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Matson, Inc. (MATX)

NYSE - Nasdaq Real Time Price. Currency in USD
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22.6703-6.6797 (-22.7588%)
As of 2:55PM EDT. Market open.
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  • S
    Sid
    Sid
    Why are we down 20% today?
  • T
    Thomas
    Thomas

    Matson's competitor building new ships: http://www.marinelink.com/news/containerships-hawaii418402

    Pasha Hawaii Set to Order Containerships
    Honolulu-based Pasha Hawaii said the company narrowed its selection to two U.S. shipyards for the construction of two new Liquefied…
    www.marinelink.com
  • J
    J. Kress
    J. Kress
    The quarterly report and guidance was very disappointing. I had to sell. Predictably it's now in a bit of a counter trend rally, but I don't think it will last much longer.
  • j
    joe
    joe
    Anyone out there owned MATX and held prior to today?
    Yeah, MATX missed earning estimates, but to lose over <25%> today, from 40 to 30.
    Didn't expect MATX price to revisit under 29...as they say, overdone.
    Does this mean shipping business will get worse, a recession around the corner?
    Or, need to change management for a higher stock price.
    Any experts out there care to give their opinion?
  • J
    John
    John
    Hoping for some good news from Analysts out of this: Matson To Host Analyst And Investor Tour On October 6, 2016 And October 7, 2016
  • t
    trentbridge
    trentbridge
    Two more ships being built: SAN DIEGO, Aug. 26, 2016 /PRNewswire/ -- General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (GD), announced today it has signed a contract with Matson Navigation Company, Inc., a wholly owned subsidiary of Matson, Inc. (MATX), for the design and construction of two Kanaloa Class liquefied natural gas (LNG)-capable containerships with roll-on, roll-off capability.

    The 870-foot-long, 3,500 TEU containership design provides the capability to transport containers, automobiles and rolling stock, including trailers. Using proven design standards, the design incorporates LNG-capable main and auxiliary engines, which are compliant with Tier III emission requirements. The design accommodates future installation of a LNG fuel gas system.

    This is a good move - together with the two container ships being built in Philly.
  • j
    ja
    ja
    Hanjin Shipping in possible bankruptcy and liquidation. Trans-Pacific freight rate expected to increase as capacity is constrained.