Construction headline

MATSON CHRISTENS ‘MATSONIA’ New “Con-Ro” Ship To Serve Hawaii

SAN DIEGO, CA (July 6, 2020) – SAN DIEGO, CA (July 6, 2020) – with a deep draft of 38 feet and with a deep draft of 38 feet and is supported by California Climate is supported by California Climate Matson, Inc. (NYSE: MATX), a Matson, Inc. (NYSE: MATX), a weighing in at over 50,000 metric Investments, a statewide initiative weighing in at over 50,000 metric Investments, a statewide initiative leading U.S. carrier in the Pacific, tons, Matsonia will join Lurline as that puts billions of Cap-and-Trade leading U.S. carrier in the Pacific, tons, Matsonia will join Lurline as that puts billions of Cap-and-Trade and General Dynamics NASSCO and General Dynamics NASSCO Matson’s largest ships and the largest dollars to work reducing greenhouse Matson’s largest ships and the largest dollars to work reducing greenhouse shipyard, christened the second of con-ro vessels ever constructed in the gas emissions, strengthening the shipyard, christened the second of con-ro vessels ever constructed in the gas emissions, strengthening the two Kanaloa Class vessels, the largU.S. They are also among Matson’s economy and improving public health two Kanaloa Class vessels, the largU.S. They are also among Matson’s economy and improving public health est combination container/roll-on, fastest vessels, with a top speed of and the environment — particularly in est combination container/roll-on, fastest vessels, with a top speed of and the environment — particularly in roll-off (“con-ro”) ships ever built in 23 knots, helping ensure on-time roll-off (“con-ro”) ships ever built in 23 knots, helping ensure on-time disadvantaged communities. disadvantaged communities. the United States, in a ceremony at deliveries in Hawaii from Matson’s the United States, in a ceremony at deliveries in Hawaii from Matson’s the NASSCO shipyard in San Diego, three West Coast terminals in Seattle, “Matson is already benefitting from the NASSCO shipyard in San Diego, three West Coast terminals in Seattle, “Matson is already benefitting from CA on Thursday, July 2, 2020. CA on Thursday, July 2, 2020. Oakland and Long Beach. Oakland and Long Beach. the speed, capacity and improved the speed, capacity and improved environmental profile of the three new environmental profile of the three new The new vessel was christened ‘MatBoth new Kanaloa Class vessels will ships we’ve put into service since The new vessel was christened ‘MatBoth new Kanaloa Class vessels will ships we’ve put into service since sonia,’ an iconic name in Matson’s have an enclosed garage with room 2018,” said Matt Cox, Matson’s chairsonia,’ an iconic name in Matson’s have an enclosed garage with room 2018,” said Matt Cox, Matson’s chairlong history, dating to the construcfor approximately 500 vehicles, long history, dating to the construcfor approximately 500 vehicles, man and chief executive officer, after man and chief executive officer, after tion of Matson’s first ship of that plus ample space for rolling stock the shipyard ceremony. “Matsonia will tion of Matson’s first ship of that plus ample space for rolling stock the shipyard ceremony. “Matsonia will name in 1912. Three more ships were and breakbulk cargo. They will name in 1912. Three more ships were and breakbulk cargo. They will be our fourth new ship, completing a be our fourth new ship, completing a given the name in subsequent years; also feature state-of-the-art green three-year fleet renewal program that given the name in subsequent years; also feature state-of-the-art green three-year fleet renewal program that this vessel will be the fifth. this vessel will be the fifth. technology, including a fuel-efficient positions us well to serve the needs technology, including a fuel-efficient positions us well to serve the needs hull design, environmentally safe of our communities in Hawaii for hull design, environmentally safe of our communities in Hawaii for The new Matsonia is the second The new Matsonia is the second double hull fuel tanks, fresh water many years to come.” double hull fuel tanks, fresh water many years to come.” of two new ships being built for of two new ships being built for ballast systems, and the first Tier ballast systems, and the first Tier Honolulu-based Matson by NASSCO 3 dual fuel engines to be deployed “As a proud U.S. company and Honolulu-based Matson by NASSCO 3 dual fuel engines to be deployed “As a proud U.S. company and at a total cost of approximately $500 in containerships regularly serving Jones Act carrier, our investment in at a total cost of approximately $500 in containerships regularly serving Jones Act carrier, our investment in million for the pair, and the fourth of West Coast ports. million for the pair, and the fourth of West Coast ports. this new ship is about much more this new ship is about much more four new vessels that Matson will put four new vessels that Matson will put than maintaining a high level of than maintaining a high level of into service during 2018, 2019 and Under the latest International into service during 2018, 2019 and Under the latest International service to Hawaii. It also helps drive service to Hawaii. It also helps drive 2020. Named in honor of the ocean Maritime Organization (IMO) requiresubstantial economic benefits in 2020. Named in honor of the ocean Maritime Organization (IMO) requiresubstantial economic benefits in deity revered in the native Hawaiian ments for engine manufacturers, deity revered in the native Hawaiian ments for engine manufacturers, and opportunities in communities and opportunities in communities culture, Matson’s two “Kanaloa Class” Tier 3 engines reduce the levels of around the Pacific, where this vessel culture, Matson’s two “Kanaloa Class” Tier 3 engines reduce the levels of around the Pacific, where this vessel vessels constructed at the NASSCO particulate emissions by 40 percent will operate,” Cox said. vessels constructed at the NASSCO particulate emissions by 40 percent will operate,” Cox said. shipyard are built on a 3,500 TEU* and nitrogen oxide emissions by 20 shipyard are built on a 3,500 TEU* and nitrogen oxide emissions by 20 vessel platform. vessel platform. percent, as compared to Tier 2 stan“The construction of Matsonia percent, as compared to Tier 2 stan“The construction of Matsonia dards. Matson’s deployment of Tier 3 represents over a year’s work for dards. Matson’s deployment of Tier 3 represents over a year’s work for At 870 feet long, 114 feet wide (beam), engines in both Kanaloa Class vessels about 2,000 professionals here at At 870 feet long, 114 feet wide (beam), engines in both Kanaloa Class vessels about 2,000 professionals here at

