Matson plans to build new ships

Ocean

Wednesday, November 28, 2012

Matson said earlier this month that it plans to build two new containerships. At an investment conference sponsored by the investment bank Stephens, the company said its strategic re-fleeting plan calls for two new containerships to be built in the next three to five years to replace existing older ships. The company estimated the ships would cost about $200 million each. Jeff Hull, a spokesman for the company, stressed these are preliminary estimates and Matson has n...

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