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1. Follow the Money
Sea Transport
Client - Matson Navigation/Alexander & Baldwin
“The sea transport industry consists of all companies involved in the shipping of goods over
bodies of water, both domestically and internationally. The industry also includes all entities
that sustain shipping, such as those offering boat-building, repair, operation and rental services.
This industry also includes cruise lines, as well as port authorities that receive the vessels.”
“Industry favorites include Sen. Brian Schatz (D-Hawaii), who sits on the Committee on
Commerce, Science and Transportation; Rep. Bill Cassidy (R-La.), who sits on the Energy and
Natural Resources Committee; and Sen. Mary L. Landrieu (D-La.), who lost her race in 2014 but
at one time chaired the Committee on Energy and Natural Resources. Each received over
$140,000 in contributions.”
Source: Vanessa Rodriguez, Open Secrets https://www.opensecrets.org/lobby/background.php?id=M05&year=2016
Sea Transport: Money to Congress
2016 (D-HI) $53,300Schatz, Brian
https://opensecrets.org/industries/summary.php?ind=M05&recipdetail=S&sortorder=N&mem=N&cycle=2016
2014 (D-HI) $191,600Schatz, Brian
https://opensecrets.org/industries/summary.php?ind=M05&recipdetail=S&sortorder=N&mem=N&cycle=2014
Appointed by Governor Neil Abercrombie to become Senior United States Senator following
the death of Senator Daniel Inouye in 2012; won the 2014 special election defeating Colleen
Hanabusa by 1,782 votes (0.75%) to complete the remainder of Senator Inouye's Senate term;
running for a six-year term in the United States Senate in the Hawaii 2016 General Election.
Challenged in the Hawaii 2016 General Election by John Carroll.
John Carroll on Maritime Shipping
“Lower Hawaii’s Artificially High Cost of Living
“Hawaii suffers disproportionately from archaic laws like the Jones Act that
increase the cost of all imports to our Island, which forces up the cost of
everyday necessities.

2. “These constraints on free trade and shipping also makes the export of goods,
especially agricultural products prohibitively expensive. Changing Federal law
will bring our cost of living back in line. The “Matson Tax” or “Cost of Living in
Paradise” are no longer things we should simply tolerate and ignore, it can be set
right.”
Source: Carroll U.S. Senate Common Sense…Uncommon Integrity
https://carroll4senate.wordpress.com/consistent-on-the-issues/
MATSON SHIPPING (NYSE:MATX)
“The company is unique in the public markets, as it is primarily a Jones Act and American flag
carrier. Though the company operates in the shipping sector, it retains attractive operating
characteristics that are more akin to a railroad or a utility, as the bulk of the company's
profits are generated from a protected domestic trade that is predictable. The company is also
old, tracing its history back to 1882 and the early development of the Hawaiian islands. Since
being spun off from Alexander Baldwin (NYSE:ALEX) four years ago, Matson has flourished
while the broader shipping sector has floundered. This prosperity is well deserved given the
fact that the company enjoys capable management, a significant competitive advantage and a
robust and dependable cash flow stream that comes from an essential service: Providing
reliable freight transport to areas such as Hawaii, Alaska and Micronesia where water-
transport is the only possible way of economically delivering goods.
“Matson uniquely positioned as a freight carrier in the United States, something largely due
to legislation known as the Jones Act.
“[T]his period of low oil prices and now most recently the bankruptcy of Hanjin Lines have
also provided significant tailwinds.”
Source: Seeking Alpha. This Wonderful Niche Business Is Firing On All Cylinders, About:
Matson, Inc. (MATX), Includes: ALEX (Alexander & Baldwin). September 2, 2016 11:33 AM [ET]
http://seekingalpha.com/article/4003821-wonderful-niche-business-firing-cylinders