Matson, Inc. (MATX): Análise de Pestle [Jan-2025 Atualizado]

No mundo dinâmico da logística marítima, a Matson, Inc. (MATX) navega em um cenário complexo de desafios e oportunidades globais. Desde os movimentados portos do Pacífico até a intrincada rede de regulamentos comerciais internacionais, essa potência marítima deve se adaptar constantemente a um ambiente de mudança. Nossa análise abrangente de pestles revela os fatores multifacetados que moldam as decisões estratégicas de Matson, revelando como as tensões políticas, as flutuações econômicas, as inovações tecnológicas e as pressões ambientais convergem para definir o caminho da empresa em um ecossistema de remessa global cada vez mais interconectado.

Matson, Inc. (MATX) - Análise de Pestle: Fatores Políticos

Regulamentos marítimos dos EUA impactam as operações de remessa

A Lei de Segurança de Transporte Marítimo de 2002 exige que Matson cumpra protocolos de segurança estritos. A partir de 2024, Matson mantém 100% de conformidade com regulamentos federais de segurança marítima.

Métrica de conformidade regulatória	Status de Matson
Inspeções da Guarda Costeira aprovadas	98.7% (2023)
Certificação do sistema de gerenciamento de segurança	ISO 9001: 2015 compatível

Implicações da política comercial EUA-China

As tensões comerciais entre os Estados Unidos e a China afetam diretamente as rotas transpacíficas de Matson.

• Taxas tarifárias em bens chineses: 7,3% média em 2024
• Redução do volume de remessa transpacífico: 12,5% desde 2022
• Impacto anual estimado da receita: US $ 42,6 milhões

Jones ACT CONSELHEIR

Matson opera 6 navios com bandeira dos EUA Para o transporte marítimo doméstico, aderindo totalmente aos requisitos da Lei Jones.

Categoria JONES ACTA	Número de embarcações
Recipientes	4
Roll-on/roll-off	2

Tensões geopolíticas na Ásia-Pacífico

A logística de remessa é influenciada pelas tensões regionais em andamento, principalmente no Mar da China Meridional.

• Custo estimado de desvio da rota: US $ 3,2 milhões anualmente
• Prêmios adicionais de seguro marítimo: aumento de 4,7% em 2024
• Despesas de planejamento de rota de contingência: US $ 1,9 milhão

Matson, Inc. (MATX) - Análise de pilão: Fatores econômicos

Volumes comerciais globais flutuantes

Os fluxos de receita de Matson são afetados diretamente pelos volumes de negócios globais. No terceiro trimestre de 2023, Matson registrou receita de transporte oceânica de US $ 537,7 milhões, refletindo a sensibilidade à dinâmica internacional do comércio.

Ano	Receita de transporte do oceano	Impacto de volume comercial
2023 Q3	US $ 537,7 milhões	-5,2% declínio ano a ano
2022 ano inteiro	US $ 2,25 bilhões	+14,3% de aumento de volume comercial

Volatilidade do preço do combustível

Os custos operacionais são significativamente influenciados pelos preços dos combustíveis. Em 2023, os custos de combustível marítimo tiveram uma média de US $ 589 por tonelada, impactando diretamente as taxas de frete de remessa.

Ano	Custo médio de combustível marinho	Ajuste da taxa de frete
2023	US $ 589/ton métrica	+7,2% de aumento da taxa de frete
2022	US $ 678/ton métrica	+12,5% de aumento da taxa de frete

Desempenho econômico dos mercados dos EUA e da Ásia-Pacífico

A demanda de transporte está intimamente ligada ao desempenho econômico. No quarto trimestre 2023, o crescimento do PIB dos EUA foi de 2,9%, enquanto o crescimento do PIB da Ásia-Pacífico foi de 4,6%, influenciando diretamente os volumes de remessa de Matson.

Região	Crescimento do PIB 2023	Impacto do volume de envio
Estados Unidos	2.9%	Demanda de transporte moderado
Ásia-Pacífico	4.6%	Forte demanda de transporte

Interrupções globais da cadeia de suprimentos

A incerteza do mercado persiste devido aos desafios da cadeia de suprimentos em andamento. Em 2023, os atrasos no envio de contêineres tiveram uma média de 3,2 dias, impactando a eficiência operacional de Matson.

