Matson's Daniel-k-inouye, built in 2018 can be adapted to operate on LNG as a fuel, as some vessel operators opt for a transitional fuel.
Matson has announced an increase to its quarterly dividend, with the Board of Directors declaring a third-quarter dividend of US$0.36 per common share.
This represents a two-cent, or 5.9%, rise compared to the previous quarter.
The dividend will be paid on September 4, 2025, to all shareholders of record as of the close of business on August 7, 2025.
Matt Cox, Chairman and CEO of Matson, highlighted that this announcement marks the thirteenth consecutive annual increase to Matson’s quarterly dividend and reflects the strength of the business and our confidence in the long-term growth of free cash flow.
Matson is a provider of ocean transportation and logistics services, delivering essential freight solutions to the domestic non-contiguous markets of Hawaii, Alaska, and Guam, as well as island economies across Micronesia.
The company also offers expedited, premium services from China to Long Beach, California, provides connections to Okinawa, Japan, and several South Pacific islands, and operates an international export service from Alaskan ports to Asia.
Matson’s versatile fleet, comprising owned and chartered containerships, combination container/roll-on-roll-off vessels, and barges, supports its wide-reaching operations across the Pacific and beyond.
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