China cargo service catapults Matson’s earnings

Hawaii-based ocean cargo carrier Matson Inc. more than doubled its profit last year, largely on expanded China service that included transporting supplies to combat COVID-19 on the mainland.

The company earned $193.1 million last year, up 133% from $82.7 million the year before, according to a financial report released Tuesday.

Revenue rose by $180 million, or 8%, to $2.38 billion from $2.20 billion in the same period.

https://www.staradvertiser.com/2021/02/24/hawaii-news/china-cargo-service-catapults-matsons-earnings/