Ano	Atrasos médios de envio	Impacto econômico
2023	3,2 dias	Ajuste de receita de US $ 42,5 milhões
2022	4,7 dias	US $ 67,3 milhões de ajuste de receita

Matson, Inc. (MATX) - Análise de pilão: Fatores sociais

Aumento da demanda do consumidor por soluções de remessa mais rápidas e sustentáveis

De acordo com o relatório de tendências de logística de 2023, 68% dos consumidores priorizam a velocidade de remessa e a sustentabilidade ambiental ao selecionar provedores de logística. O tempo médio de trânsito de Matson para rotas transpacíficas é de 9,2 dias, em comparação com a média da indústria de 12,5 dias.

Métrica de preferência do consumidor	Percentagem
Prioridade da velocidade de envio	42%
Prioridade da sustentabilidade ambiental	26%
Sensibilidade ao custo	32%

Tendências crescentes de comércio eletrônico impulsionam mudanças nos serviços de logística e transporte

As vendas globais de comércio eletrônico atingiram US $ 5,7 trilhões em 2023, com crescimento projetado para US $ 8,1 trilhões até 2026. As plataformas de remessa digital de Matson sofreram um aumento de 37% na adoção do usuário em 2023.

Métrica de comércio eletrônico	2023 valor
Vendas globais de comércio eletrônico	US $ 5,7 trilhões
Crescimento da plataforma digital Matson	37%
Transações de remessa on -line	2,3 milhões

Mudanças demográficas da força de trabalho impactam estratégias de aquisição e retenção de talentos

A idade média da força de trabalho de Matson é de 44,2 anos, com 28% dos funcionários com menos de 35 anos. A representação da diversidade da empresa inclui 35% de minorias raciais/étnicas e 22% de mulheres em posições de liderança.

Força de trabalho demográfica	Percentagem
Funcionários com menos de 35 anos	28%
Minorias raciais/étnicas	35%
Mulheres em liderança	22%

Preferência do consumidor por empresas de navegação ambientalmente responsáveis

Matson reduziu as emissões de carbono em 22% em 2023 através da modernização da frota e tecnologias alternativas de combustível. 64% dos clientes pesquisados ​​indicaram vontade de pagar um prêmio por opções de remessa sustentáveis.

Métrica de sustentabilidade	Valor
Redução de emissão de carbono	22%
Clientes preferindo envio sustentável	64%
Investimento em tecnologias verdes	US $ 47 milhões

Matson, Inc. (MATX) - Análise de Pestle: Fatores tecnológicos

Os sistemas avançados de rastreamento e gerenciamento de logística aumentam a eficiência operacional

A Matson investiu US $ 12,3 milhões em tecnologia avançada de gerenciamento de logística em 2023. O sistema de rastreamento digital da empresa cobre 98,7% de suas rotas de remessa com o monitoramento de GPS em tempo real.

Investimento em tecnologia	2023 quantidade	Porcentagem de cobertura
Sistemas de gerenciamento de logística	US $ 12,3 milhões	98.7%
Infraestrutura de rastreamento digital	US $ 5,7 milhões	95.4%

Investimento em plataformas digitais para monitoramento de remessa em tempo real e atendimento ao cliente

Matson implantou a plataforma de atendimento ao cliente baseada em nuvem No quarto trimestre 2023, reduzindo os tempos de resposta ao cliente em 42%. A plataforma digital suporta 3.200 interações simultâneas do usuário.

Métricas de plataforma digital	Indicador de desempenho
Redução do tempo de resposta	42%
Suporte simultâneo ao usuário	3.200 usuários

Tecnologias de automação Melhorando processos de manuseio de porta e carga

A Matson implementou sistemas automatizados de manuseio de carga em 7 principais portos, reduzindo os custos manuais de mão -de -obra em US $ 4,6 milhões anualmente. Os sistemas robóticos agora gerenciam 63% dos processos de carregamento e descarregamento de contêineres.

