April 05, 2017: Matson, Inc. ("Matson"; NYSE: MATX) had announced that its subsidiary, Matson Navigation Company, Inc., has elected to use its joint venture partner SSA Terminals for stevedoring and terminal services at the Port of Tacoma. Matson Navigation Company is a leading U.S. carrier in the Pacific. SSA terminal is a joint venture partner of Matson subsidiary. The Matson will use the SSA terminal service only when its existing agreement with APM Terminals (APMT) expires on December 31, 2017.
"APMT has served us well. It just makes more sense to work with our strategic partner at Tacoma as we do at all of our other terminals on the West Coast," said Ron Forest, senior vice president – operations for Matson. "We expect a seamless transition and no change in our Tacoma operations from a customer standpoint," he added.