A crack in a propeller blade of a Matson containership led to a loss of hyrdraulic oil and propulsion while transiting the Pacific Ocean, the National Transportation Safety Board (NTSB).
Matson shares rose nearly 13% in recent Friday trading after the company reported preliminary Q2 earnings late Thursday of $2.14 to $2.28 per diluted share.
Analysts polled by Capital IQ expect.
BELLEVILLE – A packing company employee filed a negligence lawsuit after he was allegedly crushed by a bag of fishmeal that fell out of an open shipping container.
Matson contracts with Philly Shipyard for three ships at $1 billion workboat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from workboat.com Daily Mail and Mail on Sunday newspapers.
Matson Navigation Company Inc. recently announced that the company is investing $1 billion for the addition of three new Aloha Class containerships to its fleet.