Implementação de automação	Cobertura da porta	Economia de custos
Manuseio de carga automatizado	7 portas principais	US $ 4,6 milhões/ano
Porcentagem de carregamento robótico	63%	N / D

Tecnologias emergentes como blockchain potencialmente transformando logística marítima

Matson alocou US $ 2,9 milhões para pesquisa e desenvolvimento de tecnologia de blockchain em 2023. A Companhia iniciou programas piloto com 14 parceiros de logística para explorar a implementação do blockchain.

Tecnologia Blockchain	Investimento	Engajamento do parceiro
Investimento em P&D	US $ 2,9 milhões	N / D
Pilotos de parceiros de logística	N / D	14 parceiros

Matson, Inc. (MATX) - Análise de pilão: Fatores legais

Conformidade com regulamentos de segurança marítima e padrões internacionais de remessa

Matson, Inc. adere a vários regulamentos internacionais de segurança marítima, incluindo:

Órgão regulatório	Requisitos de conformidade	Custo de verificação anual
Organização Marítima Internacional (IMO)	Solas Convention Compliance	US $ 1,2 milhão
Guarda Costeira dos EUA	Certificação do sistema de gerenciamento de segurança	$850,000
Convenção Internacional para Prevenção de Poluição de Navios (Marpol)	Padrões de segurança ambiental	US $ 1,5 milhão

Leis de proteção ambiental que regem o transporte marítimo

A conformidade ambiental de Matson envolve investimentos significativos:

Regulamentação ambiental	Despesas de conformidade (2023)	Alvo de redução de emissão
Convenção de gerenciamento de água de lastro	US $ 3,4 milhões	90% de eficiência do tratamento de água
Áreas de controle de emissões de enxofre	US $ 2,7 milhões	Limite de conteúdo de enxofre a 0,5%

Regulamentos trabalhistas que afetam o gerenciamento da força de trabalho

Métricas legais de conformidade da força de trabalho:

• Força de trabalho marítima total: 2.100 funcionários
• Representação do sindicato: 78% do pessoal marítimo
• Despesas legais anuais de conformidade trabalhista: US $ 1,6 milhão

Potenciais desafios legais em acordos internacionais de comércio e remessa

Acordo de Comércio	Risco legal potencial	Orçamento de mitigação
Jones ACT CONSELHEIR	Restrições de envio doméstico dos EUA	US $ 4,2 milhões
Acordos comerciais do Pacífico	Complexidades de regulação aduaneira	US $ 2,9 milhões

Despesas anuais de conformidade legal anual: US $ 17,3 milhões

Matson, Inc. (MATX) - Análise de Pestle: Fatores Ambientais

Foco crescente na redução de emissões de carbono no transporte marítimo

Matson, Inc. relatou um 15,2% de redução nas emissões de CO2 por contêiner transportado entre 2018 e 2022. As emissões totais de gases de efeito estufa da empresa em 2022 foram de 1.245.670 toneladas de Métricas de CO2.

Ano	Emissões de CO2 (toneladas métricas)	Porcentagem de redução
2020	1,356,890	8.7%
2021	1,298,450	12.4%
2022	1,245,670	15.2%

Implementando práticas de remessa sustentável e tecnologia verde

A Matson investiu US $ 287 milhões em tecnologias de embarcações ecológicas entre 2020-2023. A empresa implantou 3 novos navios movidos a LNG com 30% de emissões mais baixas Comparado aos motores a diesel marinhos tradicionais.

Investimento em tecnologia	Valor ($)	Ano
Atualizações de embarcações de GNL	157,000,000	2021
Sistemas de eficiência de combustível	86,500,000	2022
Tecnologias de redução de emissões	43,500,000	2023

Adaptação a regulamentos ambientais mais rígidos na indústria de transporte marítimo

Matson está em conformidade com os padrões de emissão de óxido de nitrogênio da Organização Marítima Internacional (IMO). A empresa alcançou 98,6% de conformidade com regulamentos ambientais marítimos globais em 2022.

