Matson Profit Soars on Goods Shipped From China
Matson Inc., Hawaii’s largest ocean cargo transportation firm, continued to capitalize on expanded service from China to the mainland and nearly doubled its third-quarter profit.
November 3, 2020New Matson Vessel Is Largest Containership Ever Built in US
The largest containership built in the United States cruised into Honolulu Harbor on Nov. 28 after three years of construction and an initial voyage from Philadelphia to California via the Panama Canal earlier this month.
November 29, 2018New Hawaii Cargo Shipping Service is a No-Go
A much-touted plan to start a new Hawaii ocean cargo transportation service is dead in the water.
January 29, 2018Shipping Companies’ Expansion in Hawaii Could Go Bust for Some
When an established maritime company announced tentative plans last month to start a new domestic shipping line in 2020 to serve Hawaii, it said such service would provide “market stability.” But another possible result is a cargo capacity glut.
September 19, 2017Matson’s Earnings Increase by 33% as Hawaii Cargo Shipments Decline
Matson Inc. sailed over a shallow trough of lower Hawaii cargo shipments to produce a 33% profit gain in the second quarter largely driven by enhanced business in China and Alaska.
August 1, 2017Matson Charitable Giving Increases 32% to $2.9 Million
Hawaii’s largest ocean cargo transportation company increased its charitable giving in 2016 despite earning less profit.
April 21, 2017Matson Profit Falls 22% in 2016
Matson Inc., the biggest ocean cargo company serving Hawaii, suffered a 22% drop in profit in 2016 as higher expenses overshadowed revenue growth.
February 22, 2017Matson to Buy Alaska Freight Company
Ocean cargo transportation firm Matson Inc. plans to expand its operations in Alaska with a nearly $200 million purchase of a company that consolidates freight for shipping.
July 22, 2016