Matson (MATX) 10-Q7 Nov 132013 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2013
Document and Entity Information	'
Entity Registrant Name	'Matson, Inc.
Entity Central Index Key	'0000003453
Document Type	'10-Q
Document Period End Date	30-Sep-13
Amendment Flag	'false
Current Fiscal Year End Date	'--12-31
Entity Current Reporting Status	'Yes
Entity Filer Category	'Large Accelerated Filer
Entity Common Stock, Shares Outstanding	42,838,736
Document Fiscal Year Focus	'2013
Document Fiscal Period Focus	'Q3

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income and Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Operating Revenue:	'	'	'	'
Ocean transportation	$310.10	$307.10	$920	$886.10
Logistics	104.9	94.3	306.3	275.6
Total operating revenue	415	401.4	1,226.30	1,161.70
Costs and Expenses:	'	'	'	'
Operating costs	353.6	337	1,041.30	996
Equity in loss (income) of terminal joint venture	2.4	-0.7	3	-3.1
Selling, general and administrative	31.8	30.6	99.6	87.4
Separation costs	'	0.3	'	8.6
Operating costs and expenses	387.8	367.2	1,143.90	1,088.90
Operating Income	27.2	34.2	82.4	72.8
Interest expense	-3.6	-4	-10.9	-7.9
Income from Continuing Operations Before Income Taxes	23.6	30.2	71.5	64.9
Income tax expense	-6.4	-11.2	-25.1	-28.6
Income From Continuing Operations	17.2	19	46.4	36.3
Income (Loss) From Discontinued Operations (net of income taxes)	'	0.1	'	-6
Net Income	17.2	19.1	46.4	30.3
Other Comprehensive Income, Net of Tax:	'	'	'	'
Net Income	17.2	19.1	46.4	30.3
Defined benefit pension plans:	'	'	'	'
Net loss and prior service cost	'	'	-0.8	-1.1
Less: amortization of prior service credit included in net periodic pension cost	-0.3	-0.5	-1	-1
Less: amortization of net loss included in net periodic pension cost	1.2	1.3	3.5	3.5
Foreign currency translation adjustment	0.1	'	-0.1	'
Other Comprehensive Income	1	0.8	1.6	1.4
Comprehensive Income	$18.20	$19.90	$48	$31.70
Basic Earnings Per Share:	'	'	'	'
Continuing operations (in dollars per share)	$0.40	$0.45	$1.09	$0.86
Discontinued operations (in dollars per share)	'	'	'	($0.14)
Net income (in dollars per share)	$0.40	$0.45	$1.09	$0.72
Diluted Earnings Per Share:	'	'	'	'
Continuing operations (in dollars per share)	$0.40	$0.45	$1.08	$0.85
Discontinued operations (in dollars per share)	'	'	'	($0.14)
Net income (in dollars per share)	$0.40	$0.45	$1.08	$0.71
Weighted Average Number of Shares Outstanding:	'	'	'	'
Basic (in shares)	42.8	42.5	42.7	42.2
Diluted (in shares)	43.3	42.8	43.1	42.6
Cash Dividends Per Share (in dollars per share)	$0.16	$0.15	$0.46	$0.78

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Millions, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Current Assets:	'	'
Cash and cash equivalents	$81.80	$19.90
Accounts and notes receivable, net	171.1	174.7
Inventories	4.3	4.3
Deferred income taxes	6.6	6.6
Prepaid expenses and other assets	48.3	28.6
Total current assets	312.1	234.1
Investment in terminal joint venture	56.6	59.6
Property, at cost	1,783.10	1,770.80
Less accumulated depreciation and amortization	-1,046.90	-1,008.30
Property - net	736.2	762.5
Other assets	115.3	118.1
Total	1,220.20	1,174.30
Current Liabilities:	'	'
Notes payable and current portion of long-term debt	12.5	16.4
Accounts payable	128.1	125.8
Payroll and vacation benefits	15	16
Uninsured claims	13.4	11.2
Accrued and other liabilities	20.3	24
Total current liabilities	189.3	193.4
Long-term Liabilities:	'	'
Long-term debt	277.4	302.7
Deferred income taxes	296.9	251.9
Employee benefit plans	106	108
Uninsured claims and other liabilities	35	38.4
Total long-term liabilities	715.3	701
Commitments and Contingencies (Note 4)	'	'
Shareholders' Equity:	'	'
Capital stock	32.1	31.9
Additional paid in capital	260.1	252.7
Accumulated other comprehensive loss	-43.9	-45.5
Retained earnings	67.3	40.8
Total shareholders' equity	315.6	279.9
Total	$1,220.20	$1,174.30

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement of Stockholders' Equity (USD $)	Total	Common Stock	Additional Capital	Accumulated Other Comprehensive Income	Retained Earnings
In Millions, unless otherwise specified	Total	Common Stock	Additional Capital	Accumulated Other Comprehensive Income	Retained Earnings
Balance at Dec. 31, 2012	$279.90	$31.90	$252.70	($45.50)	$40.80
Balance (in shares) at Dec. 31, 2012	'	42.6	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'
Net Income	46.4	'	'	'	46.4
Other comprehensive income	1.6	'	'	1.6	'
Excess tax benefit and share withholding	1.7	'	1.7	'	'
Share-based compensation	4.3	'	4.3	'	'
Shares issued	1.6	0.2	1.4	'	'
Shares issued (in shares)	'	0.2	'	'	'
Dividends	-19.9	'	'	'	-19.9
Balance at Sep. 30, 2013	$315.60	$32.10	$260.10	($43.90)	$67.30
Balance (in shares) at Sep. 30, 2013	'	42.8	'	'	'

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash Flows from Operating Activities from Continuing Operations	'	'
Income From Continuing Operations	$46.40	$36.30
Reconciling adjustments:	'	'
Depreciation and amortization	52.1	56
Deferred income taxes	43.9	-7.2
Gain on disposal of property	'	-0.2
Post-retirement expense	1.2	2.4
Share-based compensation expense	4.3	2.9
Equity in loss (income) of terminal joint venture	3	-3.1
Changes in assets and liabilities:	'	'
Accounts receivable	3.7	2.3
Inventory	'	-0.1
Deferred dry-docking payments	-10.6	-32.2
Deferred dry-docking amortization	17.1	17.3
Prepaid expenses and other assets	-23.8	-5.3
Accounts payable and accrued liabilities	4.8	-9.5
Other liabilities	-4.3	8.7
Net cash provided by operating activities from continuing operations	137.8	68.3
Cash Flows from Investing Activities from Continuing Operations:	'	'
Capital expenditures	-19.7	-30.8
Proceeds from disposal of property and other assets	4	0.9
Deposits into Capital Construction Fund	-4.4	-4.4
Withdrawals from Capital Construction Fund	4.4	4.4
Acquisitions and other	-9.3	'
Contribution from the Former Parent Company	'	24.9
Net cash used in investing activities from continuing operations	-25	-5
Cash Flows from Financing Activities from Continuing Operations:	'	'
Proceeds from issuance of long-term debt net of issuance costs	21	185.1
Payments of long-term debt	-41.9	-49.9
Payments on line-of-credit agreements, net	-11	-6
Payment on capital leases	-0.8	'
Contribution upon Separation to A&B	'	-155
Proceeds from issuance of capital stock	1.7	24.8
Distribution to the Former Parent Company for proceeds from issuance of capital stock	'	-21.7
Cash assumed by A&B upon Separation	'	-2.5
Dividends paid	-19.9	-33.1
Net cash used in financing activities from continuing operations	-50.9	-58.3
Cash Flows from Discontinued Operations:	'	'
Cash flows used in operating activities of discontinued operations	'	-30.1
Cash flows used in investing activities of discontinued operations	'	-18.8
Cash flows provided by financing activities of discontinued operations	'	33.9
Net cash flows used in discontinued operations	'	-15
Net Increase in Cash and Cash Equivalents	61.9	-10
Cash and cash equivalents, beginning of the period	19.9	21.5
Cash and cash equivalents, end of the period	81.8	11.5
Other Cash Flow Information:	'	'
Interest paid	8.9	6.5
Income taxes paid	8.9	28.2
Other Non-cash Information:	'	'
Capital expenditures included in accounts payable and accrued liabilities	3	0.1
Non-cash capital lease obligations	$2.90	'

Description_of_Business

Description of Business:	9 Months Ended
	Sep. 30, 2013
Description of Business:	'
Description of Business:	'
	(1) *Description of Business* “Matson” or the “Company” means Matson, Inc., a holding company incorporated in January 2012 in the State of Hawaii, together with its primary operating company, Matson Navigation Company, Inc. (“MatNav”), and all of its subsidiaries. MatNav is a wholly-owned subsidiary of Matson, Inc.