Investindo em embarcações com eficiência de combustível e tecnologias de propulsão alternativas

Em 2022, a frota de Matson alcançou uma eficiência média de combustível de 22,4 gramas de CO2 por tonelada, em comparação com a média da indústria de 25,7 gramas. A empresa comprometeu US $ 425 milhões à modernização da frota com tecnologias de baixa emissão até 2025.

Tecnologia de propulsão	Investimento ($)	Redução de emissão
Propulsão de GNL	195,000,000	25-30%
Sistemas elétricos híbridos	125,000,000	15-20%
Designs avançados de Hull	105,000,000	10-15%

Matson, Inc. (MATX) - PESTLE Analysis: Social factors

Sociological

You are looking at how consumer behavior and global shifts are reshaping the demand for Matson, Inc.'s core services right now, in 2025. The social fabric of consumption, particularly the need for speed, is a major tailwind for your premium Asia routes.

The e-commerce boom is still very much alive in the Transpacific lane, driving significant volume. Honestly, in 2025, e-commerce is responsible for a 25% increase in overall Trans-Pacific shipping volume. This isn't just big containers; small parcels now make up about 40% of the total air and sea mix on these routes. That pressure for 2-day delivery trickles down, demanding better integration and faster throughput from carriers like Matson.

The 'China Plus One' strategy is actively redrawing the map of where goods originate. By mid-2025, the share of U.S. imports coming directly from China had fallen to just 9% of the total, down from 13% in 2024. This shift is funneling new opportunities into Southeast Asia, especially Vietnam. For example, Vietnam's total export volumes rose 14% year-over-year through August 2025, with exports specifically to the U.S. increasing by 29% in May alone. Still, this growth isn't seamless; logistics costs in Vietnam remain high, accounting for roughly 16.5% of its GDP.

For your domestic routes, high inflation is definitely tempering local spending power. In Hawaii, the expected consumer inflation rate for 2025 is 3.0%, which is slightly above the projected national average of 2.8%. Alaska residents are also feeling the pinch, with the state registering one of the highest average cost increases nationally due to broader economic policies. Here's the quick math: while the national economy is expected to see real consumer spending grow by 2.1% in 2025, local pressures can create volatility. What this estimate hides is that Matson's actual performance in Q2 2025 showed resilience: Hawaii container volume was up 2.9% and Alaska volume rose 2.7% year-over-year, partially due to competitor service disruptions.

The social contract Matson holds with the non-contiguous U.S. territories is a major, non-negotiable factor. Matson provides a vital lifeline of ocean freight transportation services to the domestic economies of Hawaii, Alaska, and Guam. This isn't just a business line; it's a public trust that influences political sentiment. To demonstrate commitment beyond freight, Matson has pledged $10 million in cash and in-kind shipping services to food bank networks supporting families in need across Hawaii, Alaska, and Guam.

Key Social Dynamics for 2025:

• E-commerce drives 25% Transpacific volume growth.
• Small parcel share is 40% of air/sea mix.
• Hawaii 2025 inflation forecast: 3.0%.
• Vietnam exports to US grew 29% in May 2025.
• Matson committed $10 million to regional food banks.

The shift in manufacturing means new trade lanes are opening, but the domestic islands still rely on you for basic sustenance. We need to track local consumer sentiment against the actual cargo flows we see.

Social Factor Impact Summary (2025 Data)

Factor	Metric/Data Point	Source/Context
E-commerce Demand	25% volume growth in Transpacific	Driven by consumer expectation for speed.
Manufacturing Shift (Vietnam)	Vietnam exports to US grew 29% (May 2025)	'China Plus One' strategy creating new export hubs.
Domestic Inflation (Hawaii)	Expected CPI-U of 3.0% in 2025	Higher than US national projection of 2.8%.
Domestic Volume Resilience (Hawaii)	Q2 2025 container volume up 2.9% YoY	Shows essential service demand overriding some local headwinds.
Community Investment	$10 million committed to food banks	Social responsibility in non-contiguous markets.

If onboarding takes 14+ days, churn risk rises in the premium e-commerce segment.

Finance: draft 13-week cash view by Friday.

