Matson announces ~$1B new Aloha Class vessel program and LNG retrofit projects

Matson, Inc.

Three new LNG-ready Aloha Class vessels ordered for CLX service; deliveries 4Q26, 2Q27, 4Q27; contract cost ~$999M.
New vessels add 500 containers capacity per voyage; three existing CLX ships to move to Alaska service.
LNG retrofits on Daniel K. Inouye (~$35M), Manukai (~$60M); Kaimana Hila (~$35M) scheduled 2Q24; Lurline/Matsonia evaluation (~$85M).
LTM 3Q22 EBITDA $1.9B, ROIC 57.8%; over $900M returned to shareholders since 2012, ~$495M in share repurchases Aug 2021-Sep 2022.

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