	Founded in 1882, Matson is a leading U.S. ocean freight carrier in the Pacific. Matson provides a vital lifeline to the island economies of Hawaii, Guam and Micronesia, and operates a premium, expedited service from China to Southern California. Also, effective January 2013, the Company began providing service to various islands in the South Pacific. The Company owns a fleet of 18 vessels including containerships, combination container and roll-on/roll-off ships and custom-designed barges. Matson Logistics, Inc. (“Matson Logistics” or “Logistics”), a wholly-owned subsidiary of MatNav, was established in 1987 and extends the geographic reach of Matson’s transportation network throughout the continental U.S. and China. Matson Logistics’ integrated, asset-light logistics services include rail intermodal, highway brokerage and warehousing.

	Ocean Transportation: The ocean transportation segment of Matson’s business, which is conducted through MatNav, is an asset-based business that generates revenue primarily through the carriage of containerized freight between various U.S. Pacific Coast, Hawaii, Guam, Micronesia, China and other Pacific island ports.

	In January 2013, Matson purchased the primary assets of the former Reef Shipping Limited, a South Pacific ocean carrier based in Auckland, New Zealand. Matson South Pacific transports freight between New Zealand and other South Pacific Islands, such as Fiji, Samoa, American Samoa, Tonga and Cook Islands.

	The Company also has a 35 percent ownership interest in SSA Terminals, LLC (“SSAT”) through a joint venture between Matson Ventures, Inc., a wholly-owned subsidiary of MatNav, and SSA Ventures, Inc. (“SSA”), a subsidiary of Carrix, Inc. SSAT provides terminal and stevedoring services to various carriers at six terminal facilities on the U.S. Pacific Coast and to MatNav at several of those facilities. Matson records its share of income in the joint venture in operating expenses within the ocean transportation segment, due to the operations of the joint venture being an integral part of the Company’s business.

	Logistics: The logistics segment of Matson’s business, which is conducted through Matson Logistics, is an asset-light business that provides domestic and international rail intermodal service (“Intermodal”), long-haul and regional highway brokerage, specialized hauling, flat-bed and project work, less-than-truckload services, expedited freight services, and warehousing and distribution services (collectively “Highway”). Warehousing, packaging and distribution services are provided by Matson Logistics Warehousing, Inc. (“Matson Logistics Warehousing”), a wholly-owned subsidiary of Matson Logistics.

	Separation Transaction: On December 1, 2011, Alexander & Baldwin, Inc., the former parent company of MatNav (the “Former Parent Company”), announced that its Board of Directors unanimously approved a plan to pursue the separation (the “Separation”) of the Former Parent Company to create two independent, publicly traded companies:

	· Matson, a Hawaii-based ocean transportation company serving the U.S. Pacific Coast, Hawaii, Guam, Micronesia and China, and a logistics company; and

	· Alexander & Baldwin, Inc. (“A&B”), a Hawaii-based land company with interests in real estate development, commercial real estate and agriculture.

	On February 13, 2012, the Former Parent Company entered into an Agreement and Plan of Merger to reorganize itself by forming a holding company incorporated in Hawaii, Alexander & Baldwin Holdings, Inc. (“Holdings”). The holding company structure helped facilitate the Separation through the organization and segregation of the assets of the two businesses. In addition, the holding company reorganization was intended to help preserve the Company’s status as a U.S. citizen under certain U.S. maritime and vessel documentation laws (popularly referred to as the Jones Act) by, amongst other things, limiting the percentage of outstanding shares of common stock in the holding company that may be owned or controlled in the aggregate by non-U.S. citizens to a maximum permitted percentage of 22%.

	The Separation was completed on June 29, 2012. In the Separation, the shareholders of Holdings received one share of common stock of A&B for every share of Holdings held of record as of June 18, 2012. Immediately following the Separation, Alexander & Baldwin Holdings, Inc. changed its name to Matson, Inc. For accounting purposes, Matson is the successor company to the Former Parent Company.

	Prior to the completion of the Separation, the Company and A&B entered into a Separation and Distribution Agreement, Tax Sharing Agreement and an Employee Matters Agreement, each dated June 8, 2012, that govern the post-Separation relationship. In addition, the Company and A&B entered into a Transition Services Agreement, dated June 8, 2012, under which each company agreed to provide the other with various services on an interim, transitional basis, for up to 24 months.

	Also in relation to the Separation, intercompany receivables, payables, loans and other accounts between A&B and Matson, in existence immediately prior to the Separation, were satisfied and/or settled; and intercompany agreements and all other arrangements in effect immediately prior to the distribution were terminated or canceled, subject to certain exceptions.

	During the year ended December 31, 2012, Matson incurred total cash outflows of $166.2 million in relation to the Separation. The total cash outflows were made up of three components: capital contribution, capitalized debt financing costs and Separation related expenses referred to as Separation costs in the Condensed Consolidated Statements of Income and Comprehensive Income. The Separation related expenses of $8.6 million, incurred during the nine months ended September 30, 2012 and capitalized debt financing costs of $1.9 million are reported under the cash flows provided by operating activities from continuing operations and cash flows used in financing activities from continuing operations, respectively, since these costs do not qualify as discontinued operations.

	The breakdown of Separation cash outflows for the year ended December 31, 2012 were as follows (in millions):

		Separation Cash Outflows
	Capital contribution to A&B(1)	$	155.7
	Separation costs(2)	8.6
	Capitalized debt financing costs	1.9
	Total cash outflow related to the Separation	$	166.2


	(1) Includes a net distribution of $4.3 million, of which $3.6 million was paid out during the third quarter of 2012 related to the settlement of certain liabilities of the Former Parent Company. The remaining $0.7 was paid in the fourth quarter of 2012.

	(2) Of the $8.6 million in Separation costs, $2.5 million were recorded during the three months ended March 31, 2012, $5.8 million were recorded during the three months ended June 30, 2012, and $0.3 million were recorded during the three months ended September 30, 2012.

	Capital Construction Fund: The Company has an agreement with the U.S. Department of Transportation Maritime Administration (“MarAd”) pursuant to which the Company has established a Capital Construction Fund (“CCF”) to which the Company makes contributions to provide funding for certain U.S.-built assets and for the repayment of certain vessel acquisition debt. The Company receives a federal income tax deduction for deposits made to the CCF, subject to certain restrictions. Withdrawals from the CCF for investment in vessels or related assets do not give rise to a tax liability, but reduce the depreciable bases of the assets for income tax purposes.

	During the third quarter 2013, the Company made a deposit of $111.8 million to its CCF by assigning a $111.8 million undivided interest in its trade accounts receivable to its CCF. Due to the nature of the transaction, the deposit is classified as part of Accounts and notes receivable, net on the Condensed Consolidated Balance Sheet.

	Other: Subsequent to the issuance of the September 30, 2012 Interim Condensed Consolidated Financial Statements, the Company identified misclassifications related to the presentation of the cash flows from operations related to stock based compensation and has restated them in the Condensed Consolidated Statements of Cash Flows. For the nine months ended September 30, 2012, the Company restated $1.8 million related to stock based compensation from “Cash Flows from Investing Activities from Continuing Operations” to “Cash Flows Provided by Operating Activities from Continuing Operations.” The effects of these restatements increased “Cash Flows Provided by Operating Activities from Continuing Operations” by $1.8 million and decreased “Cash Flows Used In Investing Activities from Continuing Operations” by $1.8 million for the nine months ended September 30, 2012.

	Subsequent to the issuance of the September 30, 2012 interim condensed consolidated financial statements, the Company identified mathematical and typographical errors in the supporting documentation utilized to prepare the Condensed Consolidated Statements of Income and Comprehensive Income for the three and nine months ended September 30, 2012. The Company has corrected previously reported Other Comprehensive Loss of $1.4 million to Other Comprehensive Income of $1.4 million for the nine months ended September 30, 2013 and corrected the mathematical total of such Comprehensive Income from $28.9 million previously reported to $31.7 million for the nine months ended September 30, 2012. The Company also corrected the previously reported amortization of prior service cost included in net periodic pension cost and amortization of net loss included in net periodic pension cost of $0.7 million, $(2.7) million and $1.0 million, $(3.5) million to $(0.5) million, $1.3 million and $(1.0) million, $3.5 million for the three months and nine months ended September 30, 2012, respectively. The company also corrected previously reported Net loss and prior service cost of $1.1 million to $(1.1) million for the nine months ended September 30, 2012. Additionally, the Company has corrected the previously reported Other Comprehensive Loss of $2.0 million to Other Comprehensive Income of $0.8 million for the three months ended September 30, 2012 and corrected the mathematical total of such Comprehensive Income from $17.1 million to $19.9 million for the three months ended September 30, 2012.

	The Company has determined that the foregoing restatements are not material to the previously issued interim Condensed Consolidated Financial Statements.

Condensed_Consolidated_Financi

Condensed Consolidated Financial Statements:	9 Months Ended
Condensed Consolidated Financial Statements:	Sep. 30, 2013
Condensed Consolidated Financial Statements:	'
Condensed Consolidated Financial Statements:	'
	(2) The Condensed Consolidated Financial Statements are unaudited. Due to the nature of the Company’s operations, the results for interim periods are not necessarily indicative of results to be expected for the year. These Condensed Consolidated Financial Statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for fair presentation of the results of the interim periods; they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. The Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Company’s Annual Report filed on Form 10-K for the year ended December 31, 2012.

