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Tuesday, February 18, 2020

Matson News

(Photo: Matson)

Matson Promotes Three

U.S. carrier Matson announced it promoted three executives to the company's senior leadership team, effective immediately.Branton "Bal" Dreyfus, Vice President, Alaska, has been promoted to Senior Vice President, Alaska in recognition of Matson's growing scope of operations, continuing investment in and long-term commitment to serving Alaska. Dreyfus will continue to report directly to Matt Cox, Chairman and Chief Executive Officer.Capt. John "Jack" Sullivan, Vice President, Vessel Operations and Engineering…

AMP Announces New Officers

The American Maritime Partnership (AMP) has announced the election of new leadership for the organization. Michael Roberts becomes the new president, with Matt Woodruff as vice president alongside Ku’u Park as treasurer and Matthew Paxton as secretary. Roberts continues to serve as senior vice president for Crowley Maritime Corp. Roberts has represented Crowley on government matters since first joining the company’s DC office in 1991. He has more than 30 years’ experience in Washington…

Matson's newest vessel, the largest combination container / roll-on, roll-off ("con-ro") ship ever built in the United States. Image Credit: NASSCO

Matson Takes Delivery of First Kanaloa Class ConRo

Largest "Con-Ro" Ship Built in U.S. Will Serve Hawaii.Matson today took delivery of its newest vessel, the largest combination container / roll-on, roll-off ("con-ro") ship ever built in the United States, from General Dynamics NASSCO. Christened 'Lurline,' the new ship is the first of two "Kanaloa Class" con-ro vessels being built for Matson by NASSCO at a total cost of approximately $500 million for the pair, and the third of four new vessels that Matson is putting into service between 2018 and 2020.

© CrackerClips / Adobe Stock

Hawaii Congressman Introduces Anti Jones Act Legislation

Hawaii Congressman Ed Case has introduced three bills in Congress to reform Merchant Marine Act of 1920 (commonly referred to as the Jones Act), which he states “artificially inflates the cost of shipping goods to Hawaii”.Case’s three measures and their proposed amendments to the Jones Act are:the Noncontiguous Shipping Relief Act, which exempts all noncontiguous U.S. locations, including Hawaii, from the Jones Act;the Noncontiguous Shipping Reasonable Rate Act, which benchmarks…

COA Elects Chairman and Vice-Chairman

Container Owners Association's Board of Directors have elected Uffe Ernst-Frederiksen, Head of Cargo Management, AP Moller-Maersk, to the position of COA Chairman, effective January 1, 2020. He takes over from Brian Darnowski, Senior Vice-President – Operations, Triton International Ltd, who has completed his 3-year term of office.The COA Board has also elected Paul Johnescu, Vice-President, Facilities & Equipment Engineering, Matson Navigation Company, as the Organisation’s Vice-Chairman.

Image: Swire Shipping

Swire Shipping Extends South Pacific network

Swire Shipping, trading division of China Navigation Company, announced it will be entering a new vessel sharing partnership from New Zealand to Tonga, Samoa (Apia), Cook Islands and Fiji. This market leading service will depart every 10 days from Auckland.“Swire Shipping has built up a strong reputation for itself as a market leader connecting the Pacific Islands to the world. Today’s launch will enable us to offer expanded global coverage into the Pacific Islands, as well as specifically providing New Zealand customers with a new direct service alternative.

Logo: Optimarin

Optimarin Inks 30 BWTS Deal with Asiatic Lloyd

Optimarin, the ballast water treatment (BWT) specialist, has reported a year-on-year increase in sales of more than 100% for Q3, with order intake at an all-time high. The growth, consolidating the trend seen in Q2, comes on the back of a number of new fleet agreements with leading owners and operators, of which Singapore’s Asiatic Lloyd Shipmanagement LLP is the latest signing. “September’s IMO D2 deadline for BWT compliance has created, quite rightly, a sense of urgency in the market…

File Image: Matson

Matson Announces Q2 2019 Results; Lowers FY2019 Outlook

Matson reported net income of $18.4 million, or $0.43 per diluted share, for the quarter ended June 30, 2019. Net income for the quarter ended June 30, 2018 was $32.6 million, or $0.76 per diluted share. Consolidated revenue for the second quarter 2019 was $557.9 million compared with $557.1 million for the second quarter 2018. For the six months ended June 30, 2019, Matson reported net income of $30.9 million, or $0.72 per diluted share compared with $46.8 million, or $1.09 per diluted share in 2018.

