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Department of Transportation | State harbors revenue bonds affirmed at 'AA-' by Fitch Ratings

HONOLULU – The Hawaii Department of Transportation (HDOT) Harbors Division announces that Fitch Ratings has affirmed its harbor system revenue bond series 2020A and B at ‘AA-ʼ with a Stable rating outlook. Fitch’s announcement of the affirmation and reasoning for the rating can be found at https://www.fitchratings.com/research/us-public-finance/fitch-affirms-hawaii-dot-harbor-system-revs-at-aa-outlook-stable-27-10-2021 “High ratings on our bond offerings show a […] ....

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Half-billion dollar container terminal makeover to benefit Hawaii's cargo industry


Half-billion dollar container terminal makeover to benefit Hawaii’s cargo industry
Phase 1 improvements have been completed at the Kapalama Container Terminal. (Source: HDOT)
By HNN Staff | March 2, 2021 at 7:29 PM HST - Updated March 2 at 7:37 PM
HONOLULU, Hawaii (HawaiiNewsNow) - A $174 million modernization of the Kapalama Container Terminal has been completed, and now more upgrades are in the works.
The improvements are intended to strengthen the cargo handling capabilities at the hub of Hawaii’s commercial harbor system, Department of Transportation officials said.
Phase 1 improvements included a nearly 66-acre container yard, security fencing, parking, cranes, and a truck weigh-in station.
There was a small ceremony to mark the groundbreaking of phase 2 of the project. ....

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'Matsonia' Delivered to Matson, Completing Hawaii Fleet Renewal – gCaptain


U.S. carrier Matson Inc. has taken delivery of the M/V Matsonia, the second of two new Kanaloa Class “con-ro” ships built for Matson by General Dynamics NASSCO.
The Jones Act-compliant Kanaloa class ships are the largest of their kind ever built in the U.S. They join Matson’s two new Philly Shipyard-built containerships, Daniel K Inouye and Kaimana Hila, in completing the Hawaii fleet renewal.
Matsonia and sister ship Lurline are each 870 feet long, 114 feet wide (beam), with a deep draft of 38 feet and weighing in at over 50,000 metric tons. They have an enclosed garage with room for approximately 500 vehicles, plus ample space for rolling stock and breakbulk cargo. Lurline entered service in January of this year. ....

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