Matson reported full year results on 20 Feb, with further details to the
headline earnings already provided in Jan. Matson was able to buck the trend of
negative operating profits reported by its larger rivals, with liner operating
earnings of $66m in the 4th quarter of 2023, while group level net profits
reached $62m.
Matson’s container liftings dropped 5% YoY in the 4th quarter, and although
overall utilisation levels continued to drop in 1Q 2024, it has outperformed
last year’s trend, in lin