Misplaced Pages

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20-614: The building was constructed in 1922 - 1924 to serve as the headquarters of the Matson Navigation Company , then the largest shipping and transportation company between the West Coast and Hawaii . In addition, the building held mainland offices for three of Hawaii's Big Five corporations and multiple smaller Hawaiian firms, making it a prominent fixture in San Francisco - Hawaii commerce. Architects Bliss & Faville designed

40-506: A brief period after World War II , Matson operated an airline using Douglas DC-4 aircraft between the Pacific Coast and Hawaii. The airline ultimately ceased operations because of political pressure from Pan American World Airways , which resulted in inability to obtain federal government scheduled operating authority. On December 1, 2011, Matson's then-parent company Alexander & Baldwin announced that its board of directors approved

60-563: A plan to split A&B and Matson into two separate companies. As part of the plan, Matson would leave Oakland, California , to become a Honolulu -based company. The two companies are now traded separately. In 2015, Matson, Inc., acquired Horizon Lines , formerly its main competitor in the United States domestic market, for $ 469 million. Joining two Aloha-class freighter sister ships delivered to Matson in 2018 and 2019; in November 2022,

80-602: The Hilo Bay of the Hawaiian Islands . The enterprise began in the carrying of merchandise, especially of plantation stores, to the islands and returning with cargoes of sugar, later expanding interests at each end of the line. In 1924, Matson completed the Matson Building , designed by Bliss and Faville , at 215 Market Street in San Francisco, and noted as "one of a series of Chicago School skyscrapers built during

100-591: The New York Stock Exchange suspended trading of Horizon’s stock because it had fallen below its $ 15 million continued listing standard for average global market capitalization over a consecutive 30-day trading period. The company stock then traded on the OTCQB market. In November 2011, the company agreed to settle with the remaining shippers who opted out of the "Puerto Rico direct purchaser antitrust class action settlement" for $ 13.75 million On 28 January 2012,

120-585: The Oceanic Steamship Company (Spreckels Line), operating three trans-Pacific liners, including the SS Sonoma . From the early 20th century through the 1970s, Matson liners sailed from the west coast ports of San Francisco and Los Angeles to Honolulu and points beyond, including a handful of South Pacific ports of call as well as Sydney , Australia and Auckland , New Zealand . Two of their earlier cargo liners , Maui and Wilhelmina , were

140-495: The Renaissance Revival building. The sixteen-story building is divided into three sections; the lower and upper sections feature extensive ornamentation, giving the building a column-like appearance. The outside of the building is clad in terra cotta , which is also used for the building's decorative elements. In 1945 - 1947, a matching annex was placed on the building to provide more space for Matson's offices. The building

160-599: The 1910s and 1920s which give San Francisco its downtown character." It featured an observation tower and cupola at the northern corner of the building that enabled company executives to see its ships coming through the Golden Gate . The company later sold the building to Pacific Gas and Electric Company , whose general office was next door at 245 Market. PG&E has incorporated the former Matson Building into its general office complex, keeping Matson-specific details such as elevator doors with detailed maps of Hawaii on them. For

180-844: The Pacific to Hawaii, Alaska, Guam, Micronesia, the South Pacific, China, and Japan. William Matson (1849–1917) founded Matson Navigation Company. He was born in Lysekil in Västra Götaland County , Sweden , and orphaned during childhood. He arrived in San Francisco after a trip around Cape Horn in 1867. Working aboard the Dickel family yacht, he struck up a friendship with tycoon Claus Spreckels , who financed many of Matson's new ships. In 1882, he sailed his three-masted schooner Emma Claudina into

200-495: The company again contracted Philly Shipyard to build three new 3,600  twenty-foot equivalent units  (TEU) Jones Act -compliant container ships at a cost of $ 1 billion. Primarily a conveyor of freight; from 1908 on, Matson introduced into service a number of passenger liners to capitalize on the burgeoning tourist trade. In 1926, following the death of its founder, John D. Spreckels whose father, Claus Spreckels , had been Matson's earliest financier; Matson took over

