The National Transportation Safety Board has issued its report on an August 2022 incident in which the 681 foot, 1,992 TEU Matson Navigation containership Maunalei incurred $3 million in damages after a propeller blade cracked, leading to a loss of hydraulic oil and propulsion while transiting the Pacific Ocean.
The NTSB investigation found that a blade on the vessel’s controllable pitch propeller system did not meet manufacturer design specifications.
The Maunalei was traveling to Portland,...
A crack in a propeller blade of a Matson containership led to a loss of hyrdraulic oil and propulsion while transiting the Pacific Ocean, the National Transportation Safety Board (NTSB)…
https://gcaptain.com/containership-loses-propulsion-due-to-cracked-propeller-blade/
The three 3,600 TEU LNG-fueled Aloha class containerships on order at Philly Shipyard for Honolulu-headquartered Matson Navigation will feature Kongsberg Maritime hybrid electrical systems. At 260 meters (854 feet) long, the Aloha-class vessels are the largest Jones Act containerships ever built. Being built to operate on Matson’s China-Long Beach Express (CLX) service, the vessels are designed to operate at speeds in excess of 23 knots in support of Matson’s service hallmark – timely delivery...
Tras rumores de un posible “paso seguro”, las acciones de transporte marítimo experimentan una disminución, sin embargo, destaca un caso atípico en el mercado.
Esta entrada Descenso en las Acciones de Transporte Marítimo ante Rumores de Paso Seguro Aparece primero en FullAvanteNews.
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The predicted container shipping wipeout is not here yet. Several container lines are still posting...
Pacific shipping company Matson is working with emergency response agencies to prioritize the movement of emergency equipment and supplies to Maui in response to this week’s devastating wildfires. Matson’s barge Haleakala departed…
https://gcaptain.com/matson-helping-to-expedite-relief-supplies-to-maui/
Shipping has long suffered an image problem on Wall Street, fueled by perceptions that some shareholders have been ripped off by self-dealing management.
No analyst has focused on the fair treatment of shipping’s common stockholders more than Michael Webber. He has published an annual corporate governance scorecard for shipping since 2016, until 2019 at Wells Fargo and since then at his own firm, Webber Research & Advisory.
Bulker owner Genco Shipping & Trading (NYSE: GNK) ranks first in this...
https://www.freightwaves.com/news/shipping-corporate-governance-whos-been-naughty-or-nice
by John Konrad (gCaptain) In a significant stride towards promoting diversity and inclusion, Matson ($MATX), a leading US Flag containership operator, reported that over half of its new hires into…
https://gcaptain.com/matson-dives-into-diversity-and-inclusion/
Container lines won’t release final results for the second quarter until next month, but early disclosures suggest they have stemmed the bleeding, at least temporarily.
Hawaii-based niche carrier Matson (NYSE: MATX) announced preliminary results late Thursday, projecting Q2 2023 net income of between $76.3 million and $81.5 million. This range is more than double Q1 2023 net income of $34 million.
Matson CEO Matt Cox confirmed that his company’s China service saw higher demand in the second...
https://www.freightwaves.com/news/container-line-earnings-could-surprise-to-upside-in-q2
U.S.-based shipping line Matson (NYSE: MATX) has confirmed that it will convert the main engine on its container ship, the Kaimana Hila, to a dual-fuel ME-GI unit capable of running…
https://gcaptain.com/matson-to-convert-third-containership-to-lng-fuel/