Honolulu-based Pasha Hawaii said the company narrowed its selection to two U.S. shipyards for the construction of two new Liquefied…
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.
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?
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
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.
Hanjin Shipping in possible bankruptcy and liquidation. Trans-Pacific freight rate expected to increase as capacity is constrained.