VIDEO: Matson welcomes first of four new ships to Hawaii

Daniel K. Inouye approaches Hawaii Daniel K. Inouye approaches Hawaii

NOVEMBER 29, 2018 — Matson, Inc. (NYSE: MATX) yesterday welcomed the largest containership ever built in the United States to Hawaii. Named in honor of Hawaii's late senior U.S. Senator, the 850 ft, 3,600 TEU Daniel K. Inouye is the largest containership ever built in the United States.

The vessel is the first of two new ships being built for Honolulu-based Matson by Philly Shipyard at a total cost of approximately $418 million for the pair, and the first of four new ships that Matson will put into its Hawaii service during the next two years

The arrival of Daniel K. Inouye also marks the beginning of a nearly $1 billion investment by Matson in its Hawaii service over the next few years, with the four new ships completing a renewal of its Hawaii fleet, and a terminal expansion and modernization project at its Sand Island facility in Honolulu.

All four new vessels have been designed by Matson specifically for its Hawaii service and 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.

"These new ships are the future for Hawaii shipping and will bring a new level of efficiency and reliability to our service," said Matt Cox, chairman and chief executive officer. "The substantial investment in new technology underscores Matson's long-term commitment to Hawaii and our desire to serve the Islands in the most advanced, environmentally friendly way for years to come."

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