US flag-carrier Matson reported net income for the first quarter of $87.2m, compared with just $3.8m for Q1 20, thanks to “continued significant demand” for its services to China.
“Our financial performance in the China service was the primary driver of the increase in consolidated operating income,” said CEO Matt Cox.
Matson’s CLX and CLX+ loops connecting China with the US west coast saw a huge 219% increase in liftings over the …

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Source: The Loadstar