Reported by Star-Bulletin staff & wire
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IN HAWAII
Matson Navigation Co. said construction cost overruns of $28 million per ship will not affect the price it is paying for two new 712-foot containerships being built at the Kvaerner Philadelphia Shipyard.
Cost overrun won't affect Matson buyKvaerner said it is costing more than expected to build the ships but Matson said that will not affect its contracted purchase price of $110 million per ship.
The first of the 2,600-container ships, the MV Manukai, will be christened July 12 by Margaret Inouye, wife of U.S. Sen. Daniel K. Inouye. It will then undergo sea trials and be turned over to Matson in August, about a month past the scheduled delivery date. Kvaerner has begun construction of the second ship, the MV Maunawili, to be delivered in 2004.
The shipyard is building a third sister ship, also at a $28 million cost overrun, for a buyer yet to be named.
[ HAWAII INC. ]
Promotions
>> Honolulu Publishing Co. has promoted Brett Uprichard to managing editor of Aloha Airlines and Aloha Island Air in-flight magazine Spirit of Aloha. Uprichard has spent 24 years with the company. Tom Chapman has been promoted to editor and Dana Lehman has been appointed program and promotion manager for the magazines. Chapman is the former partner and editor-in-chief of Emphasis Inc., an airline magazine publisher that was sold to Time Inc. in 1998. He replaces Janice Otaguro, whose new career will be in book design and production. Lehman was formerly in account service with Matrix Media of Hawaii and Sheila Donnelly & Associates.
On the board
>> Japanese Cultural Center of Hawaii has elected the following new directors: Dean Hirata, City Bank executive vice president, chief financial officer and treasurer; Neal Kanda, Central Pacific Bank executive vice president and chief financial officer; Eric Martinson, MN Capital Partners partner; Colbert Matsumoto, Island Insurance Co. chairman; Sanford Murata, Kamehameha Schools commercial assets division director; Joanne Ninomiya, KIKU-TV manager and JN Productions Inc. owner and president; Brian C. Nishida, BC&G International president; Miki Okumura, Goodsill Anderson Quinn & Stifel executive vice president; Raymond Ono, First Hawaiian Bank executive vice president and segment manager; Al Tomonari, Neiman Marcus Hawaii general manager; and Donna Tanoue, Bank of Hawaii vice chairman and Federal Deposit Insurance Corporation past chairman. Neighbor Island board representatives are: Tommy Hirano, Stationers' Corporation of Hawaii, Big Island; Charles Kawakami, Big Save Inc. president, Kauai; and Yuki Lei Sugimura, former economic development specialist for the Maui Mayor's Office.
