Comment / Conf call redux: Unique Matson – 'steady as they go'

ID 338009225 © Dizain777 | Dreamstime.com

$4.8bn-market cap Matson is in a unique position compared with many container lines.

For a start, it’s American, and most of its tradelanes – US-Hawaii, US-Alaska and US-Guam – are protected by the Jones Act, which means its competitors are either other US carriers or air freight.

Its other business lines are two China-US express container services that are consistently rated as the fastest and most punctual on the transatlantic; a logistics arm; and the SSAT joint-venture terminal business which manages eight ...