Matson, Inc. (MATX) - PESTLE Analysis: Technological factors

You're looking at how Matson is using tech to stay ahead in a tough shipping market, and honestly, the focus is sharp: efficiency, compliance, and safety. The big takeaway here is that technology isn't just a cost center; it's becoming central to their operational edge, especially with major capital flowing into new assets and environmental tech.

Adoption of Artificial Intelligence (AI) and advanced analytics to optimize vessel routing and demand forecasting

While the broader logistics industry in 2025 is seeing organizations report up to a 38% improvement in predictive ETAs by deploying AI-enabled platforms, Matson is integrating this intelligence where it matters most for their specific trade lanes. The most concrete example right now is the new whale detection system, which is explicitly described as using AI-driven detection. This shows a clear path for applying advanced analytics beyond just back-office planning and into real-time, on-the-water decision support. For vessel routing, the goal is always to shave hours off transit times, which directly impacts fuel burn and schedule reliability. We expect to see more internal deployment of augmented analytics to refine demand forecasting for their core Hawaii and Alaska routes, helping them position capacity more effectively against competitors.

Here's the quick math on the investment side: Matson projected new vessel construction expenditures for the full year 2025 to be approximately $248 million, which includes the latest digital and efficiency systems baked into the build. What this estimate hides is the ongoing software spend for the analytics platforms themselves.

Increased use of Internet of Things (IoT) sensors for real-time cargo tracking and supply chain visibility

Matson already provides customers with real-time container tracking using GPS and Electronic Data Interchange (EDI) integration, which is standard for a premium carrier. This visibility is crucial for their Logistics segment, which handles everything from brokerage to warehousing. The underlying IoT infrastructure that feeds these tracking systems is what allows for that end-to-end visibility that shippers demand. For you, this means you can check the status of your container using the MATU prefix number on their online tools for high-level status updates. Still, the real value of IoT sensors is moving beyond just location to condition monitoring-temperature, shock, and humidity-which is vital for high-value goods moving through the Pacific. We need to watch for announcements regarding expanded sensor deployment beyond basic GPS tracking.

Investment in new whale detection technology deployed on vessels for environmental and operational safety

This is a clear, actionable step Matson took in late 2025 to blend environmental stewardship with operational safety. Matson announced a product agreement on November 3, 2025, to deploy the WhaleSpotter system, developed with the Woods Hole Oceanographic Institution (WHOI). This system uses thermal and AI-driven detection to reliably spot whales up to three nautical miles away, day or night. The company has already successfully trialed three units and ordered four additional units for vessels serving Hawaii and Alaska. This initiative was partly funded by a $1 million research grant Matson provided to WHOI back in 2023. It's a tangible investment that directly reduces the risk of ship strikes, which is a major operational hazard and regulatory concern in certain zones.

Newest vessels utilize main engines that meet the International Maritime Organization (IMO) Tier III standards for nitrogen oxide (NOx)

Compliance with increasingly strict environmental rules is a massive technological driver in shipping, and Matson is positioning its fleet for the long haul. Their newest build main engines are designed to meet IMO Tier III standards for nitrogen oxide (NOx) emissions, which is a significant step up from earlier requirements. For example, the Lurline and Matsonia already use Tier 3 engines, which cut NOx emissions by approximately 80% compared to older Tier 1 engines. Furthermore, Matson is making its new Aloha Class containerships LNG-ready and dual-fuel capable, representing about $1 billion in new capital investment for just those three vessels. This focus on cleaner engines and alternative fuel readiness is key to meeting their goal of a 40% reduction in Scope 1 fleet emissions by 2030.

Here is a quick look at the technology-linked capital deployment for the 2025 fiscal year:

Technology/Asset Category	Projected 2025 Fiscal Year Value
New Vessel Construction Expenditures	Approximately $248 million
LNG Installations and Reengining on Existing Vessels	Approximately $130 million
Maintenance Capital Expenditures	Approximately $130 million
Total Whale Detection Units Ordered (Additional)	4 units

The commitment to LNG-ready designs is defintely a hedge against future carbon taxes or stricter regulations. Also, the fact that they are planning for $130 million in LNG installations and reengining shows they aren't just waiting for new builds to get cleaner.

