20 Jan 2022
Matson’s fourth-quarter results surge amid growing demand for expedited ocean freight services from China to the US West Coast.
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.
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.
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.
Matson in Hawaii
17 Jul 2014
Matson's expedited service allows it to stand out from most larger carriers in the eastbound trans-Pacific and is shoring up profits for the Jones Act line.
06 May 2014
Continuing improvement in the Hawaiian economy should lead to modest growth in the Hawaii trade this year, according to a container carrier serving the islands.
Artist’s rendition of one of Matson’s planned Aloha Class vessels.
06 Nov 2013
Matson Inc. has signed a contract with Aker Philadelphia Shipyard for two new dual-fuel container ships that can be powered by either liquid natural gas or diesel fuel.
14 Oct 2013
Matson is cooperating with federal and state agencies looking into a molasses spill last month in Hawaii that killed more than 26,000 fish, and is providing all of the information requested by those agencies, spokesman Jeff Hull said on Oct. 14.
08 Aug 2013
Matson reported its net income in the second quarter of 2013 was $20.1 million, up from $7.8 million in the second quarter of 2012.
31 May 2013
The Port of Long Beach this week recognized 20 ocean carriers and shipowners for their efforts to improve air quality by
06 May 2013
Most, if not all, of the container lines that call at California’s ports are prepared to meet the state’s revolutionary r
Matson container ship
06 May 2013
Matson, the Honolulu-based ocean carrier and logistics company,
21 Feb 2013
Matson Logistics has opened a new distribution center in Savannah, Ga.
08 Feb 2013
Matson, a U.S. carrier in the Pacific, reported net income in the fourth quarter of 2012 was $15.6 million, compared with $1.6 million in the fourth quarter of 2011.
27 Dec 2012
Matson Inc., has signed a definitive agreement to acquire assets formerly owned by Auckland, New Zealand-based Reef Shipping.
27 Nov 2012
Matson Navigation Co.