Matson is splashing the cash with a $1bn newbuilding deal for duel-fuel container ships at Philly Shipyard.

The Hawaiian boxships owner and liner operator said on Wednesday that it had signed an agreement with the Pennsylvania shipyard to build the three ships, with the first hitting the water in early 2026 and the other two in 2027. They will be able to run on LNG and conventional marine fuels.

“These Jones Act vessels will be built specifically for our CLX service with state-of-the-art green technology features and a fuel-efficient hull design,” chief executive Matt Cox said in a statement, adding the ships will help Matson slash direct Scope 1 greenhouse gas emissions by 40% by 2030.