Matson Results Presentation Deck
China Service - Current Business Trends
Currently in the Transpacific marketplace, we are seeing modest reductions in
deployed capacity and retail inventories are in a relatively better position than
earlier in the year, but retailers continue to carefully manage inventory levels in the
face of lower consumer demand
• We further expect the tradelane to experience a muted peak season, but for
Matson, we expect our China service to be near full during the traditional peak
season
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• Absent an economic "hard landing" in the U.S., we continue to expect trade
dynamics to gradually improve for the remainder of the year as the Transpacific
marketplace transitions to a more normalized level of consumer demand and retail
inventory stocking levels.
Regardless of the economic environment, we expect to continue to earn a
significant rate premium to the Shanghai Containerized Freight Index (SCFI)
reflecting our fast and reliable ocean services and unmatched destination services
7 Second Quarter 2023 Earnings Conference Call
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