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March 16, 2014
16:31 EDTMATXUncertainty, spill cleanup could cause sell-off of Matson shares, Barron's says
Matson's shares look expensive; however, a sell-off could occur due to the possibility that the shipping company may get hit with hefty costs to clean up its molasses spill in Honolulu Harbor, Barron's contends in a feature article. Reference Link
News For MATX From The Last 14 Days
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November 24, 2015
17:31 EDTMATXMatson to file rate increases in 2016
Matson announced that Matson Navigation Company will raise its cargo rates for Hawaii service by $225 per westbound container and $110 per eastbound container, effective January 3, 2016. The adjustment, which will represent an increase of less than 5 percent for the majority of Matson's customers, is designed to help offset increasing costs of operation and support continuing investment in improvements to Matson's Hawaii service.Matson has invested nearly $1B in new containerships, fleet enhancements, new container equipment, information technology improvements and upgrades to its terminal facilities in recent years. Last month, the company commenced construction on two new 3,600 TEU 'Aloha Class' containerships that are designed specifically for Hawaii service and scheduled to launch in 2018.

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