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Matson sees ‘solid’ freight demand on transpacific despite muted peak season

Hawaii-based liner’s transpacific volumes slid only 1.3% year on year, but lower freight rates bite into profits

‘Solid’ freight demand sees volumes on US-listed Matson’s key China route fall by only 1.3%, but third-quarter income is expected to be slashed by more than half as freight rates retreated from last summer’s highs

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