	The period end for Matson, Inc. is September 30. The period end for MatNav occurred on the last Friday in September, except for Matson Logistics Warehousing whose period closed on September 30.

	Amounts in the condensed consolidated financial statements and notes are presented in millions, but percentages were determined based on amounts before rounding. Accordingly, a recalculation of some percentages, if based on the reported data, may be slightly different.

Accounting_for_and_Classificat

Accounting for and Classification of Discontinued Operations:	9 Months Ended
	Sep. 30, 2013
Accounting for and Classification of Discontinued Operations:	'
Accounting for and Classification of Discontinued Operations:	'
	(3) Accounting for and Classification of Discontinued Operations: As required by the Financial Accounting Standards Board (“FASB”) ASC Subtopic 205-20, Discontinued Operations, the termination of certain income-producing assets are classified as discontinued operations if (i) the operations and cash flows of the component have been, or will be, eliminated from the ongoing operations of the Company as a result of the disposal transaction, and (ii) the Company will not have any significant continuing involvement in the operations of the component after the disposal transaction. Discontinued operations include the results for the business lines that were terminated through September 30, 2013. Operating results included in the Condensed Consolidated Statements of Income and Comprehensive Income, Statement of Cash Flows and the segment results (Note 12) for the three and nine months ended September 30, 2012, have been restated to reflect the termination of segments that were classified as discontinued operations.

	The Separation was completed on June 29, 2012. In the Separation, the shareholders of Holdings received one share of common stock of A&B for every share of Holdings held of record as of June 18, 2012. Immediately following the Separation, Alexander & Baldwin Holdings, Inc. changed its name to Matson, Inc. Refer to Note 1 for further description of the Separation Transaction.

	In the third quarter of 2011, the Company terminated its second China Long Beach Express Service, due to the longer-term outlook for sustained high fuel prices and increasingly volatile Transpacific rates. As of the termination date, the Company had established and approved plans to (i) return to the lessors or sub-charter the five vessels used in the service (ii) off-hire or dispose of certain excess container equipment and (iii) terminate office contracts and employees. These plans were substantially completed as of September 30, 2011; however, the off-hiring of excess leased containers continued through 2012 and into 2013, and two of the five ships were offered for sub-charter until they were returned to the lessors in July 2012. The remaining three ships were returned to the lessors as of September 30, 2011 pursuant to the terms of the one-year charter contracts. As of September 30, 2013, the Company has no future liability for CLX2.

	There was no income (losses) from discontinued operations for the three and nine months ended September 30, 2013. Income (losses) from discontinued operations for the three and nine months ended September 30, 2012 consisted of the following (in millions):

		Three Months		Nine Months
		Ended		Ended
		September 30,		September 30,
		2012		2012
	Discontinued operations, net of tax:
	Income from A&B	$	—	$	116.4
	Expenses from A&B	—		(119.8		)
	Tax benefit from A&B	—		0.1
	Loss from A&B	—		(3.3		)
	Income (Expenses) from CLX2	0.1		(4.3		)
	Tax benefit from CLX2	—		1.6
	Loss from discontinued operations, net of tax	$	0.1	$	(6.0	)

Commitments_Guarantees_and_Con

Commitments, Guarantees and Contingencies:	9 Months Ended
	Sep. 30, 2013
Commitments, Guarantees and Contingencies:	'
Commitments, Guarantees and Contingencies:	'


	(4) Commitments, Guarantees and Contingencies: Commitments and financial arrangements at September 30, 2013, included the following (in millions):

	Standby letters of credit (a)	$	5.8
	Performance and customs bonds (b)	$	20.4
	Benefit plan withdrawal obligations (c)	$	102.1

	These amounts are not recorded on the Company’s Condensed Consolidated Balance Sheet and it is not expected that the Company or its subsidiaries will be called upon to advance funds under these commitments.

	(a) Includes approximately $4.6 million in letters of credit which are required for the Company’s self-insured workers’ compensation programs and its other insurance programs, and approximately $1.2 million in letters of credit used to support various credit enhancement needs.

	(b) Consists of approximately $19.2 million in U.S. Customs bonds, and approximately $1.2 million related to transportation and other matters.

	(c) Represents the withdrawal liabilities as of the most recent valuation dates for multiemployer pension plans, in which Matson is a participant. Management has no present intention of withdrawing from, and does not anticipate the termination of, any of the aforementioned plans.

	Environmental Matters: Molasses was released into Honolulu Harbor from a pipeline system operated by a subsidiary of the Company in early September, 2013. The Company is cooperating with federal and state agencies involved in responding to and investigating the release. On September 20, 2013, the Hawaii Department of Health (“DOH”) and other responding governmental agencies announced that they had officially transitioned their role from a response phase to a recovery and restoration phase. The DOH also reported on September 20, 2013 that dissolved oxygen and pH levels in the harbor and nearby Keehi Lagoon had returned to normal target levels and that there was no longer discoloration of the water in those same areas attributable to the molasses release. Keehi Lagoon was reopened to the public on September 21, 2013.

	On October 10, 2013, the Company was served with a federal grand jury subpoena for documents relating to the release of molasses into Honolulu Harbor. In addition, the Company has received written requests for information regarding the release from the following governmental agencies (i) the DOH, (ii) the State of Hawaii Office of Hawaiian Affairs, and (iii) the United States Environmental Protection Agency (Region IX).

	Government agencies have not yet initiated any legal proceedings or presented the Company with an accounting of claims for costs, penalties or damages in connection with the release of molasses, and the Company has only received a limited number of third party claims. To date, the Company has incurred $1.3 million in response costs, legal expenses, and third party claims related to the release of molasses. At this early stage in the proceedings, the Company is not able to estimate the future costs, penalties, damages or expenses that it may incur related to the incident. As a result, at this time no assurance can be given that the impact of the incident on the Company’s financial position, results of operations, or cash flows will not be material.

	In addition to the molasses release discussed above, the Company’s shipping business has certain other risks that could result in expenditures for environmental remediation. The Company believes that based on all information available to it, the Company is currently in compliance, in all material respects, with applicable environmental laws and regulations.

	Other Legal Matters: On June 10, 2013, Matson was served with a complaint filed in the United States District Court for the Central District of California by an individual plaintiff as realtor on behalf of the United States asserting claims against Matson and certain other ocean carriers and freight forwarders for violations of the False Claims Act. The case is entitled United States of America, ex rel. Mario Rizzo v. Horizon Lines, LLC et al. The qui tam complaint alleges that Matson and the other defendants submitted or created records supporting false claims for payment of fuel surcharges assessed on the shipment of military household goods to the Department of Defense. The federal government has declined to intervene in this qui tam suit. The individual plaintiff in the suit seeks damages and penalties on behalf of the federal government, and may be entitled to a portion of any recovery or settlement resulting from the suit. The plaintiff filed a Second Amended Complaint on August 23, 2013. Matson filed a motion to dismiss the complaint on September 16, 2013. On October 31, 2013, the court denied Matson’s motion and the answer to the complaint is due by November 12, 2013. Matson believes that the suit is without merit and at this time is unable to estimate any possible loss.

	Matson and its subsidiaries are parties to, or may be contingently liable in connection with, other legal actions arising in the normal conduct of their businesses, the outcomes of which, in the opinion of management after consultation with counsel, would not have a material effect on Matson’s consolidated financial statements.

Earnings_Per_Share_EPS

Earnings Per Share ("EPS"):	9 Months Ended
	Sep. 30, 2013
Earnings Per Share ("EPS"):	'
Earnings Per Share ("EPS"):	'
	(5) Earnings Per Share (“EPS”): The number of shares used to compute basic and diluted earnings per share is as follows (in millions, except per share data):

		Three Months Ended September 30, 2013						Three Months Ended September 30, 2012
					Weighted	Per					Weighted	Per
					Average	Common					Average	Common
			Net		Common	Share		Net			Common	Share
			Income		Shares	Amount		Income			Shares	Amount
	Basic:
	Income from continuing operations		$	17.2	42.8	$	0.4	$	19		42.5	$	0.45
	Loss from discontinued operations		—		42.8	—		0.1			42.5	—
			17.2			$	0.4	19.1				$	0.45

	Effect of Dilutive Securities				0.5						0.3

	Diluted:
	Income from continuing operations		17.2		43.3	0.4		19			42.8	0.45
	Loss from discontinued operations		—		43.3	—		0.1			42.8	—
			$	17.2		$	0.4	$	19.1			$	0.45


		Nine Months Ended September 30, 2013						Nine Months Ended September 30, 2012
					Weighted	Per					Weighted	Per
					Average	Common					Average	Common
			Net		Common	Share		Net			Common	Share
			Income		Shares	Amount		Income			Shares	Amount
	Basic:
	Income from continuing operations		$	46.4	42.7	$	1.09	$	36.3		42.2	$	0.86
	(Loss) income from discontinued operations		—		42.7	—		(6.0		)	42.2	(0.14		)
			46.4			$	1.09	30.3				$	0.72

	Effect of Dilutive Securities				0.4						0.4

	Diluted:
	Income from continuing operations		46.4		43.1	1.08		36.3			42.6	0.85
	(Loss) income from discontinued operations		—		43.1	—		(6.0		)	42.6	(0.14		)
			$	46.4		$	1.08	$	30.3			$	0.71


	Basic earnings per share is computed based on the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed based on the weighted-average-number of common shares outstanding adjusted by the number of additional shares, if any, that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive shares of common stock include non-qualified stock options and restricted stock units.

