Shipping 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