Matson

Matson

Matson Navigation Company, Inc., is a Pacific shipping company that provides services to the islands of Hawaii, Guam, and Micronesia, as well as expedited services from China to Southern California. Founded by William Matson in 1882, the Honolulu, Hawaii-based ocean carrier operates a fleet of 18 vessels, with a total carrying capacity of 31,118 TEUs as of Aug. 15, 2014, according to Alphaliner, and a total container transport volume of 236,700 TEUs in 2013. The company employs 1,036 individuals and recorded 2013 revenues of $1.6 billion — up 4.9 percent year-over-year. Its 2013 net income was $100.3 million, up 3.7 percent from the previous year’s profit of $96.7 million.

Matson Navigation Company, Inc., is a subsidiary of Matson Inc., as well as a parent company to Matson Logistics Inc. and Matson Terminals Inc.

Matson was the 25th-ranked container carrier in U.S containerized import trade in 2013, with volume of 108,410 TEUs, down 7.7 percent year-over-year, giving it market share of 0.6 percent. It was No. 31 in U.S. containerized export trade in 2013, with volume of 56,874 TEUs, up 2.1 percent year-over-year and market share of 0.4 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

07 Aug 2015
At a time when carriers complain that their industry has been commoditized, Matson’s ability to grab market share on the China to West Coast market at a time when many shippers are avoiding the West Coast shows some shippers are willing to pay higher rates for expedited service and reliable landside cargo handling.
05 Aug 2015
Matson said it expects its new Alaska service, improved rates in the carrier’s China express service, and growth in its core Hawaii market to produce improvement from second quarter results that were dinged by non-recurring charges.
29 Jul 2015
Matson plans to invest roughly $30 million in upgrades and new equipment into the new Alaska services it acquired from now-defunct Horizon Lines in May.
09 Jul 2015
A mechanical problem that caused a Matson Navigation Co. vessel to lose power en route to Honolulu on Wednesday was corrected that evening and the ship has resumed its voyage.
29 May 2015
Matson Inc. has completed its previously announced $469 million acquisition of Horizon Lines, clearing the way for Matson to enter the U.S-flag domestic trade between the Pacific Northwest and Alaska.
04 May 2015
Matson’s first quarter operating income quadrupled from a year earlier as the carrier’s niche China-to-U.S. West Coast service continued to benefit from delays afflicting other trans-Pacific carriers.
Matson container ship in Port of Oakland, February 2015
24 Feb 2015
Matson posted increases in profit for the fourth quarter and full year of 2014 and said it expects “modestly higher” operating results in 2015, aside from the company’s pending acquisition of Horizon Line’s Alaska service.
20 Jan 2015
A bipartisan group of 32 U.S. House members are pushing back against a recently filed amendment to repeal requirements that domestic waterborne cargo be shipped in U.S.-flag ships owned, built and operated by Americans.
09 Jan 2015
Matson said higher rates for its China express service, growth in its domestic Hawaii and Guam markets, and improved logistics profitability are expected to produce a sharp increase in the company’s fourth-quarter operating income.
28 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in November, December and January, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
26 Nov 2014
Matson Navigation Co. will raise its rates for its Guam Commonwealth of Northern Mariana Islands and Micronesia services by $225 for both westbound and eastbound containers, effective Jan. 25, 2015.
11 Nov 2014
The U.S. domestic carrier Horizon Lines is being broken up, the company announced on Tuesday, with its Puerto Rico service being shut down and its Alaska and Hawaii service being sold to existing carriers in those markets.