	The computation of weighted average dilutive shares outstanding excluded non-qualified stock options to purchase 0.5 million shares of common stock during the three months ended September 30, 2012, respectively, and 0.1 million and 0.5 million shares of common stock during the nine months ended September 30, 2013 and 2012, respectively. These options were excluded because the options’ exercise prices were greater than the average market price of the Company’s common stock for the periods presented and, therefore, the effect would be anti-dilutive. All shares outstanding during the three months ended September 30, 2013 were dilutive.

ShareBased_Compensation

Share-Based Compensation:	9 Months Ended
Share-Based Compensation:	Sep. 30, 2013
Share-Based Compensation:	'
Share-Based Compensation:	'
	(6) Share-Based Compensation: During the nine months ended September 30, 2013, the Company granted no non-qualified stock options to purchase shares of the Company’s common stock.

	Activity in the Company’s stock option plans for the nine months ended September 30, 2013, was as follows (in thousands, except weighted average exercise price and weighted average contractual life):

										Weighted			Weighted
						1998				Average			Average	Aggregate
		2007		1998		Director		Total		Exercise			Contractual	Intrinsic
		Plan		Plan		Plan		Shares		Price			Life	Value

	Outstanding, January 1, 2013	954		253		146		1,353		$	21.15
	Granted	—		—		—		—		$	—
	Exercised	(106	)	(43	)	(6	)	(155	)	$	20.48
	Forfeited and expired	(4	)	(2	)	—		(6	)	$	21.05
	Outstanding, September 30, 2013	844		208		140		1,192		$	21.24		4.9	$	6,005

	Exercisable, September 30, 2013	662		208		140		1,010		$	21.08		4.5	$	5,250

	The following table summarizes non-vested restricted stock unit activity through September 30, 2013, (in thousands, except weighted average grant-date fair value amounts):

		2007
		Plan		Weighted
		Restricted		Average
		Stock		Grant-Date
		Units		Fair Value

	Outstanding, January 1, 2013	356		$	17.97
	Granted	370		$	26.66
	Vested	(166	)	$	21.1
	Canceled	(4	)	$	27.24
	Outstanding, September 30, 2013	556		$	25.61

	Restricted stock unit awards vest over three years. A portion of the awards vest based on a service period, and are expensed over the three-year vesting period. Prior to 2013, the Company also granted performance-based awards that vest over a three-year period, provided that the Company met certain performance targets in the first year of the grant. During the first quarter of 2013 the Company granted new performance-based awards tied to the Company’s average annual return on invested capital (which the Company refers to as “average ROIC”), as measured over the three-year period beginning January 1, 2013 and ending December 31, 2015. Performance Share awards for the senior leadership team will also be modified based on total shareholder return performance (which the Company refers to as the “TSR modifier”) measured over the same three-year period. The relative TSR is based on the Company’s total shareholder return over the three-year measurement period relative to the shareholder return over the same period for the companies comprising the S&P Transportation Select Industry Index and S&P MidCap 400 Index (with each index weighted 50%). The service-vesting provisions of each performance based award require the award recipient to remain in continuous service with the Company until the end of the three-year measurement period, subject to certain exceptions due to retirement, disability, or death, in order to vest in any shares that become issuable on the basis of the performance-vesting criteria.

	A summary of compensation cost related to share-based payments for the three and nine months ended September 30, 2013 and 2012, exclusive of A&B related compensation prior to the Separation, is as follows (in millions):

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Share-based expense (net of estimated forfeitures):
	Stock options	$	0.1		$	0.2		$	0.3		$	0.6
	Non-vested stock/Restricted stock units	1.4			0.9			4			2.3
	Total share-based expense	1.5			1.1			4.3			2.9
	Total recognized tax benefit	(0.6		)	(0.4		)	(1.7		)	(1.2		)
	Share-based expense (net of tax)	$	0.9		$	0.7		$	2.6		$	1.7

Pension_and_Postretirement_Pla

Pension and Post-retirement Plans:	9 Months Ended
	Sep. 30, 2013
Pension and Post-retirement Plans:	'
Pension and Post-retirement Plans:	'
	(7) Pension and Post-retirement Plans: The Company has defined benefit and defined contribution pension plans that cover substantially all non-bargaining unit and certain bargaining unit employees. The Company also has unfunded non-qualified plans that provide benefits in excess of the amounts permitted to be paid under the provisions of the tax law to participants in qualified plans. The assumptions related to discount rates, expected long-term rates of return on invested plan assets, salary increases, age, mortality and health care cost trend rates, along with other factors, are used in determining the assets, liabilities and expenses associated with pension benefits. Management reviews the assumptions annually with its independent actuaries, taking into consideration existing and future economic conditions and the Company’s intentions with respect to these plans. Management believes that its assumptions and estimates for 2013 are reasonable. Different assumptions, however, could result in material changes to the assets, obligations and costs associated with benefit plans.

	The components of net periodic benefit cost recorded for the first nine months of 2013 and 2012 were as follows (in millions):

		Pension Benefits						Post-retirement Benefits
		2013			2012			2013		2012

	Service cost	$	2.1		$	2		$	0.8	$	0.7
	Interest cost	6.5			6.8			1.6		1.7
	Expected return on plan assets	(8.9		)	(8.0		)	—		—
	Amortization of net loss	5.1			6			0.2		1
	Amortization of prior service cost	(1.7		)	(1.3		)	—		—
	Net periodic benefit cost	$	3.1		$	5.5		$	2.6	$	3.4


	In 2013, cash contributions to the Company’s defined pension plans totaled approximately $3.5 million, all of which was contributed in the third quarter of 2013.

Fair_Value_Measurements

Fair Value Measurements:	9 Months Ended
	Sep. 30, 2013
Fair Value Measurements:	'
Fair Value Measurements:	'
	(8) Fair Value Measurements: The Company values its financial instruments based on the fair value hierarchy of valuation techniques described in the FASB’s accounting standard for fair value measurements. Level 1 inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2 inputs include quoted prices for similar assets and liabilities in active markets and inputs other than quoted prices observable for the asset or liability. Level 3 inputs are unobservable inputs for the asset or liability. The Company uses Level 1 inputs for the fair values of its cash equivalents. The Company uses Level 2 inputs for its long term debt. These inputs include interest rates for similar financial instruments. The fair values of cash and cash equivalents, receivables and short-term borrowings approximate their carrying values due to the short-term nature of the instruments. The fair value of the Company’s debt is calculated based upon interest rates available for debt with terms and maturities similar to the Company’s existing debt arrangements.

	The carrying value and fair value of the Company’s financial instruments as of September 30, 2013 and December 31, 2012 are as follows (in millions):

		Carrying Value at		Fair Value Measurements at
		September 30, 2013		September 30, 2013
						Quoted Prices in		Significant		Significant
						Active Markets		Observable Inputs		Unobservable Inputs
	(in millions)	Total		Total		(Level 1)		(Level 2)		(Level 3)
	Cash & cash equivalents	$	81.8	$	81.8	$	81.8	$	—	$	—
	Accounts and notes receivable	171.1		171.1		—		171.1		—
	Variable rate debt	—		—		—		—		—
	Fixed rate debt	287.2		298.6		—		298.6		—


		Carrying Value at		Fair Value Measurements at
		December 31, 2012		December 31, 2012
						Quoted Prices in		Significant		Significant
						Active Markets		Observable Inputs		Unobservable Inputs
	(in millions)	Total		Total		(Level 1)		(Level 2)		(Level 3)
	Cash & cash equivalents	$	19.9	$	19.9	$	19.9	$	—	$	—
	Accounts and notes receivable	174.7		174.7		—		174.7		—
	Variable rate debt	24		24		—		24		—
	Fixed rate debt	295.1		316.8		—		316.8		—

Related_Party_Transactions

Related Party Transactions:	9 Months Ended
	Sep. 30, 2013
Related Party Transactions:	'
Related Party Transactions:	'
	(9) Related Party Transactions: Effective upon the completion of the Separation, Matson ceased to be a related party of the Former Parent Company. Prior to the Separation, transactions with Former Parent Company were considered related party transactions, as discussed below.

	Historically, the Company provided vessel management services to A&B for its bulk sugar vessel, the MV Moku Pahu, the income of which is included in ocean transportation. Additionally, the Company expensed operating costs related to a lease for industrial warehouse space in Savannah, Georgia, that is leased from A&B. The Company also recognized the cost for equipment and repair services to the vessel and other various services provided by A&B in operating costs.

