Matson's profit soared in fourth quarter

Higher container volume in Guam contributed to $15.6 million in earnings for the shipping company

By Andrew Gomes

POSTED: 01:30 a.m. HST, Feb 08, 2013

~~<p>Matson Inc. lifted its profit in the fourth quarter to cap a strong year of earnings driven largely by higher shipping rates in China and a windfall of extra shipping volume in Guam.</p>
<p>The Honolulu-based ocean cargo transportation firm reported Thursday that its fourth-quarter profit surged to $15.6 million from $1.6 million in the same period a year earlier. Profit for all of last year was $45.9 million, up from $34.2 million in 2011.</p>
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Matson Inc. lifted its profit in the fourth quarter to cap a strong year of earnings driven largely by higher shipping rates in China and a windfall of extra shipping volume in Guam.

The Honolulu-based ocean cargo transportation firm reported Thursday that its fourth-quarter profit surged to $15.6 million from $1.6 million in the same period a year earlier. Profit for all of last year was $45.9 million, up from $34.2 million in 2011. Login for more...