Hawaiian slowdown sends Matson revenues tumbling

Fall in box volumes key to 25% drop in income

Liz McCarthy - Friday 5 February 2010

LOW Hawaiian container throughput volumes have hit revenues at US boxship owner Matson Navigation and hit profits for parent company Alexander & Baldwin for the second year in a row.

New York Stock Exchange-listed Alexander & Baldwin’s revenues for 2009 fell 25% from $1.4bn in 2008, with the ocean transportation business accounting f...

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