Matson Won't Add Guam Capacity After Horizon Exit

10/29/2011 8:51:51 AM

Matson Navigation Co. said it has capacity to handle cargo demand to Guam without adding ships in the wake of Horizon Lines’ cancellation of its trans-Pacific service. Horizon said this week it was pulling the plug on its money-losing service from the West Coast to Guam and from China. Horizon said it will concentrate on its other domestic services between the U.S. mainland and Puerto Rico, Alaska and Hawaii. Matson, a subsidiary of Alexander & Baldwin, said its weekly service to Guam “has the vessel capacity and necessary equipment to handle the additional volume and maintain existing levels of service without requiring any new fleet deployments.”                                                         Journal of Commerce Online

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