Matson Investor Presentation Deck
13
Appendix - Update on New Vessel and LNG Projects
• On November 1st, signed agreements with Philly Shipyard,
Inc. for construction of three new LNG-ready Aloha Class
vessels
●
- New vessels for CLX service; will move three existing CLX
vessels into Alaska service after new vessels placed into
service
Overview of new Aloha Class vessels
- LNG-ready; dual-fuel engines
- State-of-the-art green technology features and a fuel-efficient.
hull design.
- 500 containers of additional capacity per voyage versus
existing CLX vessels
Expect the additional capacity to be a meaningful net income,
operating income and EBITDA contributor
- Vessel deliveries expected in 4Q26, 2Q27 and 4Q27
• Contract cost of $1 billion
-
P
Made first milestone payment of $50 million from the CCF
Investor Presentation | November 2022
Current Expected
Milestone Payments
($ in millions)
Year
2022
2023
2024
2025
2026
2027
2028
2029
TOTAL
Payment
-$50
50
71
351
307
157
10
3
-$999
Matson.View entire presentation