	There were no related party transactions entered into after the Separation, on June 29, 2012. Prior to the Separation the related party transactions are as follows (in millions):

		Six Months Ended
		June 30,
		2012
	Vessel management services income	$	2
	Lease expense to affiliate	(2.1		)
	Equipment and repair services expense and other	(1.4		)
	Related party expense, net	$	(1.5	)

	Contributions to A&B totaled $155.0 million for the nine months ended September 30, 2012 which related to the Separation. In connection with the Separation, a final net contribution of approximately $0.7 million occurred in the fourth quarter of 2012 related to the settlement of certain liabilities of the Former Parent Company. Contributions to the Former Parent Company for the proceeds from the issuance of capital stock of $21.7 million for the nine months ended September 30, 2012 have been included in the Condensed Consolidated Financial Statements due to Matson being the successor company of the Former Parent Company for accounting purposes. No contributions were made during the nine months ended September 30, 2013.

	Contributions from the Former Parent Company of $24.9 million, for the nine months ended September 30, 2012, represent dividends paid by the Former Parent Company to its shareholders prior to the Separation offset by distributions to the Former Parent Company for stock based compensation and are reflected in the Condensed Consolidated Financial Statements due to Matson being the successor company of the Former Parent Company for accounting purposes. No distributions were made during the nine months ended September 30, 2013.

Income_Taxes

Income Taxes:	9 Months Ended
Income Taxes:	Sep. 30, 2012
Income Taxes:	'
Income Taxes:	'
	(10) Income Taxes: In connection with the Separation, the Company incurred certain financial advisory, legal, tax and other professional fees, a portion of which was not deductible under the tax regulations. Accordingly, the Company’s income taxes for the nine months ended September 30, 2012 were impacted by approximately $1.7 million, related to the non-deductibility of certain Separation costs.

	In connection with the Separation, the Company entered into a Tax Sharing Agreement with A&B that governs the respective rights, responsibilities and obligations of the companies after the Separation with respect to tax liabilities and benefits, tax attributes, tax contests and other tax sharing regarding U.S. Federal, state, local and foreign income taxes, other tax matters and related tax returns. A&B has liability to Matson with respect to Matson’s consolidated or combined federal, state, local and foreign income tax liability for the taxes that are attributed to A&B’s businesses and relative contribution to state and other taxable income of the Matson consolidated or combined group relating to the taxable periods in which A&B was a part of that group. The Tax Sharing Agreement specifies the portion, if any, of this tax liability for which Matson and A&B will bear responsibility, and Matson and A&B agreed to indemnify each other against any amounts for which they are not responsible. Matson completed the 2012 federal income tax return this quarter, which included A&B companies for the short period in 2012 before separation. Matson has recorded a receivable from A&B and corresponding adjustment to current taxes payable to reflect Matson’s allocated portion of the 2012 federal income tax liability.

	The Company makes certain estimates and judgments in determining income tax expense for financial statement purposes. These estimates and judgments are applied in the calculation of tax credits, tax benefits and deductions, and in the calculation of certain deferred tax assets and liabilities, which arise from differences in the timing of recognition of revenue and expense for tax and financial statement purposes. Deferred tax assets and deferred tax liabilities are adjusted to the extent necessary to reflect tax rates expected to be in effect when the temporary differences reverse. Adjustments to deferred tax assets and deferred tax liabilities may be required due to changes in tax laws and audit adjustments by tax authorities. To the extent adjustments are required in any given period, the adjustments would be included within the tax provision in the Condensed Consolidated Statements of Income and Comprehensive Income or Condensed Consolidated Balance Sheets.

Debt

Debt:	9 Months Ended
Debt:	Sep. 30, 2013
Debt:	'
Debt:	'
	(11) Debt: The Company entered into a $375.0 million, five-year unsecured revolving credit facility with a syndicate of banks during the second quarter of 2012 in order to provide additional sources of liquidity for working capital requirements or investment opportunities on a short-term as well as longer-term basis. As of September 30, 2013, the used portion of the Company’s revolving credit facility was $5.8 million, all of which was from letters of credit.

	During the second quarter of 2012, Matson issued $170.0 million in unsecured, fixed rate, amortizing long-term debt. The debt was funded in three tranches; $77.5 million at an interest rate of 3.66% maturing in 2023, $55.0 million at an interest rate of 4.16% maturing in 2027, and $37.5 million at an interest rate of 4.31% maturing in 2032. The weighted average coupon and duration of the three tranches of debt are 3.97% and 9.3 years, respectively. The cash received from issuance was partially utilized to fund a contribution of cash from Matson to A&B under the terms of the Separation. Additionally, the Company negotiated the release of the MV Manulani as security for existing long-term debt of $56.0 million as part of the Company’s debt restructuring completed during the second quarter of 2012 to facilitate the Separation. This obligation was also moved from MatNav to Matson. Following the above mentioned debt financing transactions, all of Matson’s outstanding debt was unsecured, except for $68.2 million as of September 30, 2013. However, the debt is guaranteed by Matson’s significant subsidiaries.

	Capital Leases: As of September 30, 2013, Matson had obligations under its capital leases of $2.7 million consisting of specialized and standard containers used in the Company’s South Pacific service. Capital leases have been classified as current and long-term within the notes payable and current portion of long-term debt and long-term debt accounts, respectively, within the Company’s Condensed Consolidated Balance Sheet.

	Total debt was $289.9 million, as of September 30, 2013, compared with $319.1 million at the end of 2012.

	Principal negative covenants as defined in Matson’s five-year revolving credit facility (the “Credit Agreement”) and long-term fixed rate debt include, but are not limited to:

	a) The ratio of debt to consolidated EBITDA cannot exceed 3.25 to 1.00 for each fiscal four quarter period;

	b) The ratio of consolidated EBITDA to interest expense as of the end of any fiscal four quarter period cannot be less than 3.50 to 1.00; and

	c) The principal amount of priority debt at any time cannot exceed 20% of consolidated tangible assets; and the principal amount of priority debt that is not Title XI priority debt at any time cannot exceed 10% of consolidated tangible assets. Priority debt, as further defined in the Credit Agreement, is all debt secured by a lien on the Company’s assets or subsidiary debt.

	The Company was in compliance with these covenants as of September 30, 2013.

Segment_Results

Segment Results:	9 Months Ended
	Sep. 30, 2013
Segment Results:	'
Segment Results:	'
	(12) Segment results for the three and nine months ended September 30, 2013 and 2012 were as follows (in millions):

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Revenue:

	Ocean transportation	$	310.1		$	307.1		$	920		$	886.1
	Logistics	104.9			94.3			306.3			275.6
	Total revenue	$	415		$	401.4		$	1,226.30		$	1,161.70

	Operating Income, Net Income:

	Ocean transportation	25.5			$	32.9		$	78.3		$	69.9
	Logistics	1.7			1.3			4.1			2.9
	Total operating income	27.2			34.2			82.4			72.8
	Interest Expense	(3.6		)	(4.0		)	(10.9		)	(7.9		)
	Income From Continuing Operations Before Income Taxes	23.6			30.2			71.5			64.9
	Income Tax Expense	(6.4		)	(11.2		)	(25.1		)	(28.6		)
	Income From Continuing Operations	17.2			19			46.4			36.3
	Loss From Discontinued Operations (net of income taxes)	—			0.1			—			(6.0		)
	Net Income	$	17.2		$	19.1		$	46.4		$	30.3

Subsequent_Events

Subsequent Events:	9 Months Ended
Subsequent Events:	Sep. 30, 2013
Subsequent Events:	'
Subsequent Events:	'
	(13) Subsequent Events: On November 5, 2013, Matson entered into a private placement agreement (the “Note Agreement”) pursuant to which Matson will issue $100 million of 30-year senior unsecured notes (the “Notes”). The Notes will have a weighted average life of approximately 14.5 years and will bear interest at a rate of 4.35%, payable semi-annually.

	The Notes are expected to be issued in January 2014, subject to satisfaction of customary closing conditions. The proceeds are expected to be used for general corporate purposes. The Notes will begin to amortize in 2021, with annual principal payments of $5 million in 2021, $7.5 million in 2022 and 2023, $10 million from 2024 to 2027, and $8 million in 2028. Starting in 2029 and in each year thereafter until 2044, annual principal payments will be $2 million.

	On November 6, 2013, MatNav and Aker Philadelphia Shipyard, Inc. (“APSI”) entered into a definitive agreement pursuant to which APSI will construct two new 3,600-TEU Aloha-class dual-fuel capable containerships, with expected delivery dates during the third and fourth quarters of 2018 (the “Ship Building Agreement”). The dual fuels are conventional fuel oils and liquefied natural gas (“LNG”). While the Ship Building Agreement specifies that upon delivery the ships will be only conventional fuel oil ready, MatNav has negotiated a change order with APSI, which provides for the installation of LNG fuel tanks and related fuel delivery system. The change order option may be executed at MatNav’s sole discretion up to January 2015, which will make the ships LNG ready at delivery. MatNav will pay an aggregate amount of $418.0 million for the two containerships, which is expected to be funded from available cash on hand, cash flows from operations, borrowing available under the Company’s unsecured revolving credit facility and potential future financings. Payments will be made over the next five years, with 2% due upon the execution of the Ship Building Agreement, a total of 22% in 2015 and 2016, and a total of 76% in 2017 and 2018. MatNav has an option to contract with APSI, for the construction of up to three additional Aloha-class vessels for which a price and delivery date will be negotiated at the time the option is exercised.