• AI-driven whale detection deployed on Hawaii/Alaska routes.
• New vessels are LNG-ready and IMO Tier III compliant.
• Older vessels use scrubbers to meet IMO 2020 standards.
• Real-time tracking relies on established GPS/EDI integration.

Finance: draft 13-week cash view by Friday.

Matson, Inc. (MATX) - PESTLE Analysis: Legal factors

You're looking at the legal landscape for Matson, Inc., and honestly, the biggest factor protecting your core business-domestic routes-is a century-old piece of legislation. The Jones Act is the bedrock here, mandating that vessels in the U.S. domestic trade must be built, owned, crewed, and flagged in the United States. This essentially locks out foreign competition on key routes like the vital lifeline to Hawaii, Alaska, and Guam, which is a massive competitive moat for Matson. Still, this protection isn't static; we saw in April 2025 that Matson had to intervene in a lawsuit challenging the Act's constitutionality, showing that even the strongest legal shields face legal challenges.

The Jones Act: Core Protection and Ongoing Scrutiny

The Jones Act is your primary defense against lower-cost international carriers on your non-contiguous routes. It ensures that Matson, with its U.S.-flagged fleet, remains the default provider for essential goods movement to places like Hawaii. To be fair, this protection comes with the cost of higher domestic shipbuilding prices, but it guarantees market access. In 2025, the debate around the Act's economic impact on island states continued, evidenced by legal challenges filed against its constitutionality.

US-China Trade Deal: Immediate Port Fee Relief

The recent diplomatic move between Washington and Beijing offers immediate, tangible relief from escalating trade friction costs. Following an agreement between President Trump and President Xi Jinping in late 2025, a one-year regulatory pause on reciprocal port entry fees began on November 10, 2025. Before this pause, Matson had already paid $6.4 million in Chinese port fees since the levies started on October 14, 2025. CEO Matt Cox noted that without this deal, Matson could have faced an annual cost exposure of $80 million in port fees for 2026 and 2027. This truce significantly reduces near-term cost uncertainty on the transpacific leg.

Here's the quick math on the immediate financial impact of the fee suspension:

Metric	Value	Context
Fees Paid by Matson (Oct 14 - Nov 10, 2025)	$6.4 million	Amount paid to China before the one-year pause began.
Estimated Annual Exposure (If no pause)	$80 million	Estimated cost for Matson in 2026/2027 without the agreement.
Pause Duration	12 months	Suspension period for reciprocal port levies starting November 10, 2025.
Total Suspended US Fees (Annual Estimate)	$3.2 billion	Estimated annual value of US port fees on China-linked vessels suspended.

What this estimate hides is the ongoing uncertainty about the next year, but for now, you get a clear runway. Finance: draft 13-week cash view by Friday incorporating the expected refund process for the $6.4 million already paid.

Electric Vehicle Shipments Halted Due to Safety Regulations

In July 2025, Matson made a decisive, albeit disruptive, move by suspending all new bookings for shipping electric vehicles (EVs) and plug-in hybrid vehicles (PHEVs). This action stemmed directly from increasing safety and regulatory concerns surrounding the fire hazard posed by large lithium-ion batteries at sea, especially after the June 2025 sinking of the Morning Midas cargo ship. Since Matson loads vehicles into containers, fire monitoring and suppression are inherently more difficult than on dedicated car carriers. This policy shift immediately impacts markets like Hawaii, where the Hawaii Electric Vehicle Association reports over 37,000 EVs are registered. The company is clear: they will only resume service when safety solutions meet their requirements.

Key takeaways from the EV suspension:

• Decision announced in July 2025.
• Cites increasing fire risk from lithium-ion batteries.
• Followed the sinking of the Morning Midas in June 2025.
• Affects transport to Hawaii, Guam, and Alaska trades.

IMO 2020 Fuel and Emission Compliance

Legally, Matson must adhere to the International Maritime Organization's (IMO) 2020 sulfur cap, which has been in effect since January 1, 2020. This regulation forces vessels to use marine fuels with a sulfur content no greater than 0.5% or install exhaust gas cleaning systems, commonly known as scrubbers. While the initial transition costs were absorbed years ago, the ongoing operational cost difference between compliant low-sulfur fuels and pre-2020 high-sulfur fuel oil remains a factor in your operating expense structure. Compliance is near-universal across the industry now, but the choice between fuel switching or capital investment in scrubbers dictates a long-term financial strategy.

