secwatch.observer — SEC 8-K summary
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Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001558370-22-017920
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837022017920/0001558370-22-017920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837022017920/matx-20221115x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-017920

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer