China Gives, China Will Take Away From Matson as Profitability Slips — Panjiva


China Gives, China Will Take Away From Matson as Profitability Slips

Corp - Shipping 608 Earnings 365 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

Container-line Matson reported 4Q revenues that rose 9.5% year over year, the fastest rate since 2Q 2017. The expansion was helped by “strong demand” in its China service including an improvement in achieved container rates. Demand was helped particularly by shipments of capital goods, which rose 14.6% year over year in 4Q on China-U.S. mainland routes, while the company’s operations have avoided congestion in the LA and Long Beach ports. The outlook isn’t as bright. Total volumes handled in January on China-U.S. mainland routes fell 6.8% year over year while the firm has war...

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