Description_of_Business_Tables

Description of Business: (Tables)	9 Months Ended
	Sep. 30, 2013
Description of Business:	'
Schedule of breakdown of separation cash outflows	'


	The breakdown of Separation cash outflows for the year ended December 31, 2012 were as follows (in millions):

		Separation Cash Outflows
	Capital contribution to A&B(1)	$	155.7
	Separation costs(2)	8.6
	Capitalized debt financing costs	1.9
	Total cash outflow related to the Separation	$	166.2


	(1) Includes a net distribution of $4.3 million, of which $3.6 million was paid out during the third quarter of 2012 related to the settlement of certain liabilities of the Former Parent Company. The remaining $0.7 was paid in the fourth quarter of 2012.

	(2) Of the $8.6 million in Separation costs, $2.5 million were recorded during the three months ended March 31, 2012, $5.8 million were recorded during the three months ended June 30, 2012, and $0.3 million were recorded during the three months ended September 30, 2012.

Accounting_for_and_Classificat1

Accounting for and Classification of Discontinued Operations: (Tables)	9 Months Ended
	Sep. 30, 2013
Accounting for and Classification of Discontinued Operations:	'
Income (losses) from discontinued operations	'
	Income (losses) from discontinued operations for the three and nine months ended September 30, 2012 consisted of the following (in millions):

		Three Months		Nine Months
		Ended		Ended
		September 30,		September 30,
		2012		2012
	Discontinued operations, net of tax:
	Income from A&B	$	—	$	116.4
	Expenses from A&B	—		(119.8		)
	Tax benefit from A&B	—		0.1
	Loss from A&B	—		(3.3		)
	Income (Expenses) from CLX2	0.1		(4.3		)
	Tax benefit from CLX2	—		1.6
	Loss from discontinued operations, net of tax	$	0.1	$	(6.0	)

Commitments_Guarantees_and_Con1

Commitments, Guarantees and Contingencies: (Tables)	9 Months Ended
	Sep. 30, 2013
Commitments, Guarantees and Contingencies:	'
Commitments and financial arrangements	'
	Commitments, Guarantees and Contingencies: Commitments and financial arrangements at September 30, 2013, included the following (in millions):

	Standby letters of credit (a)	$	5.8
	Performance and customs bonds (b)	$	20.4
	Benefit plan withdrawal obligations (c)	$	102.1

Earnings_Per_Share_EPS_Tables

Earnings Per Share ("EPS"): (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings Per Share ("EPS"):	'
Schedule of Basic and Diluted Earnings Per Share	'
	The number of shares used to compute basic and diluted earnings per share is as follows (in millions, except per share data):

		Three Months Ended September 30, 2013						Three Months Ended September 30, 2012
					Weighted	Per					Weighted	Per
					Average	Common					Average	Common
			Net		Common	Share		Net			Common	Share
			Income		Shares	Amount		Income			Shares	Amount
	Basic:
	Income from continuing operations		$	17.2	42.8	$	0.4	$	19		42.5	$	0.45
	Loss from discontinued operations		—		42.8	—		0.1			42.5	—
			17.2			$	0.4	19.1				$	0.45

	Effect of Dilutive Securities				0.5						0.3

	Diluted:
	Income from continuing operations		17.2		43.3	0.4		19			42.8	0.45
	Loss from discontinued operations		—		43.3	—		0.1			42.8	—
			$	17.2		$	0.4	$	19.1			$	0.45


		Nine Months Ended September 30, 2013						Nine Months Ended September 30, 2012
					Weighted	Per					Weighted	Per
					Average	Common					Average	Common
			Net		Common	Share		Net			Common	Share
			Income		Shares	Amount		Income			Shares	Amount
	Basic:
	Income from continuing operations		$	46.4	42.7	$	1.09	$	36.3		42.2	$	0.86
	(Loss) income from discontinued operations		—		42.7	—		(6.0		)	42.2	(0.14		)
			46.4			$	1.09	30.3				$	0.72

	Effect of Dilutive Securities				0.4						0.4

	Diluted:
	Income from continuing operations		46.4		43.1	1.08		36.3			42.6	0.85
	(Loss) income from discontinued operations		—		43.1	—		(6.0		)	42.6	(0.14		)
			$	46.4		$	1.08	$	30.3			$	0.71

ShareBased_Compensation_Tables

Share-Based Compensation: (Tables)	9 Months Ended
Share-Based Compensation: (Tables)	Sep. 30, 2013
Share-Based Compensation:	'
Stock Option Activity	'
	Activity in the Company’s stock option plans for the nine months ended September 30, 2013, was as follows (in thousands, except weighted average exercise price and weighted average contractual life):

										Weighted			Weighted
						1998				Average			Average	Aggregate
		2007		1998		Director		Total		Exercise			Contractual	Intrinsic
		Plan		Plan		Plan		Shares		Price			Life	Value

	Outstanding, January 1, 2013	954		253		146		1,353		$	21.15
	Granted	—		—		—		—		$	—
	Exercised	(106	)	(43	)	(6	)	(155	)	$	20.48
	Forfeited and expired	(4	)	(2	)	—		(6	)	$	21.05
	Outstanding, September 30, 2013	844		208		140		1,192		$	21.24		4.9	$	6,005

	Exercisable, September 30, 2013	662		208		140		1,010		$	21.08		4.5	$	5,250
Non-Vested Restricted Stock Unit Activity	'
	The following table summarizes non-vested restricted stock unit activity through September 30, 2013, (in thousands, except weighted average grant-date fair value amounts):

		2007
		Plan		Weighted
		Restricted		Average
		Stock		Grant-Date
		Units		Fair Value

	Outstanding, January 1, 2013	356		$	17.97
	Granted	370		$	26.66
	Vested	(166	)	$	21.1
	Canceled	(4	)	$	27.24
	Outstanding, September 30, 2013	556		$	25.61
Summary of Compensation Cost and Other Measures Related to Share-Based Payments	'
	A summary of compensation cost related to share-based payments for the three and nine months ended September 30, 2013 and 2012, exclusive of A&B related compensation prior to the Separation, is as follows (in millions):

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Share-based expense (net of estimated forfeitures):
	Stock options	$	0.1		$	0.2		$	0.3		$	0.6
	Non-vested stock/Restricted stock units	1.4			0.9			4			2.3
	Total share-based expense	1.5			1.1			4.3			2.9
	Total recognized tax benefit	(0.6		)	(0.4		)	(1.7		)	(1.2		)
	Share-based expense (net of tax)	$	0.9		$	0.7		$	2.6		$	1.7

Pension_and_Postretirement_Pla1

Pension and Post-retirement Plans: (Tables)	9 Months Ended
	Sep. 30, 2013
Pension and Post-retirement Plans:	'
Components of Net Periodic Benefit Cost	'
	The components of net periodic benefit cost recorded for the first nine months of 2013 and 2012 were as follows (in millions):

		Pension Benefits						Post-retirement Benefits
		2013			2012			2013		2012

	Service cost	$	2.1		$	2		$	0.8	$	0.7
	Interest cost	6.5			6.8			1.6		1.7
	Expected return on plan assets	(8.9		)	(8.0		)	—		—
	Amortization of net loss	5.1			6			0.2		1
	Amortization of prior service cost	(1.7		)	(1.3		)	—		—
	Net periodic benefit cost	$	3.1		$	5.5		$	2.6	$	3.4

Fair_Value_Measurements_Tables

Fair Value Measurements: (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value Measurements:	'
Schedule of fair value measurement	'
	The carrying value and fair value of the Company’s financial instruments as of September 30, 2013 and December 31, 2012 are as follows (in millions):

		Carrying Value at		Fair Value Measurements at
		September 30, 2013		September 30, 2013
						Quoted Prices in		Significant		Significant
						Active Markets		Observable Inputs		Unobservable Inputs
	(in millions)	Total		Total		(Level 1)		(Level 2)		(Level 3)
	Cash & cash equivalents	$	81.8	$	81.8	$	81.8	$	—	$	—
	Accounts and notes receivable	171.1		171.1		—		171.1		—
	Variable rate debt	—		—		—		—		—
	Fixed rate debt	287.2		298.6		—		298.6		—


		Carrying Value at		Fair Value Measurements at
		December 31, 2012		December 31, 2012
						Quoted Prices in		Significant		Significant
						Active Markets		Observable Inputs		Unobservable Inputs
	(in millions)	Total		Total		(Level 1)		(Level 2)		(Level 3)
	Cash & cash equivalents	$	19.9	$	19.9	$	19.9	$	—	$	—
	Accounts and notes receivable	174.7		174.7		—		174.7		—
	Variable rate debt	24		24		—		24		—
	Fixed rate debt	295.1		316.8		—		316.8		—

Related_Party_Transactions_Tab

Related Party Transactions: (Tables)	9 Months Ended
	Sep. 30, 2013
Related Party Transactions:	'
Schedule of related party transactions	'
	Prior to the Separation the related party transactions are as follows (in millions):

