secwatch.observer — SEC 8-K summary
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Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001558370-22-016759
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matson signs ~$1B agreement for three new Aloha Class vessels; provides business update at investor conference
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- Signed agreements with Philly Shipyard for three LNG-ready Aloha Class vessels at ~$1B total contract cost.
- New vessels for CLX service; will move existing CLX ships to Alaska; deliveries in 4Q26, 2Q27, 4Q27.
- LNG installation projects on Daniel K. Inouye ($35M) and Manukai ($60M) remain on track.
- AAX service (Alaska-to-Asia Express) to be marketed for upcoming fishing season.
- Total debt-to-EBITDA and net debt-to-EBITDA ratios shown; LTM 3Q22 EBITDA $1.91B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837022016759/0001558370-22-016759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837022016759/matx-20221108x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-016759

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