Matson, Inc., founded in 1882 and headquartered in Honolulu, Hawaii, is a leading U.S. shipping and logistics company specializing in Pacific routes. As of mid-2025, Matson operates a modern fleet of nine container ships and additional vessels, providing critical ocean freight services between the U.S. mainland, Hawaii, Alaska, Guam, Micronesia, and select Asian markets. The company employs over 4,300 people and is recognized for its fast, reliable delivery and integrated logistics solutions across North America and Asia.
In the first quarter of 2025, Matson reported consolidated revenue of $782 million, up 8.3% year-over-year, with net income doubling to $72.3 million ($2.18 per share) compared to the same period in 2024. For the trailing twelve months, revenue reached $3.48 billion, reflecting nearly 12% annual growth. The company’s profitability remains robust, with a profit margin of 14.7% and a disciplined capital allocation strategy, including its thirteenth consecutive annual dividend increase to $0.36 per share.
Matson is executing a significant fleet renewal program, investing approximately $1 billion in three new Aloha Class containerships, each with a capacity of 3,600 TEU. These Jones Act-compliant vessels, scheduled for delivery in 2026 and 2027, feature dual-fuel engines (LNG-ready) and advanced environmental technologies to support Matson’s goals of a 40% reduction in greenhouse gas emissions by 2030 and net-zero emissions by 2050. The new ships will replace older vessels, further enhancing efficiency and sustainability across Matson’s core trade lanes.
Despite ongoing challenges such as fluctuating container volumes in China and Guam, and uncertainties in global trade and tariffs, Matson has maintained strong financial health and operational agility. The company continues to optimize its service network, invest in digital transformation, and expand its logistics offerings, reinforcing its position as a vital lifeline for Pacific island economies and a resilient player in international shipping
.