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.

05 May 2016
Matson expects its operating income from ocean transportation this year to drop 15 percent to 20 percent from 2015, when its niche China-to-U.S. service benefited from larger rivals’ problems at West Coast ports.
07 Nov 2015
Matson profit jumped 93 percent year-over-year in the third quarter, on continued high demand for its expedited China service, new Alaska business and volume gains in the Hawaii trade.
24 Sep 2015
Matson learned years ago in its mainland to Hawaii service the importance of on-time performance, and it’s a lesson that has served the carrier well in operating its weekly express service from China to Long Beach.
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.