Matthew J. Cox to be Presented with Connie Award in Long Beach on October 2
News Release
Containerization & Intermodal Institute (CII)
August 2, 2012
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.19258"></HEAD>
<BODY>
<DIV>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 11pt"><EM>Containerization
& Intermodal Institute Selects </EM></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 11pt"><EM>President
and CEO of Matson for Noteworthy Industry Contributions</EM></P><BR>
<TABLE style="DISPLAY: table; MARGIN-BOTTOM: 6px" id=content_LETTER.BLOCK1
border=0 cellSpacing=0 cellPadding=5 width="100%">
<TBODY>
<TR>
<TD style="TEXT-ALIGN: left; FONT-FAMILY: Verdana,Geneva; FONT-SIZE: 10pt"
align=left>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN><STRONG>LONG
BEACH, CA</STRONG> (July 31, 2012)---Matthew J. Cox, President and Chief
Executive Officer of Matson Navigation Co., acknowledged as one of the
pioneering ocean carriers in containerization, will be presented with the
prestigious Connie Award by the Containerization & Intermodal
Institute (CII) at an industry-wide dinner to be held Tuesday, October 2
at the Renaissance Hotel. </SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Connie
recipients are acknowledged with this prominent award for their
significant influence on containerization in world trade and
transportation. CII, founded in 1960, has been presenting the Connie Award
since 1972 and it has become the most coveted honor in the field of
containerization and its ancillary industries. Mr. Cox is the second
Matson executive to receive this honor, following the late Robert J.
Pfeiffer, former Chairman and President, who received a Connie in
1980.</SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Mr.
Cox has been President of Matson since 2008. He also became CEO as the
company separated from its parent, Alexander & Baldwin, in June. He
now oversees the </SPAN><SPAN>stand-alone, publicly traded company on the
NYSE under the ticker "MATX." The company was founded 130 years ago as an
ocean carrier bringing goods from the U.S. Pacific Coast mainland to
Hawaii. Over the years Matson grew into tourism, wartime service and
ancillary industries. </SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>On
August 31, 1958, Matson's S.S. Hawaiian Merchant departed San Francisco
Bay carrying 20 24-foot containers on deck, an historic voyage that marked
the beginning of an ambitious containerization program. Matson's
containerization program for Hawaii was the product of its in-house
research department, which was established in 1956 and was the first of
its kind in the industry. It was a tremendous program, perhaps one of the
most significant ever undertaken by an ocean carrier.</SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Concurrently,
shoreside innovations were introduced, including the world's first A-frame
gantry crane, which was erected in 1959 in Alameda, California and became
the prototype for container cranes. In addition, Matson introduced the
first transtainer by Paceco and the first straddle carrier in the world by
Clark Ross---both developed to meet Matson specifications.</SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>"Mr.
Cox has embraced leadership of this innovative company during challenging
times for our industry," said Allen Clifford, CII President. "His success
in maintaining and growing Matson's presence in various trades is to be
admired."</SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>With
nearly 25 years of experience in the transportation industry, Mr. Cox has
been on Matson's executive management team since joining the company in
2001 as Senior Vice President and Chief Financial Officer. In 2005, he
became the Executive Vice President and Chief Operating Officer and has
since been promoted to his current positions. </SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Prior
to Matson, Mr. Cox spent 12 years with American President Lines, Ltd.
(APL) from 1987 to 1999. From 1999 to 2001, he held executive posts at
Distribution Dynamics, Inc., a provider of outsourced logistics, inventory
management and integrated information systems based in Danville,
California.</SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>In
2006, Mr. Cox had a key role in the start up of Matson's China - Long
Beach Express service. In addition to his Matson responsibilities, Mr. Cox
is also a member of the board of managers of SSAT, a stevedoring joint
venture, and is on the board of the Pacific Maritime
Association.</SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>In
addition to the Connie Awards, CII will carry out its industry education
mission by presenting scholarships to students studying logistics. Any
company can sponsor a named scholarship through CII, which has had more
than half a million dollars given for higher education under its auspices
since 1992. </SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>The
CII Connie Awards dinner is $225 per ticket and seating is limited.