		Six Months Ended
		June 30,
		2012
	Vessel management services income	$	2
	Lease expense to affiliate	(2.1		)
	Equipment and repair services expense and other	(1.4		)
	Related party expense, net	$	(1.5	)

Segment_Results_Tables

Segment Results: (Tables)	9 Months Ended
	Sep. 30, 2013
Segment Results:	'
Reportable Segment Information	'
	Segment results for the three and nine months ended September 30, 2013 and 2012 were as follows (in millions):

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Revenue:

	Ocean transportation	$	310.1		$	307.1		$	920		$	886.1
	Logistics	104.9			94.3			306.3			275.6
	Total revenue	$	415		$	401.4		$	1,226.30		$	1,161.70

	Operating Income, Net Income:

	Ocean transportation	25.5			$	32.9		$	78.3		$	69.9
	Logistics	1.7			1.3			4.1			2.9
	Total operating income	27.2			34.2			82.4			72.8
	Interest Expense	(3.6		)	(4.0		)	(10.9		)	(7.9		)
	Income From Continuing Operations Before Income Taxes	23.6			30.2			71.5			64.9
	Income Tax Expense	(6.4		)	(11.2		)	(25.1		)	(28.6		)
	Income From Continuing Operations	17.2			19			46.4			36.3
	Loss From Discontinued Operations (net of income taxes)	—			0.1			—			(6.0		)
	Net Income	$	17.2		$	19.1		$	46.4		$	30.3

Description_of_Business_Detail

Description of Business: (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

In Millions, except Share data, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Jun. 08, 2012

Dec. 01, 2011

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Jun. 29, 2012

item

SSAT

Alexander & Baldwin

Ocean Transportation

item

Description of Business

Number of vessels owned

Ownership interest in SSAT (as a percent)

35.00%

Number of terminal facilities on which SSAT provides terminal and stevedoring services to Matnav and numerous carriers

Number of publicly traded companies to be created after separation

Jones Act requirement to maintain status as U.S. citizen, maximum ownership interest permitted by non-U.S. citizens (as a percent)

22.00%

Number of shares of common stock of A&B received for each share upon separation

Maximum period during which services are to be provided under Transition Services Agreement

'24 months

Number of cash outflow components

Capital distribution to A&B

$155.70

Separation costs

0.3

8.6

Capitalized debt financing costs

1.9

Total cash outflow related to the Separation

166.2

Net distribution in relation to separation

4.3

Contribution paid upon Separation

155

0.7

3.6

Separation costs, net of tax

0.3

5.8

2.5

Deposits into Capital Construction Fund

111.8

-4.4

Undivided interest in trade receivables assigned to the capital construction fund

$111.80

Description_of_Business_Detail1

Description of Business: (Details 2) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Other	'	'
Cash Provided by Operating Activities from Continuing Operations	$137.80	$68.30
Cash Flows Used in Investing Activities from Continuing Operations	-25	-5
Continuing operations \| Restatement impact	'	'
Other	'	'
Cash Provided by Operating Activities from Continuing Operations	'	1.8
Cash Flows Used in Investing Activities from Continuing Operations	'	-1.8
Continuing operations \| Restatement impact \| Stock Based Compensation	'	'
Other	'	'
Cash Provided by Operating Activities from Continuing Operations	'	$1.80

Description_of_Business_Detail2

Description of Business: (Details 3) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Other comprehensive income (loss)	$1	$0.80	$1.60	$1.40
Comprehensive Income	18.2	19.9	48	31.7
Amortization of prior service cost included in net periodic pension cost	'	-0.5	'	-1
Amortization of net loss included in net periodic pension cost	'	1.3	'	3.5
Net loss and prior service cost	'	'	-0.8	-1.1
Previously reported	'	'	'	'
Other comprehensive income (loss)	'	-2	'	-1.4
Comprehensive Income	'	17.1	'	28.9
Amortization of prior service cost included in net periodic pension cost	'	0.7	'	1
Amortization of net loss included in net periodic pension cost	'	-2.7	'	-3.5
Net loss and prior service cost	'	'	'	$1.10

Accounting_for_and_Classificat2

Accounting for and Classification of Discontinued Operations: (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

In Millions, except Share data, unless otherwise specified

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

Jul. 31, 2012

Sep. 30, 2011

Sep. 30, 2013

Sep. 30, 2012

Jun. 29, 2012

CLX2 Service

A&B

item

Container and charter liabilities

Other contractual liabilities

item

Accounting for and Classification of Discontinued Operations

Number of shares of common stock of A&B received for each share upon separation

Number of vessels used in discontinued operation

Number of vessels expected to be sub-chartered

Number of vessels returned to lessors

Duration of charter contracts

'1 year

Future liability

Income (losses) from discontinued operations

Income

116.4

Expenses

-119.8

Tax benefit

1.6

0.1

Income (loss) from discontinued operations

0.1

-4.3

-3.3

Loss from discontinued operations (net of tax)

$0.10

($6)

Commitments_Guarantees_and_Con2

Commitments, Guarantees and Contingencies: (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013
Environmental Remediation Expense	'
Environmental Remediation Costs Recognized	'
Response costs, legal expenses, and third party claims related to the release of molasses	$1.30
Standby letters of credit	'
Commitments, Guarantees and Contingencies	'
Commitments and financial arrangements	5.8
Letters of credit amount that enables qualification as self-insurance and other insurance programs	4.6
Letters of credit to support credit enhancement needs	1.2
Performance and customs bonds	'
Commitments, Guarantees and Contingencies	'
Commitments and financial arrangements	20.4
U.S. Customs Bonds	19.2
Bonds related to transportation and other matters	1.2
Benefit plan withdrawal obligations	'
Commitments, Guarantees and Contingencies	'
Multiemployer Plan Withdrawal Obligation	$102.10

Earnings_Per_Share_EPS_Details

Earnings Per Share ("EPS"): (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net Income	'	'	'	'
Income From Continuing Operations	$17.20	$19	$46.40	$36.30
(Loss) income from discontinued operations	'	0.1	'	-6
Net Income	$17.20	$19.10	$46.40	$30.30
Weighted Average Common Shares	'	'	'	'
Income from Continuing Operations, Basic (in shares)	42.8	42.5	42.7	42.2
Income from discontinued operations, Basic (in shares)	42.8	42.5	42.7	42.2
Effect of Dilutive Securities (in shares)	0.5	0.3	0.4	0.4
Income from Continuing Operations, Diluted (in shares)	43.3	42.8	43.1	42.6
Income from discontinued operations, Diluted (in shares)	43.3	42.8	43.1	42.6
Per Common Share Amount, Basic	'	'	'	'
Income from continuing operations (in dollars per share)	$0.40	$0.45	$1.09	$0.86
Income from discontinued operations (in dollars per share)	'	'	'	($0.14)
Net income (in dollars per share)	$0.40	$0.45	$1.09	$0.72
Per Common Share Amount, Diluted	'	'	'	'
Income from continuing operations (in dollars per share)	$0.40	$0.45	$1.08	$0.85
Income from discontinued operations (in dollars per share)	'	'	'	($0.14)
Net income (in dollars per share)	$0.40	$0.45	$1.08	$0.71
Stock options	'	'	'	'
Earnings Per Share ("EPS")	'	'	'	'
Antidilutive securities excluded from computation of earnings per share (in shares)	'	0.5	0.1	0.5

ShareBased_Compensation_Detail

Share-Based Compensation: (Details) (USD $)	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013
Non-qualified stock options	'
Activity in the entity's stock option plans	'
Granted (in shares)	0
Stock options	'
Activity in the entity's stock option plans	'
Outstanding, beginning of period (in shares)	1,353
Exercised (in shares)	-155
Forfeited and expired (in shares)	-6
Outstanding, end of period (in shares)	1,192
Exercisable (in shares)	1,010
Weighted average exercise price	'
Outstanding, weighted average exercise price, beginning of period (in dollars per share)	21.15
Exercised, weighted average exercise price (in dollars per share)	20.48
Forfeited and expired, weighted average exercise price (in dollars per share)	21.05
Outstanding, weighted average exercise price, end of period (in dollars per share)	21.24
Exercisable, weighted average exercise price (in dollars per share)	21.08
Outstanding, weighted average contractual life	'4 years 10 months 24 days
Exercisable, weighted average contractual life	'4 years 6 months
Outstanding, aggregate intrinsic value (in dollars)	6,005
Exercisable, aggregate intrinsic value (in dollars)	5,250
2007 Plan \| Stock options	'
Activity in the entity's stock option plans	'
Outstanding, beginning of period (in shares)	954
Exercised (in shares)	-106
Forfeited and expired (in shares)	-4
Outstanding, end of period (in shares)	844
Exercisable (in shares)	662
Predecessor Plans 1998 Plan \| Stock options	'
Activity in the entity's stock option plans	'
Outstanding, beginning of period (in shares)	253
Exercised (in shares)	-43
Forfeited and expired (in shares)	-2
Outstanding, end of period (in shares)	208
Exercisable (in shares)	208
Predecessor Plan 1998 Directors' Plan \| Stock options	'
Activity in the entity's stock option plans	'
Outstanding, beginning of period (in shares)	146
Exercised (in shares)	-6
Outstanding, end of period (in shares)	140
Exercisable (in shares)	140