Photo: Matson

Matson Christens First Kanaloa Class Vessel 'Lurline'

Matson, Inc. and christened the largest combination ConRo ship ever built in the U.S. -- Lurline -- in a ceremony at the General Dynamics NASSCO shipyard in San Diego, CA on Saturday, June 15. Lurline an iconic name in Matson's long history, dating to the construction of Captain William Matson's first ship of that name in 1887. Four more ships were given the name in subsequent years; this vessel will be the sixth.The new Lurline is the first of two new ships being built for Matson by NASSCO at a total cost of approximately $500 million for the pair…

U.S. Transportation Secretary Elaine L. Chao

U.S. DOT Announces New MTSNAC Members

U.S. Transportation Secretary Elaine L. Chao today announced the appointment of 29 members to the Maritime Transportation System National Advisory Committee (MTSNAC).Established in 2010, the MTSNAC is made up of leaders from commercial transportation firms, trade associations, state and local public entities, labor organizations, academia, and environmental groups that advise the Secretary on policies to ensure that the marine transportation system can respond to projected trade increases.“This advisory committee will help strengthen and modernize our nation’s maritime capabilities…

File Image: Credit ZPMC

Matson Receives New Cranes

Acquisition part of $60 million investment in Honolulu terminal improvements.Matson has received three new 65 long-ton capacity gantry cranes at its Honolulu hub terminal at Sand Island. The biggest ship-to-shore container cranes to be deployed at any commercial harbor in Hawaii, the cranes arrived aboard a special heavy-lift vessel on Saturday and were positioned for discharge starting this morning. Matson's acquisition of the new cranes, along with the upgrading of three existing cranes and other improvements…

Matson, Inc. and Philly Shipyard, Inc. (PSI) christened the second of two Aloha Class containerships built for Matson in a ceremony at Philly Shipyard on Saturday, March 9.  Photo: Matson & Philly Shipyard

Matson Christens 'Kaimana Hila'

Largest Containership Built in U.S. Will Serve HawaiiMatson, Inc. and Philly Shipyard, Inc. (PSI) christened the second of two Aloha Class containerships built for Matson in a ceremony at Philly Shipyard on Saturday, March 9. Dubbed Kaimana Hila, it is the sister ship to Daniel K. Inouye, which entered service in November of 2018. "Kaimana Hila" is a Hawaiian transliteration for "Diamond Head," the name of Hawaii's iconic landmark crater near Waikiki Beach. The ships cost $418 million for the pair…

Branton B. "Bal" Dreyfus (Photo: Matson)

Matson Names Dreyfus VP, Alaska

Matson has announced that Branton B. "Bal" Dreyfus has been appointed vice president, Alaska, succeeding Kenny Gill, who has resigned from the company.In his new role, Dreyfus has management responsibility for all Matson operations in Alaska, including terminal operations, customer service, sales, and financial performance of the company's terminals in Anchorage, Kodiak, and Dutch Harbor. Dreyfus reports directly to Chairman and CEO Matt Cox.Dreyfus joined Matson in 1993 as General Manager…

Photo: Optimarin

Optimarin Sees Early Order Surge in 2019

In the quarter of a century since its formation in 1994, ballast water treatment (BWT) specialist Optimarin has never experienced a year quite like 2018.The Norwegian headquartered firm has revealed that the previous 12 months saw it sell more than 100 systems and achieve record revenues. However, according to company CEO Tore Andersen, 2019 is already shaping up to set a new standard, with the orderbook currently five times the size it was at this point in 2018. Revenues, he says…

Pic: Matson

First Aloha-Class Ship Delivered to Matson

Matson, Inc. took delivery of the first of two new Aloha Class containerships built for Matson's Hawaii service at Philly Shipyard.Christened 'Daniel K. Inouye' in honor of Hawaii's late senior U.S. Senator, the vessel is the largest containership ever built in the United States. Weighing in at over 51,400 metric tons, the 850-foot long and 3,600 TEU capacity Daniel K. Inouye is Matson's largest ship and also its fastest, with a top speed in excess of 23 knots."This new ship, our fifth delivered by Philly Shipyard…

File Image: a recent Matson newbuild vessel (CREDIT Matson)

Matson Launches New U.S. Flag Marshall Islands Service

Matson has launched its new direct U.S. flag service between Honolulu and the Republic of the Marshall Islands ("RMI"), reducing cargo transit times to the RMI from the U.S. mainland by as many as eight days. The new service will call at three ports in the RMI - Kwajalein, Ebeye and Majuro every 17 days. Matson purchased a 700-TEU, U.S.-flagged containership to operate the new service. Christened Kamokuiki, or 'small island or vessel' in the Hawaiian language,  the vessel is well suited to serving island communities with two 45 ton cranes onboard…

From left: Michael DiVirgilio, CII President; Ed DeNike, President of SSA Containers; Mrs. DeNike; Ronald J. Forest, President of Matson Navigation; Sue Coffey, CII Treasurer (Photo: CII)

DeNike Presented with Connie Award

Edward Anthony DeNike, president of SSA Containers, a division of Carrix, received the 2018 Connie Award presented by the Containerization & Intermodal Institute (CII) in Long Beach, Calif., on Tuesday. DeNike was honored for his contributions to containerization and international trade and transportation industry over the course of the last five decades.The dinner event honoring DeNike was held in conjunction with the IANA Intermodal EXPO and attracted more than 250 people."It is no surprise that our recipient, Ed DeNike – an industry legend – has attracted a record-breaking crowd.

