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MATX vs NCEW

Matsons, Inc. and New Century Logistics (BVI) Limited Ordinary Shares

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Matsons, Inc.

Matson, Inc., together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, food products, beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise. This segment also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. The Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load consolidation and freight forwarding services; warehousing and distribution services; supply chain management services, and non-vessel operating common carrier freight forwarding services. It serves the U.S. military, freight forwarders, retailers, consumer goods manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.

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New Century Logistics (BVI) Limited Ordinary Shares

New Century Logistics (BVI) Limited, through its subsidiaries, provides freight forwarding services in Hong Kong. The company provides air and ocean export and import freight forwarding services, including cargo space, cargo pick up, off-airport air cargo security screening, preparation of shipping documentation, arrangement of customs clearance, and cargo handling at ports. It also involved in the warehouse and distribution related services. In addition, the company offers X-ray, gate charge, and palletization services. New Century Logistics (BVI) Limited was incorporated in 2019 and is based in Kwun Tong, Hong Kong.

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