19.1 C
Hamburg
Sunday, June 1, 2025
Home News Matson doubles Q1 profit despite flat container volumes

Matson doubles Q1 profit despite flat container volumes

In the first quarter of 2025, Matson reported a net profit of US$72.3 million—more than double its earnings from the same period last year—driven by a 10% increase in revenue to US$637.4 million.

However, this financial growth was not matched by a corresponding rise in container volumes, which edged up only 1% to 183,000 TEUs. Strong performance in the Hawaii and Alaska trades was partially offset by declines in other shipping corridors, according to the company’s statement.



Notably, Transpacific volumes fell by 1%, even as overall market volumes in that trade lane grew significantly during the quarter.





Antonis Karamalegkos
Managing Editor

Latest Posts

The Indian Ocean Rivalry

The Indian Ocean has emerged as a strategic theater of competition between two Asian giants: India and China. India’s recent developments indicate a rapid expansion...

Statkraft advances plans for green hydrogen scheme at Hunterston

Europe’s largest generator of renewable energy has proposed the development of a green hydrogen facility at Hunterston, the former coal terminal in Ayrshire. Clydeport –...

Port of Bilbao wraps up busiest month for cruise traffic

May has marked a record month for cruise activity at the Port of Bilbao’s terminal in Getxo, with 18 cruise ship calls bringing over...

Tripoli port shutdown sparks maritime crisis in Libya

Libya’s shipping sector is teetering on the edge of collapse as fresh waves of political violence erupt in Tripoli, crippling key port operations and...

Klaipėda port embarks on green hydrogen initiative

Klaipėda Port launched its green hydrogen initiative, positioning itself as the first in Lithuania and the broader Baltic region to produce and supply green...
error: Content is protected !!