Matson, Inc. (MATX) - PESTLE Analysis: Environmental factors

You're looking at Matson, Inc.'s environmental commitments, and honestly, the shipping industry faces a massive transition. The pressure to decarbonize is real, and Matson has set some ambitious targets to keep pace with global maritime standards.

The core of their strategy revolves around reducing Scope 1 Greenhouse Gas (GHG) emissions-the direct stuff coming from burning fuel on their owned fleet. They are playing the long game here, but the near-term milestones are what we need to watch for capital allocation.

Decarbonization Goals and Progress

Matson, Inc. has publicly committed to a significant interim goal: cutting Scope 1 GHG emissions by 40% by 2030, using 2016 as the baseline year for measurement. That's a big ask over a decade, especially for an asset-heavy business. Their long-term vision is even more aggressive, aiming for net-zero Scope 1 fleet emissions by 2050.

Here's the quick math on where they stood as of the last reported data. While we await the full 2025 fiscal year report, the latest public update showed progress toward that 2030 target. What this estimate hides is the non-linear nature of these investments; some years will show big drops, others less so.

The latest reported progress indicates they achieved a 19% decrease in Scope 1 fleet emissions since the 2016 baseline, as of the end of 2023. That means they were more than halfway to their 2030 goal with six years left, which is a solid start, but the remaining reduction will require significant, costly technological shifts.

Here is a summary of those key targets:

Metric	Target/Baseline	Status/Year Reported
Scope 1 GHG Reduction Goal	40% reduction	By 2030 (from 2016 baseline)
Net-Zero Goal	Net zero Scope 1 emissions	By 2050
Progress to Date	19% decrease in Scope 1 emissions	As of year-end 2023
Baseline Year	2016	First full year after Horizon Lines Alaska acquisition

Alternative Fuels and Fleet Modernization

The path to net-zero definitely involves changing what powers the ships. Matson, Inc. is actively exploring Liquefied Natural Gas (LNG) and other alternative fuels to lower that carbon footprint. They are putting serious capital behind this exploration, which is the right move for a company whose main source of Scope 1 emissions is fuel burn.

They have already made tangible steps with their fleet modernization program. For instance, they completed the installation of LNG tanks and equipment aboard the Daniel K. Inouye, a conversion expected to cut that vessel's $\text{CO}_2$ emissions by 24%. They also plan to replace the main engine on the Manukai with a dual-fuel engine, a project taking about a year.

Plus, they are investing heavily in new hardware. Matson, Inc. committed approximately $1 billion for three new Aloha Class containerships, slated for delivery in 2026 and 2027. These new vessels are being built LNG-ready with dual-fuel engines, meaning they can use LNG or conventional fuels right away, and are set up for future carbon-neutral fuels.

Shore Power and Port Emissions Control

When the ships are in port, they have a clear strategy to eliminate engine emissions right there. Matson, Inc. regularly uses shore power, often called cold ironing, in ports in California and China. This lets the vessel shut down its main and auxiliary engines and plug into the local electrical grid instead.

This is a smart, immediate action that cuts local air pollutants, not just GHGs. In California, the grid power used for this is mandated to be at least 33% carbon-free power after 2020.

Beyond just plugging in, engine technology is playing a role. Several vessels, including the Lurline, Matsonia, and Manukai, feature Tier 3 engines. These engines reduce nitrogen oxide ($\text{NO}_{\text{x}}$) emissions by roughly 80% compared to older Tier 1 engines, making them some of the cleanest deep-sea vessels calling the U.S. West Coast. They plan to install these Tier 3 engines on the three new Aloha Class ships as well.

• Use shore power in California and China ports.
• Lurline, Matsonia, Manukai have Tier 3 engines.
• Tier 3 engines cut $\text{NO}_{\text{x}}$ by about 80% vs. Tier 1.
• New Aloha Class ships will be dual-fuel capable.

Finance: draft 13-week cash view by Friday.