Matson Navigation Company has announced that it would like to purchase two additional ships for its fleet in the next couple of years, at an estimated cost of $400 million total. Matson, which based out of Honolulu, is Hawaii’s largest ocean cargo transportation firm and controls approximately 66 of the state’s market share. The last time Matson purchased any new vessels was over 10 years ago. Kevin Sterling, a stock analyst with BB&T Capital Markets, believes it is a smart move by Matson, as newer ships are larger, quicker and most importantly more fuel efficient. Sterling stated, “It makes sense to keep your fleet young. It gives them a lot of flexibility (to serve existing or new markets).”
Source: Honolulu Star Advertiser, 11-25-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
