Matson, Philly Shipyard mark milestone in box ship program

Matson and Philly Shipyard executives celebrate a milestone in construction of the biggest containership built in the U.S. at the shipyard this morning Matson and Philly Shipyard executives celebrate a milestone in construction of the biggest containership built in the U.S. at the shipyard this morning

MAY 4, 2017 — Philly Shipyard, Inc, and Matson, Inc. (NYSE: MATX), today marked a milestone in the construction of the first of two new 850-ft long, 3,600 TEU, "Aloha Class" containerships on order for Matson for deliveries in the third quarter of 2018 and first quarter of 2019, respectively.

Designed specifically for Hawaii service, they will be the largest containerships ever built in the U.S.

During today's dock mounting ceremony in the building dock where the first engine room section, weighing 420 metric tons, was lowered into place, senior executives of the shipbuilder and the ownerplaced coins under the section as part of a long-held shipbuilding tradition to bring good fortune and safe travels.

The ceremony was attended by Matson President Ron Forest, along with Matson Vice President, Vessel Operations and Engineering Jack Sullivan; Director, Marine Engineering and Special Projects Scott Hauck and New Construction Consultant Lee Lampland.

"This first Aloha Class ship, named in honor of Hawaii's former senior senator and longtime champion of the U.S. maritime industry Daniel K. Inouye, will be the biggest containership ever built in the U.S. We are excited that this milestone in its construction means Matson will be able to put this new ship into service a little over a year from now," said Forest.

Attendees from Philly Shipyard were President and CEO Steinar Nerbovik, SVP Operations Jari Anttila, and Project Manager John Bond.

"It's an honor to return to our shipbuilding foundation and build two more containerships that will service the state of Hawaii and its citizens," said Nerbovik. "In 2001 we stood in this very same location for the dock mounting of Matson's first vessel when we were a brand new shipyard. Sixteen years later, we are pouring the same pride into another quality build that will safely navigate the Hawaii-Pacific trade for decades to follow."

The 850-foot long, 3,600 TEU Aloha Class vessels will be Matson's largest ships. They will also be faster, designed to operate at speeds in excess of 23 knots, helping ensure timely delivery of goods in Hawaii.

Though bigger, the ships are also designed to accommodate future needs by being able to navigate safely into some of Hawaii's smaller ports. The new vessels will incorporate a number of "green ship technology" features that will help protect the environment, including a more fuel efficient hull design, dual fuel engines that can be adapted to use liquefied natural gas (LNG), environmentally safe double hull fuel tanks and fresh water ballast systems.

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