Matson, Inc - Experts & Thought Leaders

A fleet of 33 new human-operated, zero-emissions battery-electric yard tractors were officially unveiled Wednesday at a Port of Long Beach container terminal where the cargo-handling machines have replaced traditional gasoline and diesel-powered models. START project The deployment–the largest of its kind on the West Coast–was led by terminal operator SSA Terminals LLC, a joint venture between SSA Marine and Matson Navigation Company. It is partially funded by a $50 million grant from the California Air Resources Board for the Sustainable Terminals Accelerating Regional Transformation, or START project, a sweeping, transformative demonstration of a near-zero and zero-emissions supply chain. The START project is part of California Climate Investments, a statewide initiative that puts billions in cap-and-trade dollars to work by reducing greenhouse gas emissions, strengthening the economy and improving public health and the environment–particularly in disadvantaged communities. Additional funding for the equipment was provided by a U.S. Environmental Protection Agency Targeted Airshed Grant award. Zero-emissions efforts The percentage will continue to increase as more zero-emissions equipment is rolled out at the Port The new machines increase the percentage of zero-emissions equipment being used at the Port of Long Beach to approximately 20%. The percentage will continue to increase as more zero-emissions equipment is rolled out at the Port. This equipment also accelerates Pier C’s progress towards zero-emissions operations, a process that will continue further as SSA Terminals works to integrate zero-emissions, human-driven top handlers.“Meeting our aggressive zero-emissions goals is not possible without the support of our partners, and this project is just another example of the shared commitment at the Port of Long Beach to a zero-emissions future,” said Port of Long Beach CEO Mario Cordero. “I’d especially like to thank SSA Terminals for pioneering zero-emissions efforts at Pier C, Southern California Edison for prioritising zero-emissions infrastructure projects and CARB for the funding to make these types of projects possible.” Net zero GHG emissions We commend all parties involved for balancing the need for zero-emissions technology"“This project is exciting, and we commend all parties involved for balancing the need for zero-emissions technology and infrastructure while bolstering the efficient movement of cargo by the hardworking dockworkers,” said Long Beach Harbour Commission Vice President Bonnie Lowenthal. “We are excited to see the Port of Long Beach moving in this direction, consistent with Matson’s goals of achieving a 40% reduction in Scope 1 greenhouse gas fleet emissions by 2030 and net zero GHG emissions by 2050,” said Matson Chairman and CEO Matt Cox. Heavy-duty electrification projects To turn the idea into reality, SSA Terminals closely collaborated with the equipment developers to create machinery and infrastructure that could withstand the intensity of a full workday on the docks. The equipment is capable of running a two-shift operation with a once-per-day opportunity charge.  Both the Port and SSA Terminals worked with Southern California Edison to bring the project to fruition. SCE’s Charge Ready Transport programme supports heavy-duty electrification projects and was vital to the success of the project.

