Last $27.10 USD
Change Today -0.12 / -0.44%
Volume 34.2K
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As of 11:58 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1411 Sand Island Parkway

Honolulu, HI 96819

United States

Phone: 808-848-1211

Fax:

Matson, Inc. and its subsidiaries provide ocean transportation and logistics services. Ocean Transportation The company’s ocean transportation business is conducted through Matson Navigation Company, Inc. (MatNav), a wholly-owned subsidiary of the company. MatNav is an asset-based business that provides a lifeline of ocean freight transportation services to the island economies of Hawaii, Guam, and Micronesia; and also operates a premium, expedited service from China to Long Beach, California. In 2013, the company began providing ocean services to various islands in the South Pacific, including New Zealand, Fiji, Samoa, American Samoa, Tonga, and the Cook Islands, and later expanded service to include Australia to the Solomon Islands. The company’s fleet consists of 18 owned and 3 chartered vessels, including containerships, combination container/roll-on/roll-off ships, and custom-designed barges. The company also provides container stevedoring, container equipment maintenance, and other terminal services for MatNav and another ocean carrier at a 105-acre marine terminal in Honolulu through Matson Terminals, Inc. (Matson Terminals), a wholly-owned subsidiary of MatNav, on the islands of Oahu, Hawaii, Maui, and Kauai. Matson Terminals owns and operates seven cranes at the terminal. Matson Terminals also provides container stevedoring and other terminal services to the company and other vessel operators on the islands of Hawaii, Maui, and Kauai. The company has a 35 percent ownership interest in SSA Terminals, LLC (SSAT) through a joint venture between Matson Ventures, Inc., a wholly-owned subsidiary of MatNav; and SSA Ventures, Inc., a subsidiary of Carrix, Inc. SSAT provides terminal and stevedoring services to various carriers at six terminal facilities on the United States of America (U.S.) Pacific Coast, including to MatNav at several of those facilities. The company’s Hawaii service provides ocean freight services (lift-on/lift-off, roll-on/roll-off, and conventional services) between the ports of Long Beach, Oakland, Seattle, and the major ports in Hawaii on the islands of Oahu, Kauai, Maui, and Hawaii. The company is the principal carrier of ocean cargo between the U.S. Pacific Coast and Hawaii. Westbound cargo carried by the company to Hawaii includes dry containers of mixed commodities, refrigerated commodities, packaged foods, building materials, automobiles, and household goods. Its eastbound cargo from Hawaii includes automobiles, household goods, dry containers of mixed commodities, food and beverages, and livestock. The company’s China service is part of an integrated Hawaii/Guam/China service. This service employs five of its containerships in a weekly service that carries cargo from Long Beach to Honolulu and then to Guam. The vessels continue to the ports of Xiamen, Ningbo, and Shanghai in China, where they are loaded with cargo to be discharged in Long Beach. These vessels also carry cargo destined to and originating from the Guam and Micronesia services. The company’s Guam service provides weekly container and conventional freight services between the U.S. Pacific Coast and Guam. Additionally, it provides freight services from Guam to the Commonwealth of the Northern Mariana Islands. The company’s Micronesia service provides container and conventional freight services between the U.S. Pacific Coast and the islands of Kwajalein, Ebeye and Majuro in the Republic of the Marshall Islands, the islands of Yap, Pohnpei, Chuuk and Kosrae in the Federated States of Micronesia, and the Republic of Palau. Cargo destined for these locations is transshipped through Guam. In 2013, the company purchased the primary assets of the former Reef Shipping Limited, a South Pacific ocean freight carrier based in Auckland, New Zealand. The company named this new business ‘Matson South Pacific’, which transports freight between New Zealand, Australia, and other South Pacific Islands, such as Fiji, Samoa, American Samoa, Tonga, the Cook Islands, and the Solomon Islands. As a complement to its fleet, as of December 31, 2013, the company owned approximately 33,500 containers and 10,700 chassis, and miscel

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