220-497: The company ran trans-Pacific service to Guam and China. It also contracted for terminal services in seven ports in the continental United States. Its primary customers were consumer and industrial products companies, as well as various agencies of the U.S. government, including the Department of Defense and the U.S. Postal Service. It also offered shipping services of vehicles and household belongings. Horizon met with criticism within

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240-582: The company reached an agreement with the U.S. Department of Justice to plead guilty to two counts of providing falsified oil record-keeping documents from a vessel in the U.S. West Coast-Hawaii service. The company paid a fine of $ 1 million and donated an additional $ 500,000 to the National Fish & Wildlife Foundation. The company agreed to be placed on probation for three years and to institute an environmental compliance plan. In November 2014 Horizon Lines announced that it had reached formal agreements to sell

260-662: The end of the 1970s. In 1925, Matson acquired a controlling interest in the historic Moana Hotel on Waikiki on the island of Oahu . They constructed the nearby Royal Hawaiian Hotel in 1927. In 1952, they built the SurfRider Hotel (today a wing of the Moana), followed by the Princess Kaiulani Hotel in 1955. They sold the four properties to Sheraton Hotels in 1959. Matson's current cargo fleet of U.S.-flagged vessels include: Horizon Lines Horizon Lines, Inc.

280-488: The entire company. Alaska operations were bought by Matson, Inc. for $ 469 million while, following regulatory approval, its Hawaii trade-lane business was acquired by The Pasha Group . Service to Puerto Rico ended in December 2014. The company cited continued losses and struggles to operate and maintain its steam-powered fleet. The company had previously reduced its Puerto Rico service in an effort to reduce costs. The sale of

300-407: The first passenger ships to place their engines aft. Among the "white ships of Matson" were Malolo (rechristened Matsonia ), Lurline , Mariposa , and Monterey . With the advent and expansion of routine air travel between the mainland and the islands, Matson's passenger service was greatly diminished, and the liners were eventually retired from trans-Pacific service and virtually gone by

320-405: The investor community due to the age of some of its vessels. In the world fleet container ships go to the scrap yard at age 28 while Horizon still maintained C6 and C7 Lancer Class steam powered vessels. One such vessel, SS Horizon Discovery (ex- American Liberty ), was built in 1968 for the now defunct United States Lines . In May 2011 the U.S. Department of Justice reduced the fine levied

340-598: The name Horizon Lines. Horizon became a publicly traded company on the New York Stock Exchange in 2005. In 2015 the company was acquired by Matson Navigation Company . Horizon owned a fleet of 13 Jones Act-compliant container ships as recently as 2014, approximately 31,000 cargo containers, and operated cargo terminals in Alaska, Hawaii, and Puerto Rico. Approximately 150 port calls were made each year in Tacoma, Washington for service between Alaska or Hawaii. Until November 2011,

360-479: The previous month after the company pleaded guilty to price-fixing in the Puerto Rico market from $ 45 million to $ 15 million. The reduction was attributed to pressure from bondholders and the possibility that Horizon would declare bankruptcy after losing a contract with Danish shipping group Maersk Line . In October 2011, the company completed a $ 653 million refinancing move to avoid bankruptcy. On October 20, 2011

380-674: Was added to the National Register of Historic Places on November 29, 1995. This article about a property in San Francisco, California on the National Register of Historic Places is a stub . You can help Misplaced Pages by expanding it . Matson Navigation Company Matson, Inc. , is an American shipping and navigation services company headquartered in Honolulu, Hawaii . Founded in 1882, Matson, Inc.'s subsidiary Matson Navigation Company provides ocean shipping services across

400-746: Was an American domestic ocean shipping and logistics company headquartered in Charlotte, North Carolina. It was the largest Jones Act -compliant maritime shipping and logistics company, and accounted for approximately 37 per cent of all U.S. container shipments linking the continental United States to Alaska, Hawaii and Puerto Rico. Under the Jones Act, maritime shipments between U.S. ports is restricted to U.S.-built, owned, and flagged vessels operated by predominantly U.S.-citizen crews. The company originated from Sea-Land Service, Inc. The domestic liner operations of Sea-Land were sold in 2003 and thereafter operated under

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