Matson, Inc. (‘Matson’; MATX) has announced that its subsidiary, Matson Navigation Company, Inc., a renowned U.S. carrier in the Pacific, has signed contracts with Philly Shipyard Inc. to build three new 3,600 TEU (Twenty-foot Equivalent Units - the standard unit of measurement for container capacity) Aloha Class containerships for an aggregate price of approximately US$ 1 billion. The first vessel is expected to be delivered in the fourth quarter of 2026, with subsequent deliveries in 2027. The new vessels will join two Aloha Class ships previously built for Matson by Philly Shipyard that entered service in 2018 and 2019, respectively. New vessels equipped with dual fuel engines Like their sister ships, the new vessels will be equipped with dual fuel engines Like their sister ships, the new vessels will be equipped with dual fuel engines that are designed to operate on either conventional marine fuels or liquefied natural gas (LNG), as well as other ‘green ship technology’ features, such as a fuel-efficient hull design and environmentally safe double hull fuel tanks and freshwater ballast systems. While the earlier ships require some modification to operate with LNG, the new ships will be delivered LNG-ready. “Our existing Aloha Class ships are among the fastest, most efficient vessels in the Matson fleet,” said Matt Cox, the Chairman and Chief Executive Officer (CEO) of Matson, Inc. New Jones Act compliant vessels Matt Cox adds, “These new Jones Act compliant vessels will be built specifically for our China-Long Beach Express service, and like their sisterships, are expected to help Matson achieve its 2030 greenhouse gas emissions reduction goal while also providing additional capacity and speed benefitting our Hawaii service, as well as the CLX.” The 854-foot Aloha Class vessels are the largest containerships ever built in the U.S.A. (United States of America) and are designed to operate at speeds in excess of 23 knots in support of Matson, Inc.'s service hallmark – timely delivery of goods. Aloha Class ships built by Philly Shipyard Inc. Philly Shipyard Inc. is a renowned U.S. commercial shipyard constructing vessels for operation in the domestic Jones Act trade lanes. Prior to Matson's first two Aloha Class ships, the shipyard delivered four newly built Jones Act containerships for Matson between 2003 and 2006. It is the ultimate compliment when a former customer returns for another project" “It is the ultimate compliment when a former customer returns for another project. We are proud of the six vessels previously delivered to Matson, and are again ready to execute and deliver this important project.” said Steinar Nerbovik, the President and Chief Executive Officer (CEO) of Philly Shipyard Inc. China-Long Beach Express (CLX) service The three new Aloha Class ships will replace three vessels currently deployed in Matson’s China-Long Beach Express (CLX) service, which will in turn replace three older vessels currently deployed in its Alaska service, redeploying bigger and faster vessels into that trade lane. Matson, Inc. expects to finance the new vessels with cash currently in the Capital Construction Fund and through cash flows from operations, borrowings available under the company’s unsecured revolving credit facility and additional debt financings. Corporate goals of achieving reduction in GHG emissions Matson has set corporate goals to achieve a 40 percent reduction in Scope 1 greenhouse gas (GHG) fleet emissions by 2030 and net-zero Scope 1 GHG emissions by 2050.

Matson, Inc., a U.S. carrier in the Pacific, and Greenbrier Gunderson Marine christened and launched a new flat-deck container barge in a ceremony at the Greenbrier Gunderson Marine shipyard in Portland, Oregon on Saturday, April 23, 2022. The new barge, christened ‘Haleakala’ in honour of the landmark crater on the island of Maui, will be deployed in Matson’s Neighbour Island service in Hawaii starting this summer, connecting cargo to and from the U.S. West Coast through its hub terminal in Honolulu. Public launch ceremony With a carrying capacity of 620 TEU* and room for 72 refrigerated containers, the new Haleakala is double the size of the older barge it is replacing and will increase the efficiency of Matson’s service to the neighbour islands. At 362 feet long, 105 feet wide (beam), with a deep draft of 17.3 feet and a capacity of more than 12,000 metric tons, it will be Matson’s largest barge. In remarks during the public launch ceremony, Matson Senior Vice President Vic Angoco said, “The launch of this new vessel symbolises Matson’s long-standing commitment to serving our communities in Hawaii – in fact, as of this month, it has been 140 years of service to the islands since Capt. Matson himself first sailed between San Francisco and Hilo, Hawaii.” Remote island communities Matson has invested more than $1 billion in new vessels and infrastructure at its hub terminal in Honolulu “And it’s just the latest example of Matson continuously investing in its services in order to fulfil our commitment to keeping the necessities of everyday life flowing to our remote island communities.” In recent years, Matson has invested more than $1 billion in new vessels and infrastructure at its hub terminal in Honolulu to support its Hawaii service. Matson invited Evelyn Angoco, wife of Senior Vice President Vic Angoco, to christen the vessel by breaking a ceremonial bottle of champagne against its hull. Immediately after the bottle was broken, the vessel was released from its building ways and slid sideways into the Willamette River. Haleakala was then docked at Greenbrier Gunderson’s nearby testing and trials berth, where the final stages of construction will be completed. Supporting Hawaii service "It has been a pleasure working with Matson in the construction of the company’s largest barge to date. The successful launch celebrated both Matson and Greenbrier’s dedication to our communities.” “We are proud to support the movement of goods throughout the Hawaiian Islands and continually strengthen the United States Jones Act fleet," said Richard Hunt, General Manager of Greenbrier Gunderson. Matson is expected to take delivery of the barge in late May. Construction of the new vessel began on June 24, 2021.