Wednesday, August 6, 2014
Shipping company Pasha competes with Matson for Hawaii market
Shipping company Pasha plans to introduce a second containership in the Hawaiian market in late 2014, trying to gain a foothold in a market that has been dominated by Matson—transporting goods to and from the U.S. Mainland.
"Absent of the Pasha entry, Matson's market share has bounced around a few points but has remained steady over time," said Matt Cox, Matson's president and CEO. "We do expect a loss of some cargo when Pasha introduces its second vessel … Exactly where that settles out is unclear."
Cox said the second vessel would add between 5 to 10 percent container-carrying capacity to the market.
Pasha currently has one Ro-Ro vessel, the Jean Anne, which travels between Hawaii and the Mainland. The new ship, the 692-foot M/V Marjorie C, is currently being built in Pascagoula, Mississippi, according to Pasha spokeswoman Emily Sinclair.
"The Marjorie C is a versatile combination vessel capable of carrying autos and larger rolling stock, construction equipment and material as well as containers," said Sinclair. "Due to significant new construction projects, we anticipate the Marjorie C will be quite busy as she starts in service before the end of the year."
For more of the Pacific Business News story: bizjournals.com
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