Matson Inc is a holding company incorporated in January 2012, in the State of Hawaii. The Company provides ocean transportation and logistics services. Its ocean transportation business is conducted through Matson Navigation Company, Inc., a wholly-owned subsidiary of the Company MatNav is an asset-based business that provides a lifeline of ocean freight transportation services to the island economies of Hawaii, Guam and Micronesia, and also operates a premium, expedited service from China to Long Beach, California. In January 2013, it began providing ocean services to various islands in the South Pacific including New Zealand, Fiji, Samoa, American Samoa, Tonga and the Cook Islands, and later expanded service to include Australia to the Solomon Islands. Its fleet consists of 18 owned and three chartered vessels including containerships, combination container/roll-on/roll-off ships, and custom-designed barges. The Company also provides container stevedoring, container equipment maintenance and other terminal services for MatNav and other ocean carriers through Matson Terminals, Inc., a wholly-owned subsidiary of MatNav, on the islands of Oahu, Hawaii, Maui and Kauai. The Company's logistics business is conducted through Matson Logistics, Inc., a wholly-owned subsidiary of MatNav. Matson Logistics is an asset-light business that provides multimodal transportation, including domestic and international rail intermodal service; long-haul and regional highway brokerage, specialized hauling, flat-bed and project work, less-than-truckload services, expedited freight services, and warehousing and distribution services. The warehousing and distribution services are provided by Matson Logistics Warehousing, Inc., a wholly-owned subsidiary of Matson Logistics. Its competitors include Horizon Lines, Inc., Pasha Hawaii Transport Lines, Maersk, COSCO, Evergreen C.H. Robinson Worldwide, and the Hub Group. The Company is subject to federal, state and local laws and regulations.