Matson Pleads Guilty, Agrees to Pay $1 Million For Honolulu Harbor Molasses Spill

A division of the Jones Act shipping company Matson has agreed to plead guilty to criminal charges and pay $1 million in connection to last year's molasses spill in Honolulu Harbor. Matson Transportation, Inc. and the U.S. Attorney's office in Hawaii reached a plea agreement Tuesday in which Matson agreed to plead guilty to two misdemeanor violations of the Rivers and … [Read more...]

Matson to Pay for Honolulu Molasses Spill Response

Jones Act shipping company Matson (NYSE: MATX) says it will cover all costs associated with the Honolulu Harbor molasses spill response, sparing Hawaiian taxpayers of the burden. Matson President and CEO, Matt Cox, reaffirmed Matson's commitment at a news conference, held at Pier 34 in the harbor. He also stated that customer rates would not be affected by the incident. "We … [Read more...]