Matson provided preliminary 23Q2 results after Thursday close. Matson's ocean
transportation activities will be between $78-83mn, which is nearly 3 times of
the 23Q1 results but still down 80% YoY. The YoY drop is expected by the market
but the sequential rebound in earnings may have come as a positive surprise to
the analysts in the capital market.
Matson 's operation is highly concentrated on US domestic routes in the Pacific
Ocean and FE-WCNA while CCFI suggested China-WCNA freight rates ha