(File photo: Port of Long Beach)

Port of Long Beach Awarded $50 Mln for Zero Emissions Project

The drive toward cleaner goods movement continues on the U.S. West Coast. The Port of Long Beach announced Tuesday it has received preliminary approval for a $50 million grant from the California Air Resources Board (CARB) to demonstrate a near-zero and zero-emissions supply chain at the nation’s second-busiest seaport.CARB has preliminarily awarded the grant for the Sustainable Terminals Accelerating Regional Transformation (START) Project, which will demonstrate nearly 100 pieces of zero-emissions terminal equipment and trucks at three California seaports…

The Inouye: The Largest American-Made and American-Crewed Containership Ever Built (Image CREDIT: Marad)

The Inouye: The Largest American-Made and American-Crewed Containership Ever Built

I was honored to be present in South Philadelphia on June 30 to witness the christening of the largest container ship ever built in the United States. It was built by Philly Shipyards for shipping company, Matson, Inc., and was named for the former Hawaii senator, war hero, and long-standing maritime champion Daniel K. Inouye. At a time when the U.S. maritime industry is fighting to keep its place among international competitors, this event was a momentous occasion. Built for the Hawaii trade…

File Image: A rendering of Matson's Aloha class containership.

Matson Christens First Aloha Class Vessel 'Daniel K. Inouye'

Largest Containership Built in U.S. Will Serve Hawaii. Matson, a U.S. flag carrier in the Pacific, and Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY) christened the largest containership ever built in the United States in a ceremony at the Philly Shipyard on Saturday, June 30. The new vessel is named 'Daniel K. Inouye' in honor of Hawaii's late senior U.S. Senator, who was a longstanding supporter of the U.S. maritime industry and its important role in supporting Hawaii's economy.

Photo: Oakland Seaport

SSA Terminals Extends Marine Lease at Oakland

A major global marine terminal operator has OKd a new Port of Oakland lease that runs through 2027. The agreement includes options that could keep SSA Terminals (Oakland) here to 2042. The Port today characterized the deal as validation for the city’s maritime future. “SSA is an influential player on the waterfront worldwide, and a significant presence in Oakland,” said Port Maritime Director John Driscoll. Oakland’s Board of Port Commissioners approved the new lease last night.

Fukunaga Joins Matson Board

Matson, Inc. shareholders elected Mark H. Fukunaga, Chairman and CEO of Servco Pacific Inc., as a new member of Matson’s board of directors.  Concurrently, Matson Chairman and CEO, Matt Cox, announced that the board's independent directors have designated Stanley M. Kuriyama to succeed Jeffrey N. Watanabe, the board's Lead Independent Director, who retired from the board in accordance with a mandatory retirement age policy.

Photo: Matson, Inc.

General Dynamics NASSCO Builds Second Matson Containership

General Dynamics NASSCO has started construction on the second ship in a two-ship series of Kanaloa-class containerships for Matson Navigation Company, Inc. Construction of Matsonia began with a ceremonial first cut of steel at NASSCO's San Diego shipyard where the first ship in the series, Lurline, is 15 percent complete. Both ships will transport containers, automobiles and rolling stock between the West Coast of the United States and Hawaii. Using proven design standards, the ship design incorporates liquefied natural gas-capable main and auxiliary engines…

© Jeremy Francis / Adobe Stock

Cargo Ships Slow Transits to Curb Emissions, Protect Whales

Partners in an initiative to cut air pollution and protect whales have announced results from the 2017 program and publicly recognized the 11 shipping companies who participated, reducing speeds to 12 knots or less in two regions. For the first time the program included speed reduction zones in the San Francisco Bay Area in addition to the Santa Barbara Channel region. The voluntary incentive program started July 1 and ended November 15, 2017. Automatic Identification System (AIS)…

COMPAC bearings with key slots for fixed key Thordon Bearings

Log-In Logística selects COMPAC

The containership segment’s commitment to ocean sustainability has been underscored with another order for Thordon Bearings’ COMPAC water lubricated propeller shaft bearing concept. The decision by Brazil-based cabotage carrier Log-In Logística to select the Thordon solution for a 2700TEU newbuild Log-In Polaris, is indicative of a trend in the sector for mitigating against the risk of oil pollution by adopting the simpler, environmentally-safer water-lubricated propel shaft concept.

Photo: Matson

Matson Reports Q4 Earnings Per Share $3.90

Honolulu-based Matson Inc reported fourth-quarter net income of $166.9 million. On a per-share basis it has profit of $3.90. The ocean transportation and logistics services company posted revenue of $516.1 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $503.2 million. The  U.S. carrier in the Pacific reported profit of $232 million, or $5.37 per share for the year. Revenue was reported as $2.05 billion. Matt Cox, Matson's Chairman and Chief Executive Officer…