NASSCO…engineers, tradesmen NASSCO…engineers, tradesmen 3.6 billion dollars in labor income testing and trials berth, where the 3.6 billion dollars in labor income testing and trials berth, where the and lots of support people and and lots of support people and with a total economic impact in the final stages of construction will be with a total economic impact in the final stages of construction will be countless others who produced the state of more than twelve billion completed. countless others who produced the state of more than twelve billion completed. materials used to build this ship that dollars.” Dave Carver, President of materials used to build this ship that dollars.” Dave Carver, President of are sourced here in the U.S. Over General Dynamics NASSCO, said, Matson is expected to take delivery are sourced here in the U.S. Over General Dynamics NASSCO, said, Matson is expected to take delivery its expected lifespan, this ship will "The Matsonia is a reflection of the of the vessel in the fourth quarter of its expected lifespan, this ship will "The Matsonia is a reflection of the of the vessel in the fourth quarter of generate approximately 4.5 million highest standards of shipbuilding generate approximately 4.5 million highest standards of shipbuilding 2020. 2020. man-hours of work opportunity for and we are proud to celebrate her man-hours of work opportunity for and we are proud to celebrate her the U.S. mariners who will operate launching. This extraordinary vessel More information on Matsonia the U.S. mariners who will operate launching. This extraordinary vessel More information on Matsonia it and decades of steady work for is a testament to the hard work, it and decades of steady work for is a testament to the hard work, and Matson’s fleet modernization and Matson’s fleet modernization all of the dockworkers and terminal unity and strength of our thousands program is available at: all of the dockworkers and terminal unity and strength of our thousands program is available at: personnel that move the cargo on of dedicated shipbuilders who made https://www.matson.com/kanaloa personnel that move the cargo on of dedicated shipbuilders who made https://www.matson.com/kanaloaand off our ships. “These are all and off our ships. “These are all this possible.” this possible.” class.htmlclass.html living wage jobs, supporting the living wage jobs, supporting the families of these American workers Matson invited Peggy Forest, wife families of these American workers Matson invited Peggy Forest, wife and the taxes they pay,” Cox said, of Matson’s President Ron Forest, and the taxes they pay,” Cox said, of Matson’s President Ron Forest, adding, “Multiply that by all the ships to officially christen the vessel by adding, “Multiply that by all the ships to officially christen the vessel by NASSCO and other U.S. shipyards breaking a ceremonial bottle of NASSCO and other U.S. shipyards breaking a ceremonial bottle of are building, and you get a sense of champagne against the ship’s hull. are building, and you get a sense of champagne against the ship’s hull. the value of the maritime industry Immediately after the bottle was the value of the maritime industry Immediately after the bottle was to our country and its economy. In broken, the vessel was released from to our country and its economy. In broken, the vessel was released from California alone, there are more than its build ways and slid backward California alone, there are more than its build ways and slid backward 51,000 jobs tied to the American into San Diego Bay. Matsonia was 51,000 jobs tied to the American into San Diego Bay. Matsonia was maritime industry, providing over then docked at NASSCO’s nearby maritime industry, providing over then docked at NASSCO’s nearby

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