Container ship cargo ship Kanaloa Class

LNG-powered

On August 25, General Dynamics NASSCO announced a partnership with Matson Navigation Company, Inc., a wholly owned subsidiary of Matson, Inc. (NYSE: MATX), for the design and construction of two Kanaloa Class liquefied natural gas (LNG)-capable containerships with roll-on, roll-off capability. The 870-foot-long, 3,500 TEU containership design provides the capability to transport containers, automobiles and rolling stock, including trailers. Using proven design standards, the design incorporates LNG-capable main and auxiliary engines, which are compliant with Tier III emission requirements. The design accommodates future installation of a LNG fuel gas system. Construction on the first ship will begin in 2018. Once delivered, the Jones Act qualified vessels will serve a trade route between the continental west coast and Hawaii. Vessels: Lurline Matsonia Program Overview - • Contract for two combination containership/roll-on, roll-off (ConRo) vessels for Matson Navigation Company, Inc. - • Vessel deliveries in fourth quarter of 2019 and second quarter of 2020. - • Vessels will be equipped with dual fuel main and auxiliary engines capable of operation on LNG when tanks and systems are added in a future conversion.