 2010 in Honolulu, Hawaii. Honoring local Coast Guard members who protect coastline shores from the Hawaiian Islands to Guam, the gala’s Chairman is Vic Angoco
The Board of Directors of leading US carrier in the Pacific, Matson Inc., declares its second quarter cash dividend of $0.15 per share. "I am pleased to announce that our Board of Directors have authorized our second quarter 2013 dividend," said Matt Cox
Part of regional boom in third-party logistics providers. Matson Logistics, a leading provider of multimodal transportation, warehousing, and distribution services throughout North America, has established new distribution center space in Savannah.
Matson, Inc., a leading U.S. carrier in the Pacific, declares a first quarter 2013 cash dividend of $0.15 per share. "The strong cash flows generated from our core businesses allow us to support a solid dividend to our shareholders," said Matt Cox
Matson, Inc. agrees to acquire the primary assets formerly owned by Reef Shipping, a South Pacific shipping company based in Auckland, New Zealand. The assets to be acquired include four vessels and approximately 1,500 pieces of container equipment
Matson has announced that Matson Navigation Company, Inc. (Matson) will raise its rates for the company's Hawaii service by $175 per westbound container and $85 per eastbound container, effective January 1, 2013. The increase will be filed with the Surface Transportation Board
Matson Inc. wins 2012 CIO 100 award from CIO magazine for exemplified operational & strategic IT performance . Ocean transportation and logistics company Matson wins the award a second time for its multi-year IT initiative, known as miLogistx
Matson, Inc. announces its second quarter 2012 financial results. The financial results for the second quarter and first six months of 2012 reflect Matson's separation from its former parent corporation, Alexander & Baldwin, Inc., on June 29, 2012
SSA Marine & subsidiary SSA Terminals announce arrival of 3 new Super Post Panamax cranes for Terminal 18, Seattle. Together with the three Super Post Panamax cranes that arrived in December 2011, the cranes represent a $54 million investment by SSA Terminals
- Maersk Line, Ltd., Norfolk, Va., is being awarded a $2,100,000,000 indefinite-delivery/indefinite-quantity fixed-price contract for international ocean and intermodal distribution services. Work will be performed worldwide as specified on each individual order
Eleven merchant shipping companies are awarded US Transportation Command contracts for work expected to end 31, August 2013 The contracts are summarized and listed as follows: Maersk Line, Ltd., Norfolk, Va., is being awarded a $2,100,000
Matson, Inc. begins trading as MATX on NYSE & declares cash dividend Matson, Inc. (NYSE: MATX), the ocean transportation and logistics company, announce that the separation of Alexander & Baldwin Holdings, Inc. into Matson, Inc. and Alexander & Baldwin, Inc
New A&B Will Have a Well-Capitalized Balance Sheet Providing Strong Liquidity and Financial Flexibility; Receives Favorable IRS Ruling on Tax-Free Nature of Planned Separation. Alexander & Baldwin Holdings, Inc. (NYSE: ALEX) ("Company")
Matson finalizes post-separation financing arrangements, maintains strong balance sheet as a stand-alone company Alexander & Baldwin Holdings, successor by merger to Alexander & Baldwin, Inc., has announced that its wholly-owned subsidiary, Matson Navigation Company, Inc
Matson Navigation Company honored with the U.S. Coast Guard's 2012 Rear Admiral William M. Benkert Marine Environmental Award for Excellence The Benkert Award was created to recognize outstanding achievements in marine environmental protection that go beyond mere compliance with
The U.S. Coast Guard announced the award recipients for the 2012 Biennial Rear Admiral William M. Benkert, Marine Environmental Protection Award for Excellence at the American Petroleum Institute Tanker Conference in Orlando, Fla.