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News Breaks
December 26, 2012
17:40 EDTMATXMatson acquires assets of Reef Shipping in South Pacific, terms not disclosed
Matson announced that it has signed a definitive agreement to acquire the primary assets formerly owned by Reef Shipping, a South Pacific shipping company based in Auckland, New Zealand. The assets to be acquired include four vessels and approximately 1,500 pieces of container equipment. The financial terms of the agreement were not disclosed and the closing of the transaction is expected to occur on or about year-end.
News For MATX From The Last 14 Days
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July 30, 2015
16:24 EDTMATXMatson secures 'attractive' new financing arrangements
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05:24 EDTMATXMatson, state of Hawaii reach settlement on molasses incident of 2013
Matson announced that a settlement has been reached with the State of Hawaii to resolve all civil, criminal and administrative claims that the State could have had arising from the discharge of molasses into Honolulu Harbor in September 2013. Matson will pay $5.9M to the State as compensation for damaged coral and lost fish, as well as the State's response and other costs. As part of the settlement, Matson has terminated its molasses operations in Honolulu and has committed to remove the molasses risers and tanks at Sand Island terminal at an estimated cost of between $5.5M-$9.5M bringing the total cost to Matson of between $11.4M-$15.4M. Matson will record an $11.4M charge in its Q2 results which will be released on August 4.
July 28, 2015
16:29 EDTMATXMatson moving quicklyto fund improvements in Alaska operations
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