Matson Results Presentation Deck
5
Transpacific tradelane
Currently seeing solid demand for our China service
Some supply chain infrastructure issues slowly subsiding, but other uncertainties
remain
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Views on Current Market Environment (continued)
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- China's factory production continues to recover from the COVID-19-related supply
chain challenges
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Improving port congestion on the U.S. West Coast; some terminal congestion as dwell
times remain elevated
In recent weeks, have seen a gradual decline in the Transpacific freight rate
environment off the highs experienced earlier this year
- Indicates that rates have likely peaked for now
Expect an orderly marketplace for the remainder of the year with our vessels continuing
to operate at or near capacity and earning a significant rate premium to the market
Expect to operate the CCX (California-China Express) service through the October
peak season this year
Continue to believe that our China service freight rates will be above pre-
pandemic rate levels and significantly higher than the SCFI due to our
differentiated, expedited ocean services
Second Quarter 2022 Earnings Conference Call
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