From the Pacific Business Journal:
Matson Inc., Hawaii’s largest shipper, reported fourth quarter net income of $19.4 million, or 44 cents per diluted share, compared to $26.6 million, or 60 cents per diluted share, for the comparable quarter in 2015.
Matson attributed the lower earnings for the quarter to an increase in bunker fuel prices in November and December.
Revenue for the quarter was $519.3 million, compared with $494.8 million in the fourth quarter 2015.