Shipping giant Matson, based in Hawaii, recently announced it is buying three new containerships from the Philly Shipyard in Pennsylvania for $1 billion — hundreds of millions of dollars higher than global prices. But the company likely isn’t concerned much about the excessive price because its customers — mainly in Alaska, Hawaii and Guam — … Continue reading Matson’s New Vessels Illustrate Jones Act’s Grip On Hawaii Shipping
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Matson’s New Vessels Illustrate Jones Act’s Grip On Hawaii Shipping
Shipping giant Matson, based in Hawaii, recently announced it is buying three new containerships from the Philly Shipyard in Pennsylvania for $1 billion — hundreds of millions of dollars higher than global prices. But the company likely isn’t concerned much about the excessive price because its customers — mainly in Alaska, Hawaii and Guam — … Continue reading Matson’s New Vessels Illustrate Jones Act’s Grip On Hawaii Shipping