Ships Ahoy!

Matson Inc.plans to spend $400 million in the next few years on two new vessels

By Andrew Gomes

POSTED: 01:30 a.m. HST, Nov 25, 2012

~~<p>When Matson Navigation Co. split off from Alexander & Baldwin Inc. earlier this year, it updated its name to Matson Inc. Now Hawaii’s largest ocean cargo transportation firm is looking ahead to update its fleet.</p>
<p>Honolulu-based Matson plans to spend $400 million in the next three to five years on two new ships that would improve operating efficiencies and significantly reduce the average age of its 13-ship fleet.</p>
~~

When Matson Navigation Co. split off from Alexander & Baldwin Inc. earlier this year, it updated its name to Matson Inc. Now Hawaii’s largest ocean cargo transportation firm is looking ahead to update its fleet.

Honolulu-based Matson plans to spend $400 million in the next three to five years on two new ships that would improve operating efficiencies and significantly reduce the average age of its 13-ship fleet. Login for more...