Matson sees favorable first half as MSC wins, Evergreen loses in December

China 2678 Corp - Shipping 840 Earnings 515 Mode - Containerized 1309 Mode - Seaborne 1637 Quote Watch 284 U.S. 4753

Matson has provided Q4’20 earnings guidance that was more than 56% above analysts estimates, based on S&P Global Market Intelligence figures, after the container line cited “significant demand” for its China-U.S. service. The firm also expects “largely all of these trends to remain favorable in the first half of 2021 as the pandemic persists”. The firm’s expedited China-to-U.S. service appears to have generated significant demand, with U.S. seaborne imports linked to the firm having increased by 67.7% year over year in December alone. That put it well ahead of the container-line industry...

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