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Stock Market & Financial Investment News

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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November 24, 2015
17:31 EDTMATXMatson to file rate increases in 2016
Matson announced that Matson Navigation Company will raise its cargo rates for Hawaii service by $225 per westbound container and $110 per eastbound container, effective January 3, 2016. The adjustment, which will represent an increase of less than 5 percent for the majority of Matson's customers, is designed to help offset increasing costs of operation and support continuing investment in improvements to Matson's Hawaii service.Matson has invested nearly $1B in new containerships, fleet enhancements, new container equipment, information technology improvements and upgrades to its terminal facilities in recent years. Last month, the company commenced construction on two new 3,600 TEU 'Aloha Class' containerships that are designed specifically for Hawaii service and scheduled to launch in 2018.

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