Sponsors for scholarship opportunities and tickets are available. For more
information, contact Barbara Yeninas, Executive Director, at <SPAN>(732)
817-9131</SPAN> or <A style="COLOR: blue; TEXT-DECORATION: underline"
href="redir.aspx?C=42cd6f1e809a49ff969c17683f50ee2e&URL=mailto%3aconnie%40containerization.org"
shape=rect>connie@containerization.org</A></SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="TEXT-ALIGN: center; MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"
align=center><SPAN>###</SPAN></P></TD></TR></TBODY></TABLE></DIV></BODY></HTML>
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.19258"></HEAD>
<BODY>
<DIV>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 11pt"><EM>Containerization
& Intermodal Institute Selects </EM></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 11pt"><EM>President
and CEO of Matson for Noteworthy Industry Contributions</EM></P><BR>
<TABLE style="DISPLAY: table; MARGIN-BOTTOM: 6px" id=content_LETTER.BLOCK1
border=0 cellSpacing=0 cellPadding=5 width="100%">
<TBODY>
<TR>
<TD style="TEXT-ALIGN: left; FONT-FAMILY: Verdana,Geneva; FONT-SIZE: 10pt"
align=left>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN><STRONG>LONG
BEACH, CA</STRONG> (July 31, 2012)---Matthew J. Cox, President and Chief
Executive Officer of Matson Navigation Co., acknowledged as one of the
pioneering ocean carriers in containerization, will be presented with the
prestigious Connie Award by the Containerization & Intermodal
Institute (CII) at an industry-wide dinner to be held Tuesday, October 2
at the Renaissance Hotel. </SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Connie
recipients are acknowledged with this prominent award for their
significant influence on containerization in world trade and
transportation. CII, founded in 1960, has been presenting the Connie Award
since 1972 and it has become the most coveted honor in the field of
containerization and its ancillary industries. Mr. Cox is the second
Matson executive to receive this honor, following the late Robert J.
Pfeiffer, former Chairman and President, who received a Connie in
1980.</SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Mr.
Cox has been President of Matson since 2008. He also became CEO as the
company separated from its parent, Alexander & Baldwin, in June. He
now oversees the </SPAN><SPAN>stand-alone, publicly traded company on the
NYSE under the ticker "MATX." The company was founded 130 years ago as an
ocean carrier bringing goods from the U.S. Pacific Coast mainland to
Hawaii. Over the years Matson grew into tourism, wartime service and
ancillary industries. </SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>On
August 31, 1958, Matson's S.S. Hawaiian Merchant departed San Francisco
Bay carrying 20 24-foot containers on deck, an historic voyage that marked
the beginning of an ambitious containerization program. Matson's
containerization program for Hawaii was the product of its in-house
research department, which was established in 1956 and was the first of
its kind in the industry. It was a tremendous program, perhaps one of the
most significant ever undertaken by an ocean carrier.</SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Concurrently,
shoreside innovations were introduced, including the world's first A-frame
gantry crane, which was erected in 1959 in Alameda, California and became
the prototype for container cranes. In addition, Matson introduced the
first transtainer by Paceco and the first straddle carrier in the world by
Clark Ross---both developed to meet Matson specifications.</SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>"Mr.
Cox has embraced leadership of this innovative company during challenging
times for our industry," said Allen Clifford, CII President. "His success
in maintaining and growing Matson's presence in various trades is to be
admired."</SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>With
nearly 25 years of experience in the transportation industry, Mr. Cox has
been on Matson's executive management team since joining the company in
2001 as Senior Vice President and Chief Financial Officer. In 2005, he
became the Executive Vice President and Chief Operating Officer and has
since been promoted to his current positions. </SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Prior
to Matson, Mr. Cox spent 12 years with American President Lines, Ltd.
(APL) from 1987 to 1999. From 1999 to 2001, he held executive posts at
Distribution Dynamics, Inc., a provider of outsourced logistics, inventory
management and integrated information systems based in Danville,
California.</SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>In
2006, Mr. Cox had a key role in the start up of Matson's China - Long
Beach Express service. In addition to his Matson responsibilities, Mr. Cox
is also a member of the board of managers of SSAT, a stevedoring joint
venture, and is on the board of the Pacific Maritime
Association.</SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>In
addition to the Connie Awards, CII will carry out its industry education
mission by presenting scholarships to students studying logistics. Any
company can sponsor a named scholarship through CII, which has had more
than half a million dollars given for higher education under its auspices
since 1992. </SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>The
CII Connie Awards dinner is $225 per ticket and seating is limited.
Sponsors for scholarship opportunities and tickets are available. For more
information, contact Barbara Yeninas, Executive Director, at <SPAN>(732)
817-9131</SPAN> or <A style="COLOR: blue; TEXT-DECORATION: underline"
href="redir.aspx?C=42cd6f1e809a49ff969c17683f50ee2e&URL=mailto%3aconnie%40containerization.org"
shape=rect>connie@containerization.org</A></SPAN></P>
<P
style="MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN> </P>
<P
style="TEXT-ALIGN: center; MARGIN-TOP: 0px; FONT-FAMILY: Verdana,Geneva; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"
align=center><SPAN>###</SPAN></P></TD></TR></TBODY></TABLE></DIV></BODY></HTML>