ShareBased_Compensation_Detail1

Share-Based Compensation: (Details 2) (2007 Plan, USD $)	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013
Restricted Stock Units	'
Non-vested restricted stock unit activity	'
Outstanding, beginning of period (in shares)	356
Granted (in shares)	370
Vested (in shares)	-166
Cancelled (in shares)	-4
Outstanding, end of period (in shares)	556
Weighted Average Grant-Date Fair Value	'
Outstanding, weighted average grant-date fair value, beginning of period (in dollars per share)	$17.97
Granted, weighted average grant-date fair value (in dollars per share)	$26.66
Vested, weighted average grant-date fair value (in dollars per share)	$21.10
Cancelled, weighted average grant-date fair value (in dollars per shares)	$27.24
Outstanding, weighted average grant-date fair value, end of period (in dollars per shares)	$25.61
Vesting period of awards granted	'3 years
Performance-Based Restricted Stock Units	'
Weighted Average Grant-Date Fair Value	'
Vesting period of awards granted	'3 years
Average ROIC, period for measurement	'3 years
TSR modifier, period for measurement	'3 years
Weighted percentage of the entities comprising each index considered for calculation of total shareholder return	50.00%
Continuous service period for vesting of shares issuable on the basis of the performance-vesting criteria	'3 years

ShareBased_Compensation_Detail2

Share-Based Compensation: (Details 3) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Share-based expense (net of estimated forfeitures)	'	'	'	'
Total share-based expense	$1.50	$1.10	$4.30	$2.90
Total recognized tax benefit	-0.6	-0.4	-1.7	-1.2
Share-based expense (net of tax)	0.9	0.7	2.6	1.7
Stock options	'	'	'	'
Share-based expense (net of estimated forfeitures)	'	'	'	'
Total share-based expense	0.1	0.2	0.3	0.6
Non-vested stock/Restricted stock units	'	'	'	'
Share-based expense (net of estimated forfeitures)	'	'	'	'
Total share-based expense	$1.40	$0.90	$4	$2.30

Pension_and_Postretirement_Pla2

Pension and Post-retirement Plans: (Details) (USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2012	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
	Sep. 30, 2012	Sep. 30, 2012	Pension Benefits	Pension Benefits	Post-retirement Benefits	Post-retirement Benefits
Components of Net Periodic Benefit Cost	'	'	'	'	'	'
Service cost	'	'	$2.10	$2	$0.80	$0.70
Interest cost	'	'	6.5	6.8	1.6	1.7
Expected return on plan assets	'	'	-8.9	-8	'	'
Amortization of net loss	-1.3	-3.5	5.1	6	0.2	1
Amortization of prior service cost	'	'	-1.7	-1.3	'	'
Net periodic benefit cost	'	'	3.1	5.5	2.6	3.4
Estimated full year cash contributions to pension plan	'	'	3.5	'	'	'
Employer contribution	'	'	$3.50	'	'	'

Fair_Value_Measurements_Detail

Fair Value Measurements: (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Millions, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Carrying value	'	'
Fair value of financial instruments	'	'
Cash & cash equivalents	$81.80	$19.90
Accounts and notes receivable	171.1	174.7
Variable rate debt	'	24
Fixed rate debt	287.2	295.1
Fair value	'	'
Fair value of financial instruments	'	'
Cash & cash equivalents	81.8	19.9
Accounts and notes receivable	171.1	174.7
Variable rate debt	'	24
Fixed rate debt	298.6	316.8
Fair value \| Quoted Prices in Active Markets (Level 1)	'	'
Fair value of financial instruments	'	'
Cash & cash equivalents	81.8	19.9
Fair value \| Significant Observable Inputs (Level 2)	'	'
Fair value of financial instruments	'	'
Accounts and notes receivable	171.1	174.7
Variable rate debt	'	24
Fixed rate debt	$298.60	$316.80

Related_Party_Transactions_Det

Related Party Transactions: (Details) (USD $)	3 Months Ended	6 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2012	Jun. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Related Party Transactions	'	'	'	'
Contributions to A&B	'	'	'	$155
A&B	'	'	'	'
Related Party Transactions	'	'	'	'
Vessel management services income	'	2	'	'
Lease expense to affiliate	'	-2.1	'	'
Equipment and repair services expense and other	'	-1.4	'	'
Related party expense, net	'	-1.5	'	'
Contributions to A&B	'	'	0	'
Net contribution in relation to separation	0.7	'	'	'
Proceeds from and contributions to A&B from issuance of capital stock	'	'	'	21.7
Contributions from A&B	'	'	$0	$24.90

Income_Taxes_Details

Income Taxes: (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2012
Income Taxes:	'
Non-deductible separation costs	$1.70

Debt_Details

Debt: (Details) (USD $)

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Jun. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Jun. 30, 2012

Sep. 30, 2013

In Millions, unless otherwise specified

Matson South Pacific

Unsecured debt

Unsecured debt, tranche maturing in 2023

Unsecured debt, tranche maturing in 2027

Unsecured debt, tranche maturing in 2032

Secured debt

Unsecured revolving credit facility

item

Maximum

Minimum

Debt

Maximum borrowing capacity

$375

Credit facility term

'5 years

Used portion of credit facility

5.8

Debt issued

170

77.5

37.5

Number of tranches

Interest rate (as a percent)

3.66%

4.16%

4.31%

Weighted average interest rate (as a percent)

3.97%

Weighted average period

'9 years 3 months 18 days

Release of MV Manulani as security for debt

Secured Debt

68.2

Capital leases

2.7

Total Debt

$289.90

$319.10

Debt covenant, required ratio of debt to consolidated EBITDA

3.25

Ratio of consolidated EBITDA to interest expense

3.5

Debt covenant, required principal amount of priority debt as a percentage of consolidated tangible assets

20.00%

Debt covenant, required principal amount of priority debt (excluding Title XI) as a percentage of consolidated tangible assets

10.00%

Segment_Results_Details

Segment Results: (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Segment results	'	'	'	'
Revenue	$415	$401.40	$1,226.30	$1,161.70
Operating income	27.2	34.2	82.4	72.8
Interest Expense	-3.6	-4	-10.9	-7.9
Income from Continuing Operations Before Income Taxes	23.6	30.2	71.5	64.9
Income Tax Expense	-6.4	-11.2	-25.1	-28.6
Income From Continuing Operations	17.2	19	46.4	36.3
Loss From Discontinued Operations (net of income taxes)	'	0.1	'	-6
Net Income	17.2	19.1	46.4	30.3
Ocean Transportation	'	'	'	'
Segment results	'	'	'	'
Revenue	310.1	307.1	920	886.1
Operating income	25.5	32.9	78.3	69.9
Logistics	'	'	'	'
Segment results	'	'	'	'
Revenue	104.9	94.3	306.3	275.6
Operating income	$1.70	$1.30	$4.10	$2.90

Subsequent_Events_Details

Subsequent Events: (Details) (Subsequent event, USD $)	0 Months Ended
In Millions, unless otherwise specified	Nov. 06, 2013	Nov. 05, 2013	Nov. 05, 2013	Nov. 05, 2013	Nov. 05, 2013	Nov. 05, 2013	Nov. 05, 2013
	MatNav	Senior unsecured long-term debt	Senior unsecured long-term debt	Senior unsecured long-term debt	Senior unsecured long-term debt	Senior unsecured long-term debt	Senior unsecured long-term debt
	APSI	Scenario forecast	2021	2022 and 2023	2024 to 2027	2028	Starting in 2029, and thereafter until 2044
	Aloha-class dual-fuel capable containership		Scenario forecast	Scenario forecast	Scenario forecast	Scenario forecast	Scenario forecast
	item
Subsequent events	'	'	'	'	'	'	'
Long-term debt to be issued to private institution	'	$100	'	'	'	'	'
Term of debt	'	'30 years	'	'	'	'	'
Weighted average period	'	'14 years 6 months	'	'	'	'	'
Interest rate (as a percent)	'	4.35%	'	'	'	'	'
Annual principal payments	'	'	5	7.5	10	8	2
Number of 3,600-TEU Aloha-class dual-fuel capable containerships to be constructed	2	'	'	'	'	'	'
Cost for construction of containerships, including preparation of vessels for service	$418	'	'	'	'	'	'
Maximum number of additional Aloha-class vessels	3	'	'	'	'	'	'
Cost for construction of containerships, including preparation of vessels for service payment period	'5 years	'	'	'	'	'	'
Unrecorded unconditional purchase obligation execution of ship building agreement (as a percent)	2.00%	'	'	'	'	'	'
Unrecorded unconditional purchase obligation due in year 2015 and 2016 (as a percent)	22.00%	'	'	'	'	'	'
Unrecorded unconditional purchase obligation due in year 2017 and 2018 (as a percent)	76.00%	'	'	'	'	'	'