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.

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.
06 Nov 2014
Matson said growth in its core Hawaii market helped fuel increases in the carrier’s third-quarter volume, revenue and profit, and that it expects year-over-year improvement in the fourth quarter.
27 Oct 2014
Bunker fuel surcharges are falling along with the drop in fuel prices, according to Catapult International which tracks ocean surcharges.
26 Oct 2014
Matson Navigation is dropping its fuel surcharge on its Hawaii and Guam services to reflect the decline in bunker fuel prices.
01 Aug 2014
Hawaii-focused Matson remains interested in entering the Alaska market if one of the two Jones Act carriers in that trade decides to sell.
Artist’s rendition of one of Matson’s planned Aloha Class vessels.
01 Aug 2014
Jones Act carrier Matson posted slight declines in second-quarter net profit and operating income but said it expects its operating results in the second half of 2014 to show improvement from a year ago.
Images for weekly wrap-up
26 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association met for three days this past week without concluding negotiations; at the weekend, the parties announced a week-long recess in the talks. German carrier Hamburg Süd announced plans to acquire the container operations of Chile’s CCNI, in a move resembling the deal between larger competitor Hapag-Lloyd and Chile’s CSAV, and Crowley is reported to be in talks to acquire Horizon Lines’ Puerto Rico assets. Earnings reports by U.S. truckload carriers are pointing to a stronger freight recovery in the United States, though rail service continues to be held back. And on Friday, Anne S. Ferro announced her departure from the Federal Motor Carrier Safety Administration after five years leading the agency.
24 Jul 2014
A sale of Horizon Lines’ Puerto Rico service could prompt the carrier to also sell its Alaska route, with Matson the most likely buyer, analysts at investment bank Stifel Nicolaus said in a research note.
22 Jul 2014
Matson Inc. has agreed to pay the U.S. government $9 million to settle allegations that the company submitted false claims for fuel surcharges on military household goods shipments between continental U.S. points and Hawaii and Guam.
Weekly wrap-up for July 19
19 Jul 2014
While it is obvious that beneficial cargo owners shipped early this year through the West Coast in anticipation of the July 1 deadline for contract negotiations between the International Longshore and Warehouse Union and waterfront employers, reports of cargo surges at Canadian and U.S. East Coast ports in May and June indicate retailers were also diverting shipments away from West Coast ports.