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W Allen Doane News

02 Jan 2004

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, ultimately being named president and chief operating officer of Matson in 1990, and then president and chief executive officer in 1992. He became vice-chairman of the board in 2002.

20 Jul 2004

Matson Containership MV Maunawili Christened in Philadelphia

Matson Navigation Company, Inc.'s new containership MV Maunawili was christened Saturday, July 17 at Kvaerner Philadelphia Shipyard, Inc. (KPSI) by Ms. Maryanna G. Shaw, great grand-daughter of Samuel T. Alexander, one of the founders of Matson's parent company, Alexander and Baldwin, Inc. (A&B). The vessel is the second of a two-ship, $220 million contract with KPSI. Among those present for the ceremony will be Charles M. Stockholm, chairman of the board, A&B, Allen Doane, president and CEO, A&B, James Andrasick, president and CEO, Matson, and the event's keynote speaker, Lt.

18 Jul 2002

A&B Reports 2Q Results

Alexander & Baldwin, Inc. has reported second quarter 2002 net income of $13,197,000, or $0.32 per share. Net income in the second quarter of 2001 was $24,514,000, or $0.61 per share, including a one-time gain of $0.23 per share on the sale of marketable bank securities. Revenue in the second quarter of 2002 was $279,185,000, compared with revenue of $293,012,000 in the second quarter of 2001. Net income for the first half of 2002 was $23,004,000, or $0.56 per share. For the first half of 2001, the Company reported net income of $46,948,000, or $1.16 per share. Revenue in the first half of 2002 was $512,972,000, compared with $567,793,000 in the first half of 2001.

30 Oct 2006

Matson Says its China Service is Profitable

Matson Navigation Co. Inc., the Oakland, Calif.-based maritime shipping subsidiary of Honolulu-based A&B posted 7 percent more third-quarter revenue but 7 percent lower operating profit. That still meant a profit above $34 million, however. The China service, launched early this year, carried more than 10,000 containers, triple Guam traffic and almost a quarter of Hawaii traffic. "The contributions from Matson's China service increased from the prior quarter, and the service is profitable," said Allen Doane, CEO of the parent company. Everything is measured against projections, however, and Doane said even this performance was lower than "planned levels" as favorable container volumes were more than offset by lower rates and higher fuel and intermodal rail costs.

16 Oct 2006

A&B Issues Statement on Hawaii Earthquake

Alexander & Baldwin, Inc. "As many of you are aware, an earthquake struck the Hawaiian Islands this morning. The undersea quake, which was centered off of the island of Hawaii (the "Big Island"), struck at 7:07 am local time and was followed by a series of smaller aftershocks. Thankfully, initial reports indicate that casualties were limited and that there were no fatalities. As always, A&B stands ready to assist and support its employees, customers and fellow Hawaii citizens in dealing with the aftermath of the quake. "Fortunately, A&B's operations and real estate properties avoided any serious interruptions or damage as a result of the earthquake, and our terminal operations and agricultural facilities continue to operate.

12 Jul 2006

Aker Philly Delivers Containership to Matson

Matson Navigation Company, Inc. announced that its newest containership, MV Maunalei, has been delivered to the company by Aker Philadelphia Shipyard. The delivery of the Maunalei represents the completion of a historic four ship modernization and replacement strategy, following the delivery of the Manukai in 2003, the Maunawili in 2004, and the Manulani in 2005. "Having added only one new ship to the Matson fleet between 1983 and 2002, the four new vessels with a capital cost of over $500 million are essential to the current and future success of Matson," said W. Allen Doane, the Chairman of Matson and the Chairman and CEO of its parent company, Alexander & Baldwin. "The average age of Matson's ships was 25 years before the first ship was delivered in 2003.

14 Jul 2003

MV Manukai Christened in Philadelphia

Matson Navigation Company, Inc.’s (Matson) new containership MV Manukai was christened today by Margaret Inouye, wife of Senator Daniel K. Inouye of Hawaii, at a ceremony held at Philadelphia Kvaerner Shipyard, Inc. (KPSI). The vessel is the first of a two-ship, $220 million contract with KPSI. Among those present for the ceremony were Senator Inouye, Governor Edward G. Rendell of Pennsylvania, Charles M. Stockholm, chairman of the board, Alexander and Baldwin, Inc., and Allen Doane, president and CEO, Alexander and Baldwin, Inc., and chairman of the board, Matson. The Manukai is the first new Matson vessel built since 1992, when the MV R. J. Pfeiffer entered the company’s service, and